FIRST TRUST MUNICIPAL HIGH I (FMHI) Stock Technical Analysis
NASDAQ:FMHI - Nasdaq - US33739P3010 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to FMHI. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, FMHI is a bad performer in the overall market: 77% of all stocks are doing better.
FMHI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month FMHI has a been trading in a tight range between 46.02 and 46.90.
FMHI has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
45.44
49.97
When analyzing the support we notice one important area.
- A support zone ranging from 45.90 to 45.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.38 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 48.26. 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.
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 | DOWN | NEGATIVE | The short term trend for FMHI is down. |
| ChartMill Relative Strength | 23.67 | NEGATIVE | FMHI has a low relative strength, it was outperformed by 76.33% 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) | 26.94 | OVERSOLD | The low RSI value suggests FMHI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests FMHI has a negative trend. |
| Stochastics (14,3) | 9.27 | OVERSOLD | The low Stochastics value suggests FMHI may be oversold. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for FMHI suggests low volalility. |
| Average Directional Index/ADX (14) | 20.62 | NEUTRAL | The ADX value for FMHI suggests a possible start of a new 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)
NASDAQ:FMHI (7/18/2025, 8:00:01 PM)
46.0756
-0.12 (-0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.25%
1 Week-1%
2 Weeks-1.53%
1 Month-1.23%
3 Month-0.76%
6 Month-4.55%
12 Month-5.5%
2 Year-1.97%
3 Year-6.26%
5 Year-11.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.48%
ATR Inc6.81%
Range Today0.15
ADR(20)0.21
ADR(20)%0.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.67
Mansfield-1.17
10 Day High46.89
10 Day Low46.02
20 Day High46.9
20 Day Low46.02
52 Week High49.51
52 Week Low44.8
CS1 End45.9
CR1 Start46.38
Volume & EV
DER(3)1.65%
DER(5)3.57%
Volume97.80K
Volume Incr43.71%
Vol(5)113.82K
Vol(50)91.24K