PUTNAM MUNICIPAL OPPOR (PMO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PMO - US7469221037
Overall PMO gets a technical rating of 3 out of 10. PMO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
PMO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 10.26, a Stop Loss order could be placed below this zone.
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9.36
4 important support areas can be observed.
- A support zone ranging from 10.20 to 10.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.03 from a trend line in the daily time frame.
- A support zone ranging from 9.74 to 9.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.45 to 9.55. 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 10.35 to 10.47. 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 10.76 to 10.94. 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 PMO is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMO is down. |
| ChartMill Relative Strength | 60.62 | NEUTRAL | PMO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PMO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.53 | NEUTRAL | The RSI value for PMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PMO has a negative trend. |
| Stochastics (14,3) | 18.21 | OVERSOLD | The low Stochastics value suggests PMO may be oversold. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for PMO suggests low volalility. |
| Average Directional Index/ADX (14) | 24.46 | NEUTRAL | The ADX value for PMO suggests a possible start of a new trend. |
10.305
+0.02 (+0.15%)
PUTNAM MUNICIPAL OPPOR / PMO FAQ
What is the ChartMill technical rating of PUTNAM MUNICIPAL OPPOR (PMO) stock?
ChartMill assigns a technical rating of 3 / 10 to PMO.
Can you provide the trend direction for PUTNAM MUNICIPAL OPPOR?
The current trend direction for PUTNAM MUNICIPAL OPPOR (PMO) is Bullish.
Can you provide the RSI signal for PUTNAM MUNICIPAL OPPOR?
PUTNAM MUNICIPAL OPPOR (PMO) has an RSI value of 42.5284. This indicates that the stock is currently neutral.
What is the buy/sell signal for PUTNAM MUNICIPAL OPPOR (PMO) stock?
The buy/sell signal for PUTNAM MUNICIPAL OPPOR (PMO) is hold as the short term and long term trends are mixed.
What is the support and resistance level for PMO stock?
PUTNAM MUNICIPAL OPPOR (PMO) has a support level at 10.26 and a resistance level at 10.35. Check the full technical report for our detailed analysis of PMO support and resistance levels.