WESTERN ASSET MUNICIPAL PART (MNP) Technical Analysis
NYSE:MNP • US95766P1084
Current stock price
MNP Technical Rating and Analysis
Taking everything into account, MNP scores 1 out of 10 in our technical rating. MNP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- MNP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MNP is lagging the market.
- Warning: MNP has an average volume of 23844 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When compared to the yearly performance of all other stocks, MNP outperforms 41% of them, which is more or less in line with the market.
- In the last month MNP has a been trading in the 10.35 - 11.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MNP Weekly and Daily overview Charts
MNP Setup Rating and Analysis
MNP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 10.54, a Stop Loss order could be placed below this zone.
More info and screens
MNP Support and Resistance Analysis
10.33
We found 1 important support area.
- A support zone ranging from 10.43 to 10.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 10.69 to 10.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 11.33 to 11.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.76 to 11.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.23 to 12.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.11 from a horizontal line in the weekly time frame.
MNP 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 | DOWN | NEGATIVE | The long term trend for MNP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MNP is down. |
| ChartMill Relative Strength | 41.67 | NEUTRAL | MNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MNP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MNP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MNP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.22 | NEUTRAL | The RSI value for MNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MNP has a positive trend. |
| Stochastics (14,3) | 43.22 | NEUTRAL | The Stochastics value for MNP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.99 | LOW VOLATILITY | The low ATR as a percentage value for MNP suggests low volalility. |
| Average Directional Index/ADX (14) | 53.56 | POSITIVE | The high ADX value value for MNP suggests a strong trend. |
MNP Chart- and CandleStick Pattern Analysis
MNP Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:MNP (10/13/2023, 8:07:39 PM)
10.58
+0.02 (+0.19%)
WESTERN ASSET MUNICIPAL PART / MNP TA FAQ
Can you provide the ChartMill technical rating for WESTERN ASSET MUNICIPAL PART?
ChartMill assigns a technical rating of 1 / 10 to MNP.
What is the trend direction for MNP stock?
The current trend direction for WESTERN ASSET MUNICIPAL PART (MNP) is Bearish.
What is the RSI signal for WESTERN ASSET MUNICIPAL PART (MNP) stock?
WESTERN ASSET MUNICIPAL PART (MNP) has an RSI value of 36.2214. This indicates that the stock is currently neutral.
What is the MACD signal for MNP stock?
The MACD indicator for WESTERN ASSET MUNICIPAL PART (MNP) has a value of 0.0216092, indicating a bearish trend.
What is the short term momentum for MNP stock?
The short term momentum for WESTERN ASSET MUNICIPAL PART (MNP) is negative.