Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
D 5.09 -0.39% -0.02
MFM closed up 0.12 percent on Tuesday, April 23, 2024, on 2.05 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup -0.39%
Outside Day Range Expansion -0.39%
Gapped Down Weakness -0.39%
Oversold Stochastic Weakness -0.39%
Narrow Range Bar Range Contraction -0.27%
Oversold Stochastic Weakness -0.27%
180 Bearish Setup Bearish Swing Setup -0.39%
Oversold Stochastic Weakness -0.39%
Stochastic Buy Signal Bullish -0.59%
Narrow Range Bar Range Contraction -0.59%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown 22 minutes ago
Possible Inside Day about 1 hour ago
10 DMA Resistance about 4 hours ago
Rose Above 10 DMA about 6 hours ago
Possible Pocket Pivot 1 day ago

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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: Chemical 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 5.4373
52 Week Low 4.2742
Average Volume 84,457
200-Day Moving Average 4.95
50-Day Moving Average 5.23
20-Day Moving Average 5.19
10-Day Moving Average 5.12
Average True Range 0.06
RSI (14) 37.50
ADX 21.73
+DI 18.75
-DI 22.15
Chandelier Exit (Long, 3 ATRs) 5.18
Chandelier Exit (Short, 3 ATRs) 5.25
Upper Bollinger Bands 5.33
Lower Bollinger Band 5.04
Percent B (%b) 0.24
BandWidth 5.68
MACD Line -0.04
MACD Signal Line -0.03
MACD Histogram -0.008
Fundamentals Value
Market Cap 210.47 Million
Num Shares 41.2 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 170.33
Price-to-Sales 13.11
Price-to-Book 1.00
PEG Ratio 0.00
Dividend 0.22
Dividend Yield 4.31%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.22
Resistance 3 (R3) 5.22 5.18 5.20
Resistance 2 (R2) 5.18 5.16 5.18 5.19
Resistance 1 (R1) 5.15 5.14 5.17 5.15 5.19
Pivot Point 5.11 5.11 5.12 5.11 5.11
Support 1 (S1) 5.08 5.09 5.10 5.08 5.03
Support 2 (S2) 5.04 5.07 5.04 5.03
Support 3 (S3) 5.01 5.04 5.02
Support 4 (S4) 5.01