MFS MUNICIPAL INCOME TRUST (MFM) Stock Technical Analysis
USA - NYSE:MFM - US5527381066
5.41 USD
-0.03 (-0.55%)
5.34 USD
-0.07 (-1.29%)
We assign a technical rating of 8 out of 10 to MFM. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MFM is only an average performer.
The long and short term trends are both positive. This is looking good!
When comparing the performance of all stocks over the past year, MFM turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
MFM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MFM is lagging the market.
In the last month MFM has a been trading in a tight range between 5.29 and 5.48.
Besides having an excellent technical rating, MFM also presents 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 5.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.40, a Stop Loss order could be placed below this zone.
More info and screens
4.92
5.85
We found 4 important support areas.
- A support zone ranging from 5.39 to 5.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.29 to 5.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.08 to 5.13. This zone is formed by a combination of multiple trend lines 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.42 to 5.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.59 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 | UP | POSITIVE | The long term trend for MFM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MFM is up. |
| ChartMill Relative Strength | 47.52 | NEUTRAL | MFM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MFM is above the rising 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) | UP | POSITIVE | The current price of MFM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.4 | NEUTRAL | The RSI value for MFM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MFM has a negative trend. |
| Stochastics (14,3) | 69.83 | NEUTRAL | The Stochastics value for MFM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for MFM suggests low volalility. |
| Average Directional Index/ADX (14) | 27.76 | POSITIVE | The high ADX value value for MFM suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.45 | 5.38 | 0.07 (1.28%) | 25.00% |
| An entry @5.45. This is a Buy Stop order right above the resistance zone. | An exit @5.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.07 points, which is 1.28%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MFM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.41
-0.03 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.55%
1 Week0.37%
2 Weeks0.19%
1 Month2.08%
3 Month6.81%
6 Month5.05%
12 Month-1.81%
2 Year22.12%
3 Year13.42%
5 Year-14.26%
10 Year-17.15%
15 Year-25.17%
Volatility
ATR(14)0.06
ATR(20)%1.12%
ATR Inc-40.05%
Range Today0.02
ADR(20)0.06
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.52
3 months CRS71.09
6 months CRS39.21
Mansfield-0.87
10 Day High5.48
10 Day Low5.35
20 Day High5.48
20 Day Low5.29
52 Week High5.72
52 Week Low4.94
CS1 End5.4
CR1 Start5.42
Volume & EV
DER(3)-1.33%
DER(5)0.76%
Volume88.20K
Volume Incr-12.94%
Vol(5)90.12K
Vol(50)122.13K