FIRST TRUST MUNICIPAL HIGH I (FMHI) Stock Technical Analysis
NASDAQ:FMHI - US33739P3010 - ETF
Taking everything into account, FMHI scores 0 out of 10 in our technical rating. FMHI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, FMHI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 46.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FMHI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
45.44
We found 1 important support area.
- A support zone ranging from 45.90 to 46.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 46.28 to 46.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.26 to 49.48. 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 FMHI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FMHI is neutral. |
| ChartMill Relative Strength | 24.49 | NEGATIVE | FMHI has a low relative strength, it was outperformed by 75.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FMHI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FMHI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FMHI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.55 | NEUTRAL | The RSI value for FMHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FMHI has a positive trend. |
| Stochastics (14,3) | 47.59 | NEUTRAL | The Stochastics value for FMHI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for FMHI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.76 | NEGATIVE | The low ADX value for FMHI suggests a weak or negative trend. |
NASDAQ:FMHI (8/29/2025, 8:23:07 PM)
46.2177
-0.01 (-0.03%)