FIRST TRUST MANAGED MUNICIPA (FMB) Stock Technical Analysis
NASDAQ:FMB - Nasdaq - US33739N1081 - ETF - Currency: USD
Taking everything into account, FMB scores 0 out of 10 in our technical rating. FMB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
75% of all other stocks performed better in the past year than FMB.
FMB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FMB is lagging the market.
In the last month FMB has a been trading in a tight range between 49.64 and 49.95.
Although the technical rating is bad, FMB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 49.60, a Stop Loss order could be placed below this zone.
More info and screens
47.75
52.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 49.11 to 49.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.75 to 52.09. This zone is formed by a combination of multiple trend lines and important moving averages 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 FMB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMB is neutral. |
| ChartMill Relative Strength | 25.32 | NEGATIVE | FMB has a low relative strength, it was outperformed by 74.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FMB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FMB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FMB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.68 | NEUTRAL | The RSI value for FMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests FMB has a negative trend. |
| Stochastics (14,3) | 46.65 | NEUTRAL | The Stochastics value for FMB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for FMB suggests low volalility. |
| Average Directional Index/ADX (14) | 13.37 | NEGATIVE | The low ADX value for FMB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
49.67
-0.04 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week-0.26%
2 Weeks-0.08%
1 Month-0.22%
3 Month0.22%
6 Month-2.32%
12 Month-3.33%
2 Year-1.93%
3 Year-4.03%
5 Year-11.25%
10 Year-2.97%
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.26%
ATR Inc15.53%
Range Today0.13
ADR(20)0.12
ADR(20)%0.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.32
Mansfield-0.96
10 Day High49.95
10 Day Low49.7
20 Day High49.95
20 Day Low49.64
52 Week High52.13
52 Week Low48.1
CS1 End49.6
CR1 Start49.75
Volume & EV
DER(3)-1.13%
DER(5)-1.96%
Volume143.06K
Volume Incr2.9%
Vol(5)166.58K
Vol(50)193.45K