Technical Analysis for PMM - Putnam Managed Municipal Income Trust

Grade Last Price % Change Price Change
C 6.01 0.33% 0.02
PMM closed up 0.33 percent on Wednesday, May 8, 2024, on 1.28 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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
Shooting Star Candlestick Bearish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB 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%
Up 5 Days in a Row Strength 0.00%
Crossed Above 50 DMA Bullish 0.33%

   Recent Intraday Alerts

Alert Time
1.5x Volume Pace about 7 hours ago
Up 1% about 7 hours ago
Possible Pocket Pivot about 7 hours ago
Up 1 ATR about 7 hours ago
60 Minute Opening Range Breakout about 8 hours ago

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Profile

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited (U.K.). The fund invests in fixed income markets of United States. It invests in a diversified portfolio of tax-exempt municipal securities which typically includes high-yield securities that are below investment grade and involve special risk considerations. The fund benchmarks the performance of its portfolio against Barclays Capital Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in United States.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Index Fund Bond Stock Fund Mutual Fund Bond Market Fixed Income Income Trust Foreign Exchange Market Putnam Investments

Is PMM 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 6.3448
52 Week Low 4.8834
Average Volume 109,559
200-Day Moving Average 5.74
50-Day Moving Average 5.97
20-Day Moving Average 5.90
10-Day Moving Average 5.90
Average True Range 0.05
RSI (14) 61.54
ADX 26.23
+DI 30.65
-DI 15.10
Chandelier Exit (Long, 3 ATRs) 5.90
Chandelier Exit (Short, 3 ATRs) 5.99
Upper Bollinger Bands 5.99
Lower Bollinger Band 5.80
Percent B (%b) 1.13
BandWidth 3.09
MACD Line 0.00
MACD Signal Line -0.03
MACD Histogram 0.0209
Fundamentals Value
Market Cap 283.06 Million
Num Shares 47.1 Million
EPS 0.23
Price-to-Earnings (P/E) Ratio 26.13
Price-to-Sales 15.14
Price-to-Book 1.07
PEG Ratio 0.00
Dividend 0.33
Dividend Yield 5.49%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.12
Resistance 3 (R3) 6.12 6.09 6.10
Resistance 2 (R2) 6.09 6.06 6.09 6.09
Resistance 1 (R1) 6.05 6.05 6.07 6.05 6.09
Pivot Point 6.02 6.02 6.03 6.02 6.02
Support 1 (S1) 5.98 5.99 6.00 5.97 5.93
Support 2 (S2) 5.95 5.98 5.95 5.93
Support 3 (S3) 5.91 5.95 5.92
Support 4 (S4) 5.90