Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
grade A 6.18 -3.29% -0.21
MFM closed down 3.29 percent on Wednesday, April 1, 2020, on 82 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 Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Up
Historical MFM trend table...

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Wide Bands Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
1,2,3 Retracement Bearish Bearish Swing Setup -3.29%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup -3.29%
Wide Bands Range Expansion -3.29%
Up 3 Days in a Row Strength -3.29%
Up 4 Days in a Row Strength -3.29%
Up 5 Days in a Row Strength -3.29%

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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 7.5
52 Week Low 4.85
Average Volume 125,966
200-Day Moving Average 6.99
50-Day Moving Average 6.83
20-Day Moving Average 6.16
10-Day Moving Average 5.89
Average True Range 0.33
ADX 43.6
+DI 24.00
-DI 38.32
Chandelier Exit (Long, 3 ATRs ) 6.44
Chandelier Exit (Short, 3 ATRs ) 5.84
Upper Bollinger Band 7.43
Lower Bollinger Band 4.90
Percent B (%b) 0.51
BandWidth 40.94
MACD Line -0.22
MACD Signal Line -0.32
MACD Histogram 0.096
Fundamentals Value
Market Cap 254.54 Million
Num Shares 41.2 Million
EPS 0.56
Price-to-Earnings (P/E) Ratio 11.04
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) 6.57
Resistance 3 (R3) 6.57 6.45 6.50
Resistance 2 (R2) 6.45 6.35 6.44 6.48
Resistance 1 (R1) 6.31 6.29 6.25 6.31 6.46
Pivot Point 6.19 6.19 6.16 6.19 6.19
Support 1 (S1) 6.05 6.09 5.99 6.05 5.90
Support 2 (S2) 5.93 6.03 5.93 5.88
Support 3 (S3) 5.79 5.93 5.86
Support 4 (S4) 5.79