Taking everything into account, DMF scores 0 out of 10 in our technical rating. DMF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
DMF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.90, a Stop Loss order could be placed below this zone.
More info and screens
6.54
3 important support areas can be observed.
- A support zone ranging from 6.90 to 6.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 6.76 to 6.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.93 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @7.31 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.49 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DMF is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DMF is neutral. |
| ChartMill Relative Strength | 28.91 | NEGATIVE | DMF has a low relative strength, it was outperformed by 71.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DMF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DMF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DMF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.81 | NEUTRAL | The RSI value for DMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests DMF has a positive trend. |
| Stochastics (14,3) | 62.07 | NEUTRAL | The Stochastics value for DMF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for DMF suggests low volalility. |
| Average Directional Index/ADX (14) | 31.77 | POSITIVE | The high ADX value value for DMF suggests a strong trend. |
6.93
-0.01 (-0.14%)
BNYM MUNICIPAL INCOME / DMF FAQ
Can you provide the ChartMill technical rating for BNYM MUNICIPAL INCOME?
ChartMill assigns a technical rating of 0 / 10 to DMF.
Can you provide the trend direction for BNYM MUNICIPAL INCOME?
The current trend direction for BNYM MUNICIPAL INCOME (DMF) is Bearish.
What is the RSI signal for BNYM MUNICIPAL INCOME (DMF) stock?
BNYM MUNICIPAL INCOME (DMF) has an RSI value of 45.814. This indicates that the stock is currently neutral.
What is the support and resistance level for DMF stock?
BNYM MUNICIPAL INCOME (DMF) has a support level at 6.9 and a resistance level at 6.93. Check the full technical report for our detailed analysis of DMF support and resistance levels.