WESTERN ASSET MANAGED MUNICI (MMU) Technical Analysis
NYSE:MMU • US95766M1053
Current stock price
MMU Technical Rating and Analysis
Overall MMU gets a technical rating of 5 out of 10. MMU has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- MMU is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MMU is lagging the market slightly.
- When comparing the performance of all stocks over the past year, MMU turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- In the last month MMU has a been trading in a tight range between 9.93 and 10.52.
MMU Weekly and Daily overview Charts
MMU Setup Rating and Analysis
MMU has an average technical rating and the quality of the presented setup is also 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
MMU Support and Resistance Analysis
9.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.27 to 10.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.78 to 9.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.67 to 10.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.92 from a horizontal line in the weekly time frame.
MMU Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for MMU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMU is up. |
| ChartMill Relative Strength | 42.53 | NEUTRAL | MMU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MMU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MMU is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MMU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.5 | NEUTRAL | The RSI value for MMU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MMU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.09 | OVERBOUGHT | The high Stochastics value suggests MMU may be overbought. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for MMU suggests low volalility. |
| Average Directional Index/ADX (14) | 23.19 | NEUTRAL | The ADX value for MMU suggests a possible start of a new trend. |
MMU Chart- and CandleStick Pattern Analysis
MMU Technicals: Chart, Performance Metrics, Trend & Indicators
10.51
+0.04 (+0.38%)
WESTERN ASSET MANAGED MUNICI / MMU TA FAQ
What is the technical rating for MMU stock?
ChartMill assigns a technical rating of 5 / 10 to MMU.
Can you provide the trend direction for WESTERN ASSET MANAGED MUNICI?
The current trend direction for WESTERN ASSET MANAGED MUNICI (MMU) is Bearish.
What is the RSI signal for MMU stock?
WESTERN ASSET MANAGED MUNICI (MMU) has an RSI value of 57.496. This indicates that the stock is currently neutral.
Can you provide the MACD signal for WESTERN ASSET MANAGED MUNICI?
The MACD indicator for WESTERN ASSET MANAGED MUNICI (MMU) has a value of 0.0435456, indicating a bearish trend.