MFS MUNICIPAL INCOME TRUST (MFM) Stock Technical Analysis
NYSE:MFM - New York Stock Exchange, Inc. - US5527381066 - Currency: USD
We assign a technical rating of 1 out of 10 to MFM. MFM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
72% of all other stocks performed better in the past year than MFM.
MFM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month MFM has a been trading in a tight range between 5.05 and 5.20.
MFM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 5.13, a Stop Loss order could be placed below this zone.
More info and screens
4.92
5.85
2 important support areas can be observed.
- A support zone ranging from 5.06 to 5.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.97 to 4.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.13 to 5.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.41 to 5.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.62 from a horizontal line in the daily time frame.
- A resistance zone ranging from 5.74 to 5.79. 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 MFM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MFM is neutral. |
| ChartMill Relative Strength | 28.36 | NEGATIVE | MFM has a low relative strength, it was outperformed by 71.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MFM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MFM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MFM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.1 | NEUTRAL | The RSI value for MFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MFM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.78 | NEUTRAL | The Stochastics value for MFM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for MFM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.32 | NEGATIVE | The low ADX value for MFM 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)
5.13
-0.02 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.39%
1 Week-0.77%
2 Weeks0.69%
1 Month-0.58%
3 Month-3.21%
6 Month-3.75%
12 Month-6.04%
2 Year0.59%
3 Year-5.7%
5 Year-17.79%
10 Year-20.22%
15 Year-26.19%
Volatility
ATR(14)0.04
ATR(20)%0.93%
ATR Inc3.75%
Range Today0.05
ADR(20)0.05
ADR(20)%0.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.36
Mansfield-1.04
10 Day High5.2
10 Day Low5.1
20 Day High5.2
20 Day Low5.05
52 Week High5.78
52 Week Low4.94
CS1 End5.13
CR1 Start5.13
Volume & EV
DER(3)-2.03%
DER(5)-0.33%
Volume145.70K
Volume Incr-22.33%
Vol(5)132.78K
Vol(50)158.74K