Technical Analysis for FMNY - First Trust New York Municipal High Income
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 26.95 | -0.41% | -0.11 |
FMNY closed down 0.41 percent on Wednesday, November 20, 2024, on 21 percent of 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% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Crossed Above 50 DMA | Bullish | -0.41% | |
| NR7 | Range Contraction | -0.41% | |
| Narrow Range Bar | Range Contraction | -0.41% | |
| Stochastic Reached Overbought | Strength | -0.41% | |
| Gapped Up | Strength | -0.41% | |
| Overbought Stochastic | Strength | -0.41% |
| Alert | Time |
|---|---|
| Fell Below 50 DMA | about 16 hours ago |
| Fell Below Previous Day's Low | about 16 hours ago |
| Fell Below 10 DMA | about 16 hours ago |
| Down 1 ATR | about 16 hours ago |
| Fell Below Previous Day's Low | 3 days ago |
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Basic chart:
The First Trust New York Municipal High Income ETF's (the "Fund") primary investment seek to provide current income that is exempt from regular federal income taxes and New York income taxes, and its secondary objective is 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 and New York State and New York City income taxes (collectively, "Municipal Securities").
Keywords: Exchange Traded Fund Municipal Bond Government Asset Location
Classification
Keywords: Exchange Traded Fund Municipal Bond Government Asset Location
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 27.339 |
| 52 Week Low | 25.3461 |
| Average Volume | 2,174 |
| 200-Day Moving Average | 26.71 |
| 50-Day Moving Average | 27.04 |
| 20-Day Moving Average | 26.88 |
| 10-Day Moving Average | 26.94 |
| Average True Range | 0.10 |
| RSI (14) | 50.50 |
| ADX | 17.49 |
| +DI | 29.82 |
| -DI | 37.29 |
| Chandelier Exit (Long, 3 ATRs) | 26.76 |
| Chandelier Exit (Short, 3 ATRs) | 26.93 |
| Upper Bollinger Bands | 27.07 |
| Lower Bollinger Band | 26.70 |
| Percent B (%b) | 0.68 |
| BandWidth | 1.39 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.03 |
| MACD Histogram | 0.0226 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 27.00 | ||||
| Resistance 3 (R3) | 26.99 | 26.97 | 26.99 | ||
| Resistance 2 (R2) | 26.97 | 26.96 | 26.97 | 26.98 | |
| Resistance 1 (R1) | 26.96 | 26.95 | 26.97 | 26.97 | 26.98 |
| Pivot Point | 26.94 | 26.94 | 26.94 | 26.94 | 26.94 |
| Support 1 (S1) | 26.93 | 26.93 | 26.94 | 26.94 | 26.92 |
| Support 2 (S2) | 26.91 | 26.92 | 26.91 | 26.92 | |
| Support 3 (S3) | 26.90 | 26.91 | 26.91 | ||
| Support 4 (S4) | 26.91 |
