Technical Analysis for MHF - Western Asset Municipal High Income Fund, Inc.

Grade Last Price % Change Price Change
grade A 7.6415 -0.24% -0.02
MHF closed down 0.24 percent on Friday, August 14, 2020, on 59 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 MHF trend table...

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Pocket Pivot Bullish Swing Setup -0.24%
Overbought Stochastic Strength -0.24%
NR7 Range Contraction -0.11%
Upper Bollinger Band Walk Strength -0.11%
Inside Day Range Contraction -0.11%
Overbought Stochastic Strength -0.11%
Pocket Pivot Bullish Swing Setup -0.37%

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Profile

Legg Mason Partners Income Trust - Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Legg Mason Partners Income Trust - Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.
Exchange Traded Fund ETF Bond Mutual Fund Legg Mason Partners Fund Western Asset Management Company Legg Mason Leisure Goods Index

Is MHF 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 8.05
52 Week Low 5.58
Average Volume 43,223
200-Day Moving Average 7.35
50-Day Moving Average 7.27
20-Day Moving Average 7.43
10-Day Moving Average 7.58
Average True Range 0.07
ADX 39.86
+DI 35.97
-DI 7.34
Chandelier Exit (Long, 3 ATRs ) 7.47
Chandelier Exit (Short, 3 ATRs ) 7.40
Upper Bollinger Band 7.76
Lower Bollinger Band 7.10
Percent B (%b) 0.83
BandWidth 8.89
MACD Line 0.12
MACD Signal Line 0.10
MACD Histogram 0.0212
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.70
Resistance 3 (R3) 7.70 7.69 7.69
Resistance 2 (R2) 7.69 7.67 7.69 7.69
Resistance 1 (R1) 7.66 7.66 7.66 7.66 7.68
Pivot Point 7.65 7.65 7.64 7.65 7.65
Support 1 (S1) 7.62 7.63 7.62 7.62 7.60
Support 2 (S2) 7.61 7.62 7.61 7.59
Support 3 (S3) 7.58 7.61 7.59
Support 4 (S4) 7.58