Technical Analysis for MMIT - IQ MacKay Municipal Intermediate ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 24.27 | -0.23% | -0.06 |
MMIT closed down 0.23 percent on Wednesday, November 20, 2024, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | 0.00% | |
| Stochastic Sell Signal | Bearish | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| 50 DMA Support | Bullish | -0.23% | |
| MACD Bullish Centerline Cross | Bullish | -0.23% | |
| Gapped Up | Strength | -0.23% | |
| Overbought Stochastic | Strength | -0.23% | |
| Up 3 Days in a Row | Strength | -0.23% | |
| Crossed Above 50 DMA | Bullish | -0.14% |
| Alert | Time |
|---|---|
| 10 DMA Support | about 17 hours ago |
| Fell Below 50 DMA | about 17 hours ago |
| Fell Below Previous Day's Low | about 17 hours ago |
| Down 1 ATR | about 17 hours ago |
| 50 DMA Support | 2 days ago |
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The investment seeks current income exempt from federal income tax. The fund is an actively managed ETF and thus does not seek to replicate the performance of a specific index. Instead, it uses an active management strategy to meet its investment objective. The fund, under normal circumstances, invests at least 80% of its assets (net assets plus borrowings for investment purposes) in debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds). It does not intend to invest in Municipal Bonds whose interest is subject to the federal alternative minimum tax.
Keywords: Exchange Traded Fund Bond Municipal Bond Government Revenue Bond
Classification
Keywords: Exchange Traded Fund Bond Municipal Bond Government Revenue Bond
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 24.5197 |
| 52 Week Low | 23.2146 |
| Average Volume | 94,491 |
| 200-Day Moving Average | 24.04 |
| 50-Day Moving Average | 24.29 |
| 20-Day Moving Average | 24.19 |
| 10-Day Moving Average | 24.24 |
| Average True Range | 0.09 |
| RSI (14) | 52.38 |
| ADX | 16.55 |
| +DI | 20.90 |
| -DI | 19.84 |
| Chandelier Exit (Long, 3 ATRs) | 24.05 |
| Chandelier Exit (Short, 3 ATRs) | 24.24 |
| Upper Bollinger Bands | 24.34 |
| Lower Bollinger Band | 24.04 |
| Percent B (%b) | 0.74 |
| BandWidth | 1.27 |
| MACD Line | 0.00 |
| MACD Signal Line | -0.02 |
| MACD Histogram | 0.0203 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 24.42 | ||||
| Resistance 3 (R3) | 24.42 | 24.37 | 24.40 | ||
| Resistance 2 (R2) | 24.37 | 24.33 | 24.37 | 24.39 | |
| Resistance 1 (R1) | 24.32 | 24.30 | 24.29 | 24.32 | 24.38 |
| Pivot Point | 24.26 | 24.26 | 24.25 | 24.26 | 24.26 |
| Support 1 (S1) | 24.21 | 24.22 | 24.18 | 24.21 | 24.15 |
| Support 2 (S2) | 24.15 | 24.19 | 24.16 | 24.14 | |
| Support 3 (S3) | 24.10 | 24.15 | 24.13 | ||
| Support 4 (S4) | 24.11 |
