Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
A 6.89 -0.58% -0.04
MFM closed down 0.58 percent on Monday, April 19, 2021, on 75 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat
Historical MFM trend table...

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -0.58%
Doji - Bearish? Reversal -0.58%
New 52 Week High Strength -0.58%
Overbought Stochastic Strength -0.58%
Up 3 Days in a Row Strength -0.58%
Up 4 Days in a Row Strength -0.58%
Up 5 Days in a Row Strength -0.58%
New 52 Week Closing High Bullish -0.29%
Older End-of-Day Signals for MFM ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Down 1% about 14 hours ago
Down 1 ATR about 14 hours ago
Fell Below Previous Day's Low about 14 hours ago
10 DMA Support about 16 hours ago
60 Minute Opening Range Breakdown about 17 hours ago
View Earlier Intraday Alerts

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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.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Chemicals Municipal Bond Income Trust Tourism 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

Indicators

Indicator Value
52 Week High 6.94
52 Week Low 5.62
Average Volume 107,506
200-Day Moving Average 6.59
50-Day Moving Average 6.77
20-Day Moving Average 6.81
10-Day Moving Average 6.89
Average True Range 0.08
ADX 15.88
+DI 17.39
-DI 17.03
Chandelier Exit (Long, 3 ATRs ) 6.70
Chandelier Exit (Short, 3 ATRs ) 6.82
Upper Bollinger Band 7.00
Lower Bollinger Band 6.63
Percent B (%b) 0.71
BandWidth 5.46
MACD Line 0.05
MACD Signal Line 0.04
MACD Histogram 0.0072
Fundamentals Value
Market Cap 283.78 Million
Num Shares 41.2 Million
EPS 0.71
Price-to-Earnings (P/E) Ratio 9.66
Price-to-Sales 8.64
Price-to-Book 0.99
PEG Ratio 0.00
Dividend 0.31
Dividend Yield 4.50%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.03
Resistance 3 (R3) 7.02 6.97 7.00
Resistance 2 (R2) 6.97 6.94 6.97 6.99
Resistance 1 (R1) 6.93 6.91 6.91 6.94 6.99
Pivot Point 6.88 6.88 6.87 6.88 6.88
Support 1 (S1) 6.84 6.85 6.82 6.85 6.79
Support 2 (S2) 6.79 6.82 6.79 6.79
Support 3 (S3) 6.75 6.79 6.78
Support 4 (S4) 6.76