WESTERN ASSET MUNICIPAL PART (MNP) Stock Technical Analysis
NYSE:MNP - US95766P1084
10.58 USD
+0.02 (+0.19%)
We assign a technical rating of 1 out of 10 to MNP. 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 comparing the performance of all stocks over the past year, MNP turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
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.
Although the technical rating is bad, MNP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
10.33
13.24
When analyzing the support we notice one important 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.
We can see 5 important resistance 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.
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. |
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)
NYSE:MNP (10/13/2023, 8:07:39 PM)
10.58
+0.02 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.19%
1 Week1.34%
2 Weeks0%
1 Month-4.17%
3 Month-10.49%
6 Month-12.27%
12 Month-5.79%
2 Year-31.43%
3 Year-24.7%
5 Year-20.63%
10 Year-23.44%
15 Year6.01%
Volatility
ATR(14)0.11
ATR(20)%0.99%
ATR Inc-24.98%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.67
Mansfield-1.31
10 Day High10.68
10 Day Low10.35
20 Day High11.1
20 Day Low10.35
52 Week High12.99
52 Week Low10.35
CS1 End10.54
CR1 Start10.69
Volume & EV
DER(3)0.12%
DER(5)1.17%
Volume23.70K
Volume Incr-2.73%
Vol(5)25.66K
Vol(50)23.84K