Technical Analysis for FMHI - First Trust Municipal High Income ETF

Grade Last Price % Change Price Change
C 53.96 0.11% 0.06
FMHI closed up 0.11 percent on Friday, February 26, 2021, on 53 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down
Historical FMHI trend table...

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness 0.11%
Below Lower BB Weakness 0.11%
Down 3 Days in a Row Weakness 0.11%
Down 4 Days in a Row Weakness 0.11%
Older End-of-Day Signals for FMHI ...

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Profile

The investment seeks to provide federally tax-exempt income, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities. The fund is non-diversified.
Classification

Keywords: Exchange Traded Fund ETF Debt Securities Municipal Bond Capital Appreciation Local Government In The United States Mayfair Capital Investment Management

Is FMHI 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 55.34
52 Week Low 42.51
Average Volume 28,562
200-Day Moving Average 52.17
50-Day Moving Average 54.24
20-Day Moving Average 54.70
10-Day Moving Average 54.58
Average True Range 0.26
ADX 27.22
+DI 14.50
-DI 30.71
Chandelier Exit (Long, 3 ATRs ) 54.57
Chandelier Exit (Short, 3 ATRs ) 54.64
Upper Bollinger Band 55.41
Lower Bollinger Band 53.98
Percent B (%b) -0.01
BandWidth 2.63
MACD Line -0.02
MACD Signal Line 0.15
MACD Histogram -0.1623
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.17
Resistance 3 (R3) 54.16 54.09 54.14
Resistance 2 (R2) 54.09 54.03 54.09 54.12
Resistance 1 (R1) 54.02 54.00 53.99 54.03 54.11
Pivot Point 53.95 53.95 53.93 53.95 53.95
Support 1 (S1) 53.88 53.89 53.85 53.89 53.81
Support 2 (S2) 53.81 53.86 53.81 53.80
Support 3 (S3) 53.74 53.81 53.79
Support 4 (S4) 53.75