Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
B 5.27 -0.19% -0.01
MFM closed down 0.38 percent on Friday, May 17, 2024, on 56 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Flat

Date Alert Name Type % Chg
Bearish Engulfing Bearish -0.19%
Overbought Stochastic Strength -0.19%
New Uptrend Bullish -0.57%
180 Bullish Setup Bullish Swing Setup -0.57%
Stochastic Reached Overbought Strength -0.57%
Gapped Up Strength -0.57%
Overbought Stochastic Strength -0.57%
Up 3 Days in a Row Strength -0.57%
NR7 Range Contraction 0.19%
Narrow Range Bar Range Contraction 0.19%

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Profile

MFS Municipal Income Trust operates as a nondiversified and closed-end management investment company. The fund primarily invests in municipal bonds and high-yield securities. Its portfolio of investments include companies operating in various sectors, such as airport and port, chemicals, healthcare, human services, environmental services, entertainment and tourism, multifamily housing, single family housing, tobacco, transportation, utilities, paper, and metals sectors. Massachusetts Financial Services Company serves as investment advisor of the trust. The trust was founded in 1986 and is based in Boston, Massachusetts.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Chemical Municipal Bond Income Trust Tourism Environmental Services Mfs Investment Management Human Services

Is MFM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 5.4161
52 Week Low 4.2575
Average Volume 74,241
200-Day Moving Average 4.95
50-Day Moving Average 5.19
20-Day Moving Average 5.16
10-Day Moving Average 5.25
Average True Range 0.05
RSI (14) 63.77
ADX 27.49
+DI 33.66
-DI 12.71
Chandelier Exit (Long, 3 ATRs) 5.17
Chandelier Exit (Short, 3 ATRs) 5.18
Upper Bollinger Bands 5.34
Lower Bollinger Band 4.98
Percent B (%b) 0.82
BandWidth 7.08
MACD Line 0.04
MACD Signal Line 0.02
MACD Histogram 0.019
Fundamentals Value
Market Cap 217.47 Million
Num Shares 41.2 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 176.00
Price-to-Sales 13.11
Price-to-Book 1.00
PEG Ratio 0.00
Dividend 0.22
Dividend Yield 4.17%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.36
Resistance 3 (R3) 5.36 5.34 5.34
Resistance 2 (R2) 5.34 5.32 5.34 5.34
Resistance 1 (R1) 5.31 5.31 5.30 5.31 5.33
Pivot Point 5.29 5.29 5.29 5.29 5.29
Support 1 (S1) 5.26 5.27 5.25 5.26 5.23
Support 2 (S2) 5.24 5.26 5.24 5.22
Support 3 (S3) 5.21 5.24 5.22
Support 4 (S4) 5.21