Technical Analysis for CMU - MFS Municipal Income Trust

Grade Last Price % Change Price Change
A 3.31 -0.45% -0.02
CMU closed down 0.45 percent on Wednesday, May 8, 2024, on 1.45 times normal volume. The bulls were able to push the stock to a new 52-week high. 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 Up

Date Alert Name Type % Chg
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Centerline Cross Bullish -0.45%
New 52 Week Closing High Bullish -0.45%
Above Upper BB Strength -0.45%
Gapped Up Strength -0.45%
Overbought Stochastic Strength -0.45%
Up 3 Days in a Row Strength -0.45%

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Profile

MFS High Yield Municipal Trust operates as a nondiversified, closed-end management investment company. The trust invests primarily in medium and lower quality bonds and notes issued by or on behalf of state and local government units. Its portfolio primarily comprises investments in health care, tax-backed, utilities, transportation, housing, education, industrials, resource recovery, industrial, manufacturing, oil and gas, and refunded/escrowed sectors. Columbia Management Advisors, Inc. serves as the investment advisor of the trust. The trust was formerly known as Colonial Municipal Income Trust and changed its name to MFS High Yield Municipal Trust in 2007. MFS High Yield Municipal Trust was founded in 1987 and is based in Boston, Massachusetts.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Oil And Gas Income Trust Escrow Resource Recovery

Is CMU 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 3.33
52 Week Low 2.7181
Average Volume 50,069
200-Day Moving Average 3.17
50-Day Moving Average 3.27
20-Day Moving Average 3.25
10-Day Moving Average 3.26
Average True Range 0.03
RSI (14) 63.50
ADX 26.59
+DI 29.80
-DI 14.90
Chandelier Exit (Long, 3 ATRs) 3.25
Chandelier Exit (Short, 3 ATRs) 3.28
Upper Bollinger Bands 3.31
Lower Bollinger Band 3.19
Percent B (%b) 0.99
BandWidth 3.70
MACD Line 0.01
MACD Signal Line 0.00
MACD Histogram 0.011
Fundamentals Value
Market Cap 84.38 Million
Num Shares 25.5 Million
EPS 0.07
Price-to-Earnings (P/E) Ratio 47.29
Price-to-Sales 10.29
Price-to-Book 0.90
PEG Ratio 0.00
Dividend 0.14
Dividend Yield 4.23%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 3.34
Resistance 3 (R3) 3.34 3.34 3.34
Resistance 2 (R2) 3.34 3.33 3.34 3.33
Resistance 1 (R1) 3.32 3.32 3.32 3.32 3.33
Pivot Point 3.32 3.32 3.32 3.32 3.32
Support 1 (S1) 3.30 3.31 3.30 3.30 3.29
Support 2 (S2) 3.30 3.30 3.30 3.29
Support 3 (S3) 3.28 3.30 3.29
Support 4 (S4) 3.28