WESTERN ASSET MUNICIPAL HIGH (MHF) Technical Analysis
NYSE:MHF • US95766N1037
Overall MHF gets a technical rating of 1 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 73% of all other stocks performed better in the past year than MHF.
- MHF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month MHF has a been trading in a tight range between 6.86 and 7.05.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MHF does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.95, a Stop Loss order could be placed below this zone.
More info and screens
6.52
When analyzing the support we notice one important area.
- A support zone ranging from 6.59 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.96 to 7.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.25 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.
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 | NEUTRAL | NEUTRAL | The short term trend for MHF is neutral. |
| ChartMill Relative Strength | 27.86 | NEGATIVE | MHF has a low relative strength, it was outperformed by 72.14% 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) | 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) | 50.45 | 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) | 41.38 | NEUTRAL | The Stochastics value for MHF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for MHF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for MHF suggests a weak or negative trend. |
MHF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MHF (3/10/2026, 8:04:00 PM)
6.96
+0.01 (+0.22%)
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 1 / 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 50.4547. 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 neutral.
What are the support and resistance levels for WESTERN ASSET MUNICIPAL HIGH (MHF) stock?
WESTERN ASSET MUNICIPAL HIGH (MHF) has a support level at 6.95 and a resistance level at 6.96. Check the full technical report for our detailed analysis of MHF support and resistance levels.