Overall MMIT gets a technical rating of 7 out of 10. Although MMIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
MMIT has an excellent technical rating and also presents a decent setup pattern. 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 24.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.35, a Stop Loss order could be placed below this zone.
More info and screens
23.13
We found 2 important support areas.
- A support zone ranging from 23.91 to 24.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.36 to 23.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 24.38 to 24.47. 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 | 46.47 | 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) | 56.14 | 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. |
| Stochastics (14,3) | 73.54 | NEUTRAL | The Stochastics value for MMIT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for MMIT suggests low volalility. |
| Average Directional Index/ADX (14) | 13.52 | NEGATIVE | The low ADX value for MMIT suggests a weak or negative 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 |
|---|---|---|---|
| 24.48 | 24.26 | 0.22 (0.90%) | 25.00% |
| An entry @24.48. This is a Buy Stop order right above the resistance zone. | An exit @24.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 0.90%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.22%. |
- 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.
24.37
+0.03 (+0.12%)
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.
What is the current trend direction of NYLI MACKAY MUNI INTRM ETF (MMIT) stock?
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 56.1395. This indicates that the stock is currently neutral.
What is the MACD signal for MMIT stock?
The MACD indicator for NYLI MACKAY MUNI INTRM ETF (MMIT) has a value of 0.00454342, indicating a bearish trend.
What is the short term momentum for MMIT stock?
The short term momentum for NYLI MACKAY MUNI INTRM ETF (MMIT) is positive.