BNY MELLON STRATEGIC MUNI (LEO) Stock Technical Analysis
NYSE:LEO - New York Stock Exchange, Inc. - US05588W1080 - Currency: USD
We assign a technical rating of 0 out of 10 to LEO. LEO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
LEO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.77, a Stop Loss order could be placed below this zone.
More info and screens
5.57
We found 1 important support area.
- A support zone ranging from 5.63 to 5.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.80 to 5.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.02 to 6.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @6.34 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 | DOWN | NEGATIVE | The long term trend for LEO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for LEO is down. |
| ChartMill Relative Strength | 28.39 | NEGATIVE | LEO has a low relative strength, it was outperformed by 71.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of LEO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of LEO is below a declining 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) | 42.9 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 43.13 | NEUTRAL | The Stochastics value for LEO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for LEO suggests low volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for LEO suggests a weak or negative trend. |
NYSE:LEO (6/20/2025, 8:04:00 PM)
5.78
0 (0%)