Technical Analysis for MFM - MFS Municipal Income Trust
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 5.29 | 1.34% | 0.07 |
MFM closed up 0.97 percent on Tuesday, May 7, 2024, on 1.46 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 50 DMA | Bullish | 1.34% | |
| Pocket Pivot | Bullish Swing Setup | 1.34% | |
| Bollinger Band Squeeze | Range Contraction | 1.34% | |
| Stochastic Reached Overbought | Strength | 1.34% | |
| BB Squeeze + Upper Band Touch | Range Contraction | 1.34% | |
| Above Upper BB | Strength | 1.34% | |
| Gapped Up | Strength | 1.34% | |
| Overbought Stochastic | Strength | 1.34% | |
| Up 3 Days in a Row | Strength | 1.34% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 2.32% |
| Alert | Time |
|---|---|
| 2x Volume Pace | about 3 hours ago |
| Up 1% | about 3 hours ago |
| Possible Pocket Pivot | about 3 hours ago |
| Up 1 ATR | about 3 hours ago |
| 60 Minute Opening Range Breakout | about 4 hours ago |
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Basic chart:
- Earnings date: Unknown
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.
Sector: Financial Services
Industry: Asset Management
Keywords: Chemical Municipal Bond Income Trust Tourism Environmental Services Mfs Investment Management Human Services
Classification
Sector: Financial Services
Industry: Asset Management
Keywords: Chemical Municipal Bond Income Trust Tourism Environmental Services Mfs Investment Management Human Services
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 5.4373 |
| 52 Week Low | 4.2742 |
| Average Volume | 79,833 |
| 200-Day Moving Average | 4.96 |
| 50-Day Moving Average | 5.21 |
| 20-Day Moving Average | 5.12 |
| 10-Day Moving Average | 5.11 |
| Average True Range | 0.05 |
| RSI (14) | 61.54 |
| ADX | 17.51 |
| +DI | 30.62 |
| -DI | 15.98 |
| Chandelier Exit (Long, 3 ATRs) | 5.09 |
| Chandelier Exit (Short, 3 ATRs) | 5.20 |
| Upper Bollinger Bands | 5.19 |
| Lower Bollinger Band | 5.05 |
| Percent B (%b) | 1.22 |
| BandWidth | 2.78 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.03 |
| MACD Histogram | 0.0162 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 5.28 | ||||
| Resistance 3 (R3) | 5.28 | 5.26 | 5.27 | ||
| Resistance 2 (R2) | 5.26 | 5.24 | 5.26 | 5.27 | |
| Resistance 1 (R1) | 5.24 | 5.24 | 5.25 | 5.24 | 5.26 |
| Pivot Point | 5.22 | 5.22 | 5.23 | 5.22 | 5.22 |
| Support 1 (S1) | 5.20 | 5.20 | 5.21 | 5.20 | 5.18 |
| Support 2 (S2) | 5.18 | 5.20 | 5.18 | 5.17 | |
| Support 3 (S3) | 5.16 | 5.18 | 5.17 | ||
| Support 4 (S4) | 5.16 |
