NYLI MACKAY MUNI INTRM ETF (MMIT) Stock Technical Analysis
NYSEARCA:MMIT - NYSE Arca - US45409F8279 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to MMIT. Recently some decent action could be observed, but in the medium term time frame this is still negative. MMIT was also a bad performer in the overall market in the last year.
MMIT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
23.04
When analyzing the support we notice one important area.
- A support zone ranging from 23.27 to 23.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.87 to 24.62. 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 MMIT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMIT is up. |
| ChartMill Relative Strength | 35.87 | NEUTRAL | MMIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MMIT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.91 | NEUTRAL | The RSI value for MMIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MMIT has a positive trend. |
| Stochastics (14,3) | 88.85 | OVERBOUGHT | The high Stochastics value suggests MMIT may be overbought. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for MMIT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.48 | NEUTRAL | The ADX value for MMIT suggests a possible start of a new trend. |
NYSEARCA:MMIT (6/26/2025, 3:23:40 PM)
23.82
-0.01 (-0.04%)