Technical Analysis for FMHI - First Trust Municipal High Income ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 48.88 | -0.06% | -0.03 |
FMHI closed down 0.06 percent on Wednesday, November 20, 2024, on 1.73 times normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under 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 | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| MACD Bullish Centerline Cross | Bullish | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Shooting Star Candlestick | Bearish | -0.06% | |
| 50 DMA Support | Bullish | -0.06% | |
| Overbought Stochastic | Strength | -0.06% | |
| Upper Bollinger Band Touch | Strength | -0.06% | |
| Gapped Down | Weakness | -0.06% | |
| Crossed Above 50 DMA | Bullish | -0.14% |
| Alert | Time |
|---|---|
| 10 DMA Support | about 20 hours ago |
| 50 DMA Support | about 20 hours ago |
| 1.5x Volume Pace | about 20 hours ago |
| Shooting Star Candlestick Entry | about 20 hours ago |
| Fell Below Previous Day's Low | about 20 hours ago |
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Basic chart:
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.
Keywords: Exchange Traded Fund ETF Municipal Bond Debt Securities Mayfair Capital Investment Management
Classification
Keywords: Exchange Traded Fund ETF Municipal Bond Debt Securities Mayfair Capital Investment Management
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 49.3456 |
| 52 Week Low | 44.4019 |
| Average Volume | 89,106 |
| 200-Day Moving Average | 47.99 |
| 50-Day Moving Average | 48.90 |
| 20-Day Moving Average | 48.69 |
| 10-Day Moving Average | 48.76 |
| Average True Range | 0.20 |
| RSI (14) | 53.49 |
| ADX | 16.54 |
| +DI | 23.03 |
| -DI | 22.79 |
| Chandelier Exit (Long, 3 ATRs) | 48.43 |
| Chandelier Exit (Short, 3 ATRs) | 48.81 |
| Upper Bollinger Bands | 49.03 |
| Lower Bollinger Band | 48.35 |
| Percent B (%b) | 0.78 |
| BandWidth | 1.40 |
| MACD Line | 0.00 |
| MACD Signal Line | -0.04 |
| MACD Histogram | 0.0422 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 49.24 | ||||
| Resistance 3 (R3) | 49.24 | 49.12 | 49.18 | ||
| Resistance 2 (R2) | 49.12 | 49.03 | 49.12 | 49.16 | |
| Resistance 1 (R1) | 49.00 | 48.97 | 49.06 | 49.00 | 49.14 |
| Pivot Point | 48.88 | 48.88 | 48.91 | 48.88 | 48.88 |
| Support 1 (S1) | 48.76 | 48.79 | 48.82 | 48.76 | 48.62 |
| Support 2 (S2) | 48.64 | 48.73 | 48.64 | 48.60 | |
| Support 3 (S3) | 48.52 | 48.64 | 48.58 | ||
| Support 4 (S4) | 48.52 |
