PIONEER MUNI HIGH INC TR (MHI) Stock Technical Analysis
NYSE:MHI - New York Stock Exchange, Inc. - US7237631087 - Currency: USD
Overall MHI gets a technical rating of 4 out of 10. In the past year, MHI 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.
Although the technical rating is only medium, MHI 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 9.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.15, a Stop Loss order could be placed below this zone.
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8.43
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.08 to 9.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.90 from a trend line in the weekly time frame.
- A support zone ranging from 8.52 to 8.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.27 to 9.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 9.55 to 9.70. 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 MHI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MHI is up. |
| ChartMill Relative Strength | 29.78 | NEGATIVE | MHI has a low relative strength, it was outperformed by 70.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MHI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MHI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MHI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.83 | NEUTRAL | The RSI value for MHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MHI has a positive trend. |
| Stochastics (14,3) | 58.49 | NEUTRAL | The Stochastics value for MHI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for MHI suggests low volalility. |
| Average Directional Index/ADX (14) | 33.19 | POSITIVE | The high ADX value value for MHI suggests a strong trend. |
NYSE:MHI (7/1/2025, 8:48:16 PM)
9.17
+0.01 (+0.11%)