BNY MELLON STRATEGIC MUNI (LEO) Stock Technical Analysis
NYSE:LEO - New York Stock Exchange, Inc. - US05588W1080 - Currency: USD
We assign a technical rating of 3 out of 10 to LEO. Recently some decent action could be observed, but in the medium term time frame this is still negative. LEO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, LEO is a bad performer in the overall market: 76% of all stocks are doing better.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
LEO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LEO is lagging the market.
In the last month LEO has a been trading in a tight range between 5.77 and 6.00.
The technical rating of LEO is bad and it also does not present a quality setup 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
5.57
6.28
When analyzing the support we notice one important area.
- A support zone ranging from 5.63 to 5.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.86 to 6.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.17 to 6.22. This zone is formed by a combination of multiple trend lines 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 | 24.26 | NEGATIVE | LEO has a low relative strength, it was outperformed by 75.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of LEO is below 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) | 48.18 | NEUTRAL | The RSI value for LEO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests LEO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.5 | NEUTRAL | The Stochastics value for LEO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for LEO suggests low volalility. |
| Average Directional Index/ADX (14) | 20.07 | NEUTRAL | The ADX value for LEO 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)
5.86
-0.07 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.18%
1 Week-2.01%
2 Weeks0.86%
1 Month0.34%
3 Month2.99%
6 Month-2.98%
12 Month-5.79%
2 Year-4.56%
3 Year-15.93%
5 Year-30.4%
10 Year-27.56%
15 Year-31.86%
Volatility
ATR(14)0.06
ATR(20)%0.84%
ATR Inc55.34%
Range Today0.06
ADR(20)0.05
ADR(20)%0.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.26
Mansfield-1.2
10 Day High6
10 Day Low5.8
20 Day High6
20 Day Low5.77
52 Week High6.64
52 Week Low5.55
CS1 End5.86
CR1 Start5.86
Volume & EV
DER(3)-5.13%
DER(5)-4.36%
Volume109.40K
Volume Incr-30.73%
Vol(5)117.28K
Vol(50)163.68K