WESTERN ASSET MUNICIPAL HIGH (MHF) Stock Technical Analysis
NYSE:MHF - New York Stock Exchange, Inc. - US95766N1037 - Currency: USD
Taking everything into account, MHF scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. MHF was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, MHF is a bad performer in the overall market: 69% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
MHF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MHF is lagging the market.
In the last month MHF has a been trading in a tight range between 6.82 and 7.17.
Volume is considerably higher in the last couple of days.
MHF has an average technical rating and it also does not offer a high 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
6.67
7.91
We found 1 important support area.
- A support zone ranging from 6.74 to 7.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @7.17 from a trend line in the daily time frame.
- Resistance @7.30 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.65 to 7.83. 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 | NEUTRAL | NEUTRAL | The long term trend for MHF is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MHF is up. |
| ChartMill Relative Strength | 31.28 | NEUTRAL | MHF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MHF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MHF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MHF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.91 | NEUTRAL | The RSI value for MHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MHF has a positive trend. |
| Stochastics (14,3) | 87.83 | OVERBOUGHT | The high Stochastics value suggests MHF may be overbought. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for MHF suggests low volalility. |
| Average Directional Index/ADX (14) | 26.79 | POSITIVE | The high ADX value value for MHF 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)
NYSE:MHF (7/3/2025, 7:49:46 PM)
7.16
+0.07 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.99%
1 Week4.53%
2 Weeks3.17%
1 Month3.32%
3 Month-2.19%
6 Month3.32%
12 Month3.92%
2 Year9.82%
3 Year4.99%
5 Year-2.45%
10 Year-0.83%
15 Year-9.02%
Volatility
ATR(14)0.09
ATR(20)%1.12%
ATR Inc48.47%
Range Today0.08
ADR(20)0.08
ADR(20)%1.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.28
Mansfield-0.79
10 Day High7.18
10 Day Low6.82
20 Day High7.18
20 Day Low6.82
52 Week High7.83
52 Week Low6.69
CS1 End6.83
CR1 Start7.05
Volume & EV
DER(3)4.72%
DER(5)3.7%
Volume15.30K
Volume Incr87.64%
Vol(5)103.54K
Vol(50)52.68K