WESTERN ASSET MANAGED MUNICI (MMU) Stock Technical Analysis
USA - NYSE:MMU - US95766M1053
10.355 USD
0 (-0.05%)
10.34 USD
-0.02 (-0.14%)
Overall MMU gets a technical rating of 5 out of 10. Although MMU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, MMU is a bad performer in the overall market: 66% of all stocks are doing better.
The long and short term trends are both positive. This is looking good!
MMU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MMU is lagging the market.
In the last month MMU has a been trading in a tight range between 10.29 and 10.65.
Although the technical rating is only medium, MMU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
9.46
11.07
We found 3 important support areas.
- A support zone ranging from 10.06 to 10.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.82 from a horizontal line in the daily time frame.
- A support zone ranging from 9.56 to 9.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.36 to 10.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.67 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 10.93 to 10.96. 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 MMU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MMU is up. |
| ChartMill Relative Strength | 34.18 | NEUTRAL | MMU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MMU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MMU is above the rising 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) | 61.78 | NEUTRAL | The RSI value for MMU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests MMU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.59 | OVERSOLD | The low Stochastics value suggests MMU may be oversold. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for MMU suggests low volalility. |
| Average Directional Index/ADX (14) | 42.29 | POSITIVE | The high ADX value value for MMU suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.355
0 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week-0.1%
2 Weeks0.29%
1 Month-0.1%
3 Month3.6%
6 Month8.14%
12 Month-5.04%
2 Year18.13%
3 Year9.17%
5 Year-14.94%
10 Year-27.55%
15 Year-19.5%
Volatility
ATR(14)0.08
ATR(20)%0.7%
ATR Inc-36.49%
Range Today0.11
ADR(20)0.07
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.18
Mansfield-0.92
10 Day High10.65
10 Day Low10.29
20 Day High10.65
20 Day Low10.29
52 Week High10.91
52 Week Low9.46
CS1 End10.16
CR1 Start10.36
Volume & EV
DER(3)-0.53%
DER(5)-2.89%
Volume119.29K
Volume Incr-13.62%
Vol(5)138.61K
Vol(50)163.00K