Technical Analysis for MTT - Western Asset Municipal Defined Opportunity Trust Inc

Grade Last Price % Change Price Change
grade B 19.3 0.47% 0.09
MTT closed up 0.47 percent on Tuesday, May 26, 2020, on 36 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
Weak or Absent Down Up Up
Historical MTT trend table...

Date Alert Name Type % Chg
Doji - Bearish? Reversal 0.00%
Stochastic Reached Overbought Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
MACD Bullish Centerline Cross Bullish 1.59%
Pocket Pivot Bullish Swing Setup 1.59%
20 DMA Support Bullish 1.95%
50 DMA Support Bullish 1.95%
Narrow Range Bar Range Contraction 1.37%
Crossed Above 20 DMA Bullish 2.25%

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Profile

Western Asset Municipal Defined Opportunity Trust Inc. is a close-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 fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors. It primarily invests its assets in a portfolio of municipal securities. The fund uses value oriented strategy to make its investments. It employs a fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund conducts in-house research to make its investments. Western Asset Municipal Defined Opportunity Trust Inc. was formed on January 15, 2009 and is domiciled in the United States.
Institutional Investors Mutual Fund Sovereign Wealth Funds Legg Mason Partners Fund Harvest Fund Management

Is MTT 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 22.4973
52 Week Low 16.0
Average Volume 47,693
200-Day Moving Average 20.78
50-Day Moving Average 18.68
20-Day Moving Average 18.90
10-Day Moving Average 19.01
Average True Range 0.30
ADX 17.71
+DI 25.69
-DI 22.57
Chandelier Exit (Long, 3 ATRs ) 18.55
Chandelier Exit (Short, 3 ATRs ) 19.38
Upper Bollinger Band 19.36
Lower Bollinger Band 18.45
Percent B (%b) 0.94
BandWidth 4.82
MACD Line 0.05
MACD Signal Line 0.01
MACD Histogram 0.0479
Fundamentals Value
Market Cap 234.3 Million
Num Shares 12.1 Million
EPS 0.00
Price-to-Earnings (P/E) Ratio 0.00
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) 19.80
Resistance 3 (R3) 19.79 19.63 19.71
Resistance 2 (R2) 19.63 19.50 19.63 19.68
Resistance 1 (R1) 19.46 19.42 19.55 19.47 19.66
Pivot Point 19.30 19.30 19.34 19.30 19.30
Support 1 (S1) 19.13 19.17 19.22 19.14 18.94
Support 2 (S2) 18.97 19.09 18.97 18.92
Support 3 (S3) 18.80 18.97 18.89
Support 4 (S4) 18.81