PUTNAM MGD MUNI INC TR (PMM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PMM - US7468231037
Overall PMM gets a technical rating of 6 out of 10. In the last year, PMM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PMM has an average technical rating and also the quality of the setup is only medium 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.
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5.68
2 important support areas can be observed.
- A support zone ranging from 5.99 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.74 to 5.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.32 to 6.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.55 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 | NEUTRAL | NEUTRAL | The long term trend for PMM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMM is up. |
| ChartMill Relative Strength | 53.88 | NEUTRAL | PMM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PMM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PMM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.49 | NEUTRAL | The RSI value for PMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PMM has a positive trend. |
| Stochastics (14,3) | 82.35 | OVERBOUGHT | The high Stochastics value suggests PMM may be overbought. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for PMM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.7 | NEGATIVE | The low ADX value for PMM suggests a weak or negative trend. |
6.26
-0.08 (-1.26%)
PUTNAM MGD MUNI INC TR / PMM FAQ
What is the technical rating for PMM stock?
ChartMill assigns a technical rating of 6 / 10 to PMM.
What is the current trend direction of PUTNAM MGD MUNI INC TR (PMM) stock?
The current trend direction for PUTNAM MGD MUNI INC TR (PMM) is Bearish.
Can you provide the RSI signal for PUTNAM MGD MUNI INC TR?
PUTNAM MGD MUNI INC TR (PMM) has an RSI value of 63.4915. This indicates that the stock is currently neutral.
What is the MACD signal for PMM stock?
The MACD indicator for PUTNAM MGD MUNI INC TR (PMM) has a value of 0.0209105, indicating a bearish trend.