ISHARES NATIONAL MUNI BOND E (MUB) Stock Technical Analysis
NYSEARCA:MUB - NYSE Arca - US4642884146 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to MUB. MUB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
69% of all other stocks performed better in the past year than MUB.
MUB has an average volume of 5695450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MUB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MUB is lagging the market slightly.
In the last month MUB has a been trading in a tight range between 103.14 and 104.33.
Although the technical rating is bad, MUB 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 104.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MUB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
100.21
109.79
We found 1 important support area.
- A support zone ranging from 101.22 to 104.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 104.51 to 104.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 106.64 to 108.70. 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 | DOWN | NEGATIVE | The long term trend for MUB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MUB is neutral. |
| ChartMill Relative Strength | 31.56 | NEUTRAL | MUB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MUB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MUB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MUB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.4 | NEUTRAL | The RSI value for MUB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests MUB has a positive trend. |
| Stochastics (14,3) | 74.21 | NEUTRAL | The Stochastics value for MUB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for MUB suggests low volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for MUB suggests a weak or negative 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)
104.11
+0.24 (+0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.23%
1 Week0.47%
2 Weeks0.84%
1 Month-0.15%
3 Month-0.13%
6 Month-2.28%
12 Month-3.83%
2 Year-1.28%
3 Year-1.54%
5 Year-10.23%
10 Year-4.35%
15 Year-2.81%
Volatility
ATR(14)0.29
ATR(20)%0.26%
ATR Inc-6.73%
Range Today0.23
ADR(20)0.25
ADR(20)%0.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.56
Mansfield-0.82
10 Day High104.17
10 Day Low103.34
20 Day High104.33
20 Day Low103.14
52 Week High108.81
52 Week Low100.29
CS1 End104.04
CR1 Start104.51
Volume & EV
DER(3)2.31%
DER(5)4.25%
Volume7.06M
Volume Incr26.35%
Vol(5)6.86M
Vol(50)5.70M