FIRST TRUST MANAGED MUNICIPA (FMB) Stock Technical Analysis
NASDAQ:FMB - Nasdaq - US33739N1081 - ETF - Currency: USD
Overall FMB gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FMB was also a bad performer in the overall market in the last year.
Although the technical rating is bad, FMB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 49.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.75, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FMB in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
47.75
2 important support areas can be observed.
- A support zone ranging from 49.11 to 49.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.23 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 49.96 to 52.09. 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 FMB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FMB is up. |
| ChartMill Relative Strength | 29.51 | NEGATIVE | FMB has a low relative strength, it was outperformed by 70.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FMB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FMB is above the rising 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) | 57.82 | NEUTRAL | The RSI value for FMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests FMB has a positive trend. |
| Stochastics (14,3) | 83.47 | OVERBOUGHT | The high Stochastics value suggests FMB may be overbought. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for FMB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for FMB suggests a weak or negative trend. |
NASDAQ:FMB (8/7/2025, 8:27:17 PM)
49.78
+0.08 (+0.17%)