Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
grade A 6.9 0.58% 0.04
MFM closed up 0.58 percent on Friday, March 22, 2019, on 24 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 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Up Up Up
See historical MFM trend table...

Date Alert Name Type % Chg
Mar 22 MACD Bullish Signal Line Cross Bullish 0.00%
Mar 22 New 52 Week Closing High Bullish 0.00%
Mar 22 180 Bullish Setup Bullish Swing Setup 0.00%
Mar 22 Bollinger Band Squeeze Range Contraction 0.00%
Mar 22 Narrow Range Bar Range Contraction 0.00%
Mar 22 NR7 Range Contraction 0.00%
Mar 22 Stochastic Reached Overbought Strength 0.00%
Mar 22 Overbought Stochastic Strength 0.00%
Mar 21 Bollinger Band Squeeze Range Contraction 0.58%
Mar 21 BB Squeeze + Upper Band Touch Range Contraction 0.58%

Older signals for MFM ...

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Profile
MFS Municipal Income Trust operates as a nondiversified and closed-end management investment company. The fund primarily invests in municipal bonds and high-yield securities. Its portfolio of investments include companies operating in various sectors, such as airport and port, chemicals, healthcare, human services, environmental services, entertainment and tourism, multifamily housing, single family housing, tobacco, transportation, utilities, paper, and metals sectors. Massachusetts Financial Services Company serves as investment advisor of the trust. The trust was founded in 1986 and is based in Boston, Massachusetts.
Transportation Healthcare Chemicals Municipal Bond Environmental Services Mfs Investment Management Human Services
Is MFM a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 6.9
52 Week Low 6.04
Average Volume 80,653
200-Day Moving Average 6.5553
50-Day Moving Average 6.6884
20-Day Moving Average 6.8045
10-Day Moving Average 6.799
Average True Range 0.0604
ADX 30.21
+DI 28.6406
-DI 13.216
Chandelier Exit (Long, 3 ATRs ) 6.7188
Chandelier Exit (Short, 3 ATRs ) 6.9012
Upper Bollinger Band 6.906
Lower Bollinger Band 6.703
Percent B (%b) 0.97
BandWidth 2.98332
MACD Line 0.0446
MACD Signal Line 0.0425
MACD Histogram 0.0021
Fundamentals Value
Market Cap 284.2 Million
Num Shares 41.2 Million
EPS 0.56
Price-to-Earnings (P/E) Ratio 12.32
Price-to-Sales 0.00
Price-to-Book 0.00
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.95
Resistance 3 (R3) 6.94 6.92 6.94
Resistance 2 (R2) 6.92 6.91 6.92 6.93
Resistance 1 (R1) 6.91 6.90 6.92 6.92 6.93
Pivot Point 6.89 6.89 6.89 6.89 6.89
Support 1 (S1) 6.88 6.88 6.89 6.89 6.87
Support 2 (S2) 6.86 6.87 6.86 6.87
Support 3 (S3) 6.85 6.86 6.86
Support 4 (S4) 6.86