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FIRST TRUST MUNICIPAL HIGH I (FMHI) Stock Technical Analysis

NASDAQ:FMHI - Nasdaq - US33739P3010 - ETF - Currency: USD

46.66  +0.02 (+0.04%)

Technical Rating and Analysis

1

Taking everything into account, FMHI scores 1 out of 10 in our technical rating. FMHI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

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.
70% of all other stocks performed better in the past year than FMHI.
FMHI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FMHI is lagging the market.
In the last month FMHI has a been trading in a tight range between 46.20 and 46.90.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
FIRST TRUST MUNICIPAL HIGH I / FMHI Weekly stock chart
FIRST TRUST MUNICIPAL HIGH I / FMHI Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is bad, FMHI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 46.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 46.64, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

45.43

49.97

When analyzing the support we notice one important area.

  • A support zone ranging from 45.89 to 46.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

  • A resistance zone ranging from 46.71 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 47.98 to 48.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 49.26 to 49.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for FMHI is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for FMHI is neutral.
ChartMill Relative Strength30.4NEUTRALFMHI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of FMHI is above a declining SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of FMHI is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of FMHI is below a declining SMA(200).
Relative Strength Index/RSI (14)49.29NEUTRALThe RSI value for FMHI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.02POSITIVEThe MACD value suggests FMHI has a positive trend, although the MACD value is declining.
Stochastics (14,3)71.43NEUTRALThe Stochastics value for FMHI is a neutral value.
Average True Range in percent/ATR (20)0.54LOW VOLATILITYThe low ATR as a percentage value for FMHI suggests low volalility.
Average Directional Index/ADX (14)15.38NEGATIVEThe low ADX value for FMHI suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
FIRST TRUST MUNICIPAL HIGH I / FMHI Daily stock chart

FIRST TRUST MUNICIPAL HIGH I

NASDAQ:FMHI (6/27/2025, 4:30:00 PM)

46.66

+0.02 (+0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week-0.24%
2 Weeks-0.11%
1 Month-0.15%
3 Month-2.36%
6 Month-2.85%
12 Month-3.44%
2 Year-0.93%
3 Year-1.78%
5 Year-8.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%0.54%
ATR Inc-28.21%
Range Today0.14
ADR(20)0.24
ADR(20)%0.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.4
Mansfield-0.96
10 Day High46.9
10 Day Low46.46
20 Day High46.9
20 Day Low46.2
52 Week High49.51
52 Week Low44.8
CS1 End46.64
CR1 Start46.71
Volume & EV
DER(3)2.57%
DER(5)1.14%
Volume49.42K
Volume Incr-20.44%
Vol(5)69.50K
Vol(50)121.21K