PIONEER MUNI HIGH INC TR (MHI) Technical Analysis
NYSE:MHI • US7237631087
Current stock price
MHI Technical Rating and Analysis
Overall MHI gets a technical rating of 1 out of 10. MHI'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.
- 76% of all other stocks performed better in the past year than MHI.
- MHI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MHI is lagging the market.
- In the last month MHI has a been trading in a tight range between 8.86 and 9.03.
- Considerably lower volume is observed in the last couple of days.
MHI Weekly and Daily overview Charts
MHI Setup Rating and Analysis
MHI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.93, a Stop Loss order could be placed below this zone.
More info and screens
MHI Support and Resistance Analysis
8.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.86 to 8.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.52 to 8.64. 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 9.02 to 9.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.48 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
MHI 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 | DOWN | NEGATIVE | The long term trend for MHI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MHI is down. |
| ChartMill Relative Strength | 24.17 | NEGATIVE | MHI has a low relative strength, it was outperformed by 75.83% 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) | DOWN | NEGATIVE | The current price of MHI is below a declining 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) | 48.96 | NEUTRAL | The RSI value for MHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MHI has a positive trend. |
| Stochastics (14,3) | 30.15 | NEUTRAL | The Stochastics value for MHI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.42 | LOW VOLATILITY | The low ATR as a percentage value for MHI suggests low volalility. |
| Average Directional Index/ADX (14) | 17.11 | NEGATIVE | The low ADX value for MHI suggests a weak or negative trend. |
MHI Chart- and CandleStick Pattern Analysis
MHI Technicals: Chart, Performance Metrics, Trend & Indicators
8.945
+0.04 (+0.51%)
PIONEER MUNI HIGH INC TR / MHI TA FAQ
What is the technical rating for MHI stock?
ChartMill assigns a technical rating of 1 / 10 to MHI.
What is the current trend direction of PIONEER MUNI HIGH INC TR (MHI) stock?
The current trend direction for PIONEER MUNI HIGH INC TR (MHI) is Bearish.
What is the RSI signal for MHI stock?
PIONEER MUNI HIGH INC TR (MHI) has an RSI value of 48.9619. This indicates that the stock is currently neutral.
What is the MACD signal for MHI stock?
The MACD indicator for PIONEER MUNI HIGH INC TR (MHI) has a value of 0.00608057, indicating a bearish trend.
What is the buy/sell signal for MHI stock?
The buy/sell signal for PIONEER MUNI HIGH INC TR (MHI) is sell as both the short term and long term trends are negative.