NYLI MACKAY MUNI INTRM ETF (MMIT) Stock Technical Analysis
NYSEARCA:MMIT • US45409F8279
Taking everything into account, MMIT scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MMIT is only an average performer.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by MMIT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- When compared to the yearly performance of all other stocks, MMIT outperforms 41% of them, which is more or less in line with the market.
- In the last month MMIT has a been trading in a tight range between 24.46 and 24.72.
Although MMIT has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.13
We found 1 important support area.
- A support zone ranging from 23.36 to 24.64. 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 24.71 to 24.71. 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 | UP | POSITIVE | The long term trend for MMIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMIT is up. |
| ChartMill Relative Strength | 41.59 | 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) | UP | POSITIVE | The current price of MMIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.18 | OVERBOUGHT | The high RSI value suggests MMIT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests MMIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.55 | OVERBOUGHT | The high Stochastics value suggests MMIT may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for MMIT suggests low volalility. |
| Average Directional Index/ADX (14) | 48.09 | POSITIVE | The high ADX value value for MMIT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.72 | 24.54 | 0.18 (0.71%) | 25.00% |
| An entry @24.72. This is a Buy Stop order right above the resistance zone. | An exit @24.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 0.71%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.7
+0.01 (+0.04%)
NYLI MACKAY MUNI INTRM ETF / MMIT FAQ
Can you provide the ChartMill technical rating for NYLI MACKAY MUNI INTRM ETF?
ChartMill assigns a technical rating of 7 / 10 to MMIT.
Can you provide the trend direction for NYLI MACKAY MUNI INTRM ETF?
The current trend direction for NYLI MACKAY MUNI INTRM ETF (MMIT) is Bullish.
Can you provide the RSI signal for NYLI MACKAY MUNI INTRM ETF?
NYLI MACKAY MUNI INTRM ETF (MMIT) has an RSI value of 77.1769. This indicates that the stock is currently overbought.
What is the MACD signal for NYLI MACKAY MUNI INTRM ETF (MMIT) stock?
The MACD indicator for NYLI MACKAY MUNI INTRM ETF (MMIT) has a value of 0.00999976, indicating a bearish trend.
What is the buy/sell signal for NYLI MACKAY MUNI INTRM ETF (MMIT) stock?
The buy/sell signal for NYLI MACKAY MUNI INTRM ETF (MMIT) is buy as both the short term and long term trends are positive.