PIONEER MUNI HIGH INC OPP (MIO) Stock Technical Analysis
USA - NYSE:MIO - US7237601049
Taking everything into account, MIO scores 0 out of 10 in our technical rating. MIO'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.
Although the technical rating is bad, MIO 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 11.40. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MIO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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10.91
When analyzing the support we notice one important area.
- A support zone ranging from 11.02 to 11.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.40 to 11.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.81 to 11.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.23 to 12.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.50 to 12.55. 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 MIO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MIO is down. |
| ChartMill Relative Strength | 21.39 | NEGATIVE | MIO has a low relative strength, it was outperformed by 78.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MIO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MIO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MIO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.3 | NEUTRAL | The RSI value for MIO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MIO has a positive trend. |
| Stochastics (14,3) | 32.5 | NEUTRAL | The Stochastics value for MIO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.44 | LOW VOLATILITY | The low ATR as a percentage value for MIO suggests low volalility. |
| Average Directional Index/ADX (14) | 36.68 | POSITIVE | The high ADX value value for MIO suggests a strong trend. |
11.385
+0.04 (+0.31%)
PIONEER MUNI HIGH INC OPP / MIO FAQ
What is the ChartMill technical rating of PIONEER MUNI HIGH INC OPP (MIO) stock?
ChartMill assigns a technical rating of 0 / 10 to MIO.
What is the trend direction for MIO stock?
The current trend direction for PIONEER MUNI HIGH INC OPP (MIO) is Bearish.
What is the RSI signal for PIONEER MUNI HIGH INC OPP (MIO) stock?
PIONEER MUNI HIGH INC OPP (MIO) has an RSI value of 42.3002. This indicates that the stock is currently neutral.
What is the MACD signal for MIO stock?
The MACD indicator for PIONEER MUNI HIGH INC OPP (MIO) has a value of 0.0144578, indicating a bearish trend.
What is the short term momentum for MIO stock?
The short term momentum for PIONEER MUNI HIGH INC OPP (MIO) is negative.