WESTERN ASSET MUNICIPAL HIGH (MHF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:MHF - US95766N1037
Taking everything into account, MHF scores 0 out of 10 in our technical rating. MHF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MHF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.86, a Stop Loss order could be placed below this zone.
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6.52
When analyzing the support we notice one important area.
- A support zone ranging from 6.59 to 6.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.89 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.25 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.64 to 7.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
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 | 33.19 | NEUTRAL | MHF is not amongst the best or worst performers 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) | 44.15 | NEUTRAL | The RSI value for MHF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MHF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.54 | OVERSOLD | The low Stochastics value suggests MHF may be oversold. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for MHF suggests low volalility. |
| Average Directional Index/ADX (14) | 11.83 | NEGATIVE | The low ADX value for MHF suggests a weak or negative trend. |
6.88
-0.01 (-0.15%)
WESTERN ASSET MUNICIPAL HIGH / MHF FAQ
What is the ChartMill technical rating of WESTERN ASSET MUNICIPAL HIGH (MHF) stock?
ChartMill assigns a technical rating of 0 / 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 MHF stock?
WESTERN ASSET MUNICIPAL HIGH (MHF) has an RSI value of 44.1548. This indicates that the stock is currently neutral.
What is the short term momentum for MHF stock?
The short term momentum for WESTERN ASSET MUNICIPAL HIGH (MHF) is negative.
What are the support and resistance levels for WESTERN ASSET MUNICIPAL HIGH (MHF) stock?
WESTERN ASSET MUNICIPAL HIGH (MHF) has a support level at 6.86 and a resistance level at 6.89. Check the full technical report for our detailed analysis of MHF support and resistance levels.