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'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.
Although the technical rating is bad, FMHI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 45.90, 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.
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45.43
When analyzing the support we notice one important area.
- A support zone ranging from 45.89 to 45.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 46.52 to 47.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 47.87 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 | 32.33 | NEUTRAL | FMHI is not amongst the best or worst performers 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) | 39.44 | NEUTRAL | The RSI value for FMHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FMHI has a negative trend. |
| Stochastics (14,3) | 24.75 | NEUTRAL | The Stochastics value for FMHI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for FMHI suggests low volalility. |
| Average Directional Index/ADX (14) | 19.01 | NEGATIVE | The low ADX value for FMHI suggests a weak or negative trend. |
NASDAQ:FMHI (6/6/2025, 8:00:00 PM)
46.31
-0.19 (-0.41%)