NYLI MACKAY MUNI INTRM ETF (MMIT) Stock Technical Analysis
NYSEARCA:MMIT - NYSE Arca - US45409F8279 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to MMIT. MMIT 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, MMIT 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 23.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MMIT 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
23.04
We found 1 important support area.
- A support zone ranging from 23.27 to 23.77. 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 23.79 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 | NEUTRAL | NEUTRAL | The short term trend for MMIT is neutral. |
| ChartMill Relative Strength | 30.36 | NEUTRAL | MMIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MMIT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MMIT is above a declining 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) | 48.53 | NEUTRAL | The RSI value for MMIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests MMIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.77 | NEUTRAL | The Stochastics value for MMIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for MMIT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.99 | NEGATIVE | The low ADX value for MMIT suggests a weak or negative trend. |
NYSEARCA:MMIT (7/31/2025, 9:43:42 AM)
23.77
+0.03 (+0.13%)