Technical Analysis for MMIT - IQ MacKay Municipal Intermediate ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 24.15 | 0.12% | 0.03 |
MMIT closed up 0.12 percent on Monday, May 6, 2024, on approximately normal volume. It ran into resistance at its 50 day moving average. 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 | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.00% | |
| Non-ADX 1,2,3,4 Bearish | Bearish Swing Setup | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Above Upper BB | Strength | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| 50 DMA Resistance | Bearish | 0.12% |
| Alert | Time |
|---|---|
| Gap Up Closed | about 12 hours ago |
| Reversed from Up | about 12 hours ago |
| Gapped Up (Full) | about 12 hours ago |
| Rose Above Upper Bollinger Band | about 12 hours ago |
| 50 DMA Resistance | about 12 hours ago |
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The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.
Keywords: Exchange Traded Fund Bond Municipal Bond Government Revenue Bond
Classification
Keywords: Exchange Traded Fund Bond Municipal Bond Government Revenue Bond
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 24.3435 |
| 52 Week Low | 22.7117 |
| Average Volume | 94,830 |
| 200-Day Moving Average | 23.73 |
| 50-Day Moving Average | 24.16 |
| 20-Day Moving Average | 24.05 |
| 10-Day Moving Average | 24.06 |
| Average True Range | 0.07 |
| RSI (14) | 57.08 |
| ADX | 12.98 |
| +DI | 19.76 |
| -DI | 19.61 |
| Chandelier Exit (Long, 3 ATRs) | 23.95 |
| Chandelier Exit (Short, 3 ATRs) | 24.13 |
| Upper Bollinger Bands | 24.14 |
| Lower Bollinger Band | 23.95 |
| Percent B (%b) | 1.04 |
| BandWidth | 0.81 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.03 |
| MACD Histogram | 0.0191 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 24.24 | ||||
| Resistance 3 (R3) | 24.23 | 24.20 | 24.23 | ||
| Resistance 2 (R2) | 24.20 | 24.17 | 24.20 | 24.22 | |
| Resistance 1 (R1) | 24.17 | 24.16 | 24.16 | 24.18 | 24.21 |
| Pivot Point | 24.14 | 24.14 | 24.13 | 24.14 | 24.14 |
| Support 1 (S1) | 24.11 | 24.11 | 24.10 | 24.12 | 24.09 |
| Support 2 (S2) | 24.08 | 24.10 | 24.08 | 24.08 | |
| Support 3 (S3) | 24.05 | 24.08 | 24.08 | ||
| Support 4 (S4) | 24.06 |
