PIONEER MUNI HIGH INC TR (MHI) Stock Technical Analysis
USA - NYSE:MHI - US7237631087
Overall MHI gets a technical rating of 1 out of 10. MHI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, MHI does present a nice setup opportunity. 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
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.
2 important resistance areas can be observed.
- 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.
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. |
8.945
+0.04 (+0.51%)
PIONEER MUNI HIGH INC TR / MHI FAQ
What is the technical rating for MHI stock?
ChartMill assigns a technical rating of 1 / 10 to MHI.
What is the trend direction for 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 short term momentum for PIONEER MUNI HIGH INC TR (MHI) stock?
The short term momentum for PIONEER MUNI HIGH INC TR (MHI) is negative.
Can you provide the support and resistance levels for PIONEER MUNI HIGH INC TR?
PIONEER MUNI HIGH INC TR (MHI) has a support level at 8.93 and a resistance level at 9.02. Check the full technical report for our detailed analysis of MHI support and resistance levels.