Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
grade A 7.45 0.54% 0.04
MFM closed up 0.54 percent on Friday, February 14, 2020, on 45 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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
Historical MFM trend table...

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Outside Day Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
New 52 Week Closing High Bullish 0.54%
Pocket Pivot Bullish Swing Setup 0.54%

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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

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 7.45
52 Week Low 6.7
Average Volume 65,186
200-Day Moving Average 7.04
50-Day Moving Average 7.16
20-Day Moving Average 7.26
10-Day Moving Average 7.34
Average True Range 0.05
ADX 48.47
+DI 35.61
-DI 3.99
Chandelier Exit (Long, 3 ATRs ) 7.31
Chandelier Exit (Short, 3 ATRs ) 7.26
Upper Bollinger Band 7.45
Lower Bollinger Band 7.08
Percent B (%b) 1.01
BandWidth 5.08
MACD Line 0.07
MACD Signal Line 0.06
MACD Histogram 0.0178
Fundamentals Value
Market Cap 306.85 Million
Num Shares 41.2 Million
EPS 0.56
Price-to-Earnings (P/E) Ratio 13.30
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) 7.56
Resistance 3 (R3) 7.54 7.50 7.54
Resistance 2 (R2) 7.50 7.47 7.50 7.53
Resistance 1 (R1) 7.47 7.45 7.49 7.49 7.53
Pivot Point 7.43 7.43 7.43 7.43 7.43
Support 1 (S1) 7.40 7.40 7.42 7.42 7.37
Support 2 (S2) 7.36 7.38 7.36 7.37
Support 3 (S3) 7.33 7.36 7.36
Support 4 (S4) 7.35