PIONEER MUNI HIGH INC OPP (MIO) Stock Technical Analysis
NYSE:MIO • US7237601049
Overall MIO gets a technical rating of 0 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, MIO is a bad performer in the overall market: 79% of all stocks are doing better.
- MIO 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 MIO has a been trading in a tight range between 11.29 and 11.51.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, MIO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
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.
We can see 4 important resistance areas.
- 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 current trend direction of PIONEER MUNI HIGH INC OPP (MIO) stock?
The current trend direction for PIONEER MUNI HIGH INC OPP (MIO) is Bearish.
What is the RSI signal for MIO stock?
PIONEER MUNI HIGH INC OPP (MIO) has an RSI value of 42.3002. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PIONEER MUNI HIGH INC OPP?
The MACD indicator for PIONEER MUNI HIGH INC OPP (MIO) has a value of 0.0144578, indicating a bearish trend.
What are the support and resistance levels for PIONEER MUNI HIGH INC OPP (MIO) stock?
PIONEER MUNI HIGH INC OPP (MIO) has a support level at 11.15 and a resistance level at 11.4. Check the full technical report for our detailed analysis of MIO support and resistance levels.