Technical Analysis for MMU - Western Asset Managed Municipals Fund, Inc.

Grade Last Price % Change Price Change
grade F 13.47 0.67% 0.09
MMU closed up 0.67 percent on Tuesday, September 17, 2019, on approximately normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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 Flat Down Down
See historical MMU trend table...

Date Alert Name Type % Chg
200 DMA Resistance Bearish 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
200 DMA Resistance Bearish 0.67%
Lower Bollinger Band Walk Weakness 0.67%
Down 3 Days in a Row Weakness 0.67%
Down 4 Days in a Row Weakness 0.67%
Down 5 Days in a Row Weakness 0.67%
Lower Bollinger Band Touch Weakness 0.67%
Oversold Stochastic Weakness 0.67%

Older signals for MMU ...

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Profile
Western Asset Managed Municipals Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company. It invests in the fixed income markets of the United States. The fund invests in securities that provide income exempt from federal income tax. It invests primarily in investment grade municipal securities. The fund employs intensive proprietary research to create its portfolio. It benchmarks the performance of its portfolio against the Barclays Capital Municipal Bond Index. The fund was formerly known as Managed Municipals Portfolio Inc. Western Asset Managed Municipals Fund Inc. was formed on June 26, 1992 and is domiciled in the United States.
Institutional Investors Bond Mutual Fund Legg Mason Partners Fund Western Asset Management Company
Is MMU a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 15.44
52 Week Low 11.5
Average Volume 77,606
200-Day Moving Average 13.5312
50-Day Moving Average 14.297
20-Day Moving Average 14.0924
10-Day Moving Average 13.762
Average True Range 0.186
ADX 38.43
+DI 8.852
-DI 35.8729
Chandelier Exit (Long, 3 ATRs ) 14.492
Chandelier Exit (Short, 3 ATRs ) 13.868
Upper Bollinger Band 14.8923
Lower Bollinger Band 13.2925
Percent B (%b) 0.11
BandWidth 11.352218
MACD Line -0.2608
MACD Signal Line -0.1724
MACD Histogram -0.0884
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.79
Resistance 3 (R3) 13.78 13.67 13.73
Resistance 2 (R2) 13.67 13.59 13.67 13.71
Resistance 1 (R1) 13.57 13.54 13.62 13.58 13.70
Pivot Point 13.46 13.46 13.49 13.46 13.46
Support 1 (S1) 13.36 13.38 13.41 13.37 13.24
Support 2 (S2) 13.25 13.33 13.25 13.23
Support 3 (S3) 13.15 13.25 13.21
Support 4 (S4) 13.16