VANECK MUNI ALLOCATION ETF (MAAX) Stock Technical Analysis
NYSEARCA:MAAX - NYSE Arca - US92189H5081 - ETF - Currency: USD
Overall MAAX gets a technical rating of 3 out of 10. In the past year, MAAX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: MAAX has an average volume of 216 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, MAAX outperforms 43% of them, which is more or less in line with the market.
MAAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MAAX is lagging the market.
In the last month MAAX has a been trading in a tight range between 20.36 and 20.75.
Volume is considerably higher in the last couple of days.
MAAX has a poor technical rating and the quality of the setup is also only medium 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
19.67
21.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.53 to 20.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.87 to 20.18. 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 20.73 to 20.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.16 to 21.52. 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 MAAX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MAAX is up. |
| ChartMill Relative Strength | 43.58 | NEUTRAL | MAAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MAAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MAAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MAAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.58 | NEUTRAL | The RSI value for MAAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MAAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.3 | OVERBOUGHT | The high Stochastics value suggests MAAX may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for MAAX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.77 | NEGATIVE | The low ADX value for MAAX suggests a weak or negative 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)
NYSEARCA:MAAX (6/22/2023, 8:16:53 PM)
20.72
-0.03 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.12%
1 Week0.44%
2 Weeks0.75%
1 Month1.35%
3 Month-0.79%
6 Month-0.5%
12 Month-2.26%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.22%
ATR Inc-33.47%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.58
Mansfield-0.96
10 Day High20.75
10 Day Low20.61
20 Day High20.75
20 Day Low20.36
52 Week High22.16
52 Week Low19.87
CS1 End20.67
CR1 Start20.73
Volume & EV
DER(3)0%
DER(5)0%
Volume200
Volume Incr41.18%
Vol(5)360
Vol(50)216