WESTERN ASSET MUNICIPAL HIGH (MHF) Technical Analysis
NYSE:MHF • US95766N1037
Current stock price
MHF Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to MHF. In the past year, MHF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, MHF is a bad performer in the overall market: 70% 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 6.63 and 7.03.
MHF Weekly and Daily overview Charts
MHF Setup Rating and Analysis
Although the technical rating is only medium, MHF does present a nice setup opportunity. 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 7.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.91, a Stop Loss order could be placed below this zone.
More info and screens
MHF Support and Resistance Analysis
6.52
We found 2 important support areas.
- A support zone ranging from 6.81 to 6.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.59 to 6.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @7.06 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.64 to 7.64. This zone is formed by a combination of multiple trend lines in the weekly time frame.
MHF Technical Indicator Signal Analysis
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 | 30.92 | 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) | UP | MIXED | The current price of MHF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for MHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MHF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.32 | NEUTRAL | The Stochastics value for MHF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.44 | LOW VOLATILITY | The low ATR as a percentage value for MHF suggests low volalility. |
| Average Directional Index/ADX (14) | 21.3 | NEUTRAL | The ADX value for MHF suggests a possible start of a new trend. |
MHF Chart- and CandleStick Pattern Analysis
MHF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MHF (4/14/2026, 12:16:21 PM)
6.96
+0.02 (+0.29%)
WESTERN ASSET MUNICIPAL HIGH / MHF TA FAQ
What is the ChartMill technical rating of WESTERN ASSET MUNICIPAL HIGH (MHF) stock?
ChartMill assigns a technical rating of 4 / 10 to MHF.
What is the current trend direction of WESTERN ASSET MUNICIPAL HIGH (MHF) stock?
The current trend direction for WESTERN ASSET MUNICIPAL HIGH (MHF) is Bearish.
What is the RSI signal for WESTERN ASSET MUNICIPAL HIGH (MHF) stock?
WESTERN ASSET MUNICIPAL HIGH (MHF) has an RSI value of 56.4419. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WESTERN ASSET MUNICIPAL HIGH?
The short term momentum for WESTERN ASSET MUNICIPAL HIGH (MHF) is positive.