BNY MELLON STRATEGIC MUNI (LEO) Stock Technical Analysis
NYSE:LEO - US05588W1080
Overall LEO gets a technical rating of 3 out of 10. In the past year, LEO was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, LEO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.91, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
5.57
When analyzing the support we notice one important area.
- A support zone ranging from 5.63 to 5.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.97 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.21 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for LEO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for LEO is neutral. |
| ChartMill Relative Strength | 27.08 | NEGATIVE | LEO has a low relative strength, it was outperformed by 72.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of LEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of LEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of LEO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.99 | NEUTRAL | The RSI value for LEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests LEO has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for LEO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for LEO suggests low volalility. |
| Average Directional Index/ADX (14) | 14.81 | NEGATIVE | The low ADX value for LEO suggests a weak or negative trend. |
NYSE:LEO (8/29/2025, 8:04:00 PM)
5.95
+0.06 (+1.02%)