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

Grade Last Price % Change Price Change
grade C 13.85 0.29% 0.04
MMU closed up 0.29 percent on Friday, November 15, 2019, on 1.47 times normal volume. It was able to find support at its 50 day moving average. It was able to bounce off of its 200 day moving average, an important long-term support line. 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
Weak or Absent Up Up Up
See historical MMU trend table...

Date Alert Name Type % Chg
200 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
Expansion Pivot Buy Setup Bullish Swing Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Stochastic Reached Overbought Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 50 DMA Bullish 0.29%

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: 2 bullish, 0 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 15.44
52 Week Low 12.26
Average Volume 60,189
200-Day Moving Average 13.7225
50-Day Moving Average 13.7523
20-Day Moving Average 13.6725
10-Day Moving Average 13.743
Average True Range 0.127
ADX 15.11
+DI 29.9162
-DI 20.6546
Chandelier Exit (Long, 3 ATRs ) 13.604
Chandelier Exit (Short, 3 ATRs ) 13.821
Upper Bollinger Band 13.8635
Lower Bollinger Band 13.4815
Percent B (%b) 0.96
BandWidth 2.793929
MACD Line -0.0108
MACD Signal Line -0.0374
MACD Histogram 0.0266
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.21
Resistance 3 (R3) 14.19 14.06 14.15
Resistance 2 (R2) 14.06 13.96 14.07 14.13
Resistance 1 (R1) 13.95 13.91 14.01 13.97 14.11
Pivot Point 13.82 13.82 13.84 13.83 13.82
Support 1 (S1) 13.71 13.72 13.77 13.73 13.59
Support 2 (S2) 13.58 13.67 13.59 13.57
Support 3 (S3) 13.47 13.58 13.55
Support 4 (S4) 13.49