WESTERN ASSET MUNICIPAL HIGH (MHF) Stock Technical Analysis
NYSE:MHF - New York Stock Exchange, Inc. - US95766N1037 - Currency: USD
Overall MHF gets a technical rating of 0 out of 10. MHF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, MHF is a bad performer in the overall market: 79% of all stocks are doing better.
MHF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MHF has a been trading in the 6.61 - 7.19 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
The technical rating of MHF 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
6.59
7.79
When analyzing the support we notice one important area.
- A support zone ranging from 6.66 to 6.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.92 to 7.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.20 from a horizontal line in the daily time frame.
- Resistance @7.51 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.65 to 7.71. 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 MHF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MHF is down. |
| ChartMill Relative Strength | 21.55 | NEGATIVE | MHF has a low relative strength, it was outperformed by 78.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MHF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MHF is below a declining 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) | 30.5 | NEUTRAL | The RSI value for MHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests MHF has a negative trend. |
| Stochastics (14,3) | 11.22 | OVERSOLD | The low Stochastics value suggests MHF may be oversold. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for MHF suggests low volalility. |
| Average Directional Index/ADX (14) | 27.71 | 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)
6.67
-0.01 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.15%
1 Week-1.91%
2 Weeks-6.32%
1 Month-2.91%
3 Month-5.39%
6 Month-4.85%
12 Month-4.58%
2 Year2.3%
3 Year-2.2%
5 Year-9.13%
10 Year-7.62%
15 Year-15.25%
Volatility
ATR(14)0.1
ATR(20)%1.6%
ATR Inc3.93%
Range Today0.11
ADR(20)0.11
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.55
Mansfield-1.47
10 Day High7.08
10 Day Low6.61
20 Day High7.19
20 Day Low6.61
52 Week High7.83
52 Week Low6.61
CS1 End6.66
CR1 Start6.92
Volume & EV
DER(3)1.86%
DER(5)-2.59%
Volume160.30K
Volume Incr98.87%
Vol(5)135.86K
Vol(50)63.29K