Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
grade D 6.89 -0.43% -0.03
MFM closed down 0.43 percent on Tuesday, September 17, 2019, on 2.54 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

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

Date Alert Name Type % Chg
New Downtrend Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Jack-in-the-Box Bearish Bearish Swing Setup -0.43%
Doji - Bullish? Reversal -0.43%
Lower Bollinger Band Walk Weakness -0.43%
Below Lower BB Weakness -0.43%
Lower Bollinger Band Touch Weakness -0.43%

Older signals for MFM ...

Get this analysis on your stocks daily!

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.
Configure default chart indicators
Basic chart:
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
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: 1 bullish, 3 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 7.2
52 Week Low 6.04
Average Volume 70,035
200-Day Moving Average 6.813
50-Day Moving Average 7.0648
20-Day Moving Average 7.0635
10-Day Moving Average 7.036
Average True Range 0.0513
ADX 25.62
+DI 8.8514
-DI 38.9323
Chandelier Exit (Long, 3 ATRs ) 7.0061
Chandelier Exit (Short, 3 ATRs ) 7.0039
Upper Bollinger Band 7.2073
Lower Bollinger Band 6.9197
Percent B (%b) -0.1
BandWidth 4.071636
MACD Line -0.0348
MACD Signal Line -0.0086
MACD Histogram -0.0263
Fundamentals Value
Market Cap 283.79 Million
Num Shares 41.2 Million
EPS 0.56
Price-to-Earnings (P/E) Ratio 12.30
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) 6.98
Resistance 3 (R3) 6.98 6.95 6.97
Resistance 2 (R2) 6.95 6.92 6.95 6.96
Resistance 1 (R1) 6.92 6.91 6.90 6.92 6.96
Pivot Point 6.88 6.88 6.88 6.89 6.88
Support 1 (S1) 6.86 6.86 6.84 6.86 6.82
Support 2 (S2) 6.82 6.85 6.82 6.82
Support 3 (S3) 6.79 6.82 6.81
Support 4 (S4) 6.80