Technical Analysis for PMM - Putnam Managed Municipal Income Trust

Grade Last Price % Change Price Change
grade A 7.11 -0.28% -0.02
PMM closed down 0.28 percent on Tuesday, January 15, 2019, on 57 percent of normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. 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 PMM trend table...

Date Alert Name Type % Chg
Jan 15 Shooting Star Candlestick Bearish 0.00%
Jan 15 Lizard Bearish Bearish Day Trade Setup 0.00%
Jan 15 Upper Bollinger Band Walk Strength 0.00%
Jan 15 Overbought Stochastic Strength 0.00%
Jan 15 Upper Bollinger Band Touch Strength 0.00%
Jan 14 Stochastic Sell Signal Bearish -0.28%
Jan 14 Cup with Handle Other -0.28%
Jan 14 Outside Day Range Expansion -0.28%
Jan 14 Overbought Stochastic Strength -0.28%
Jan 14 Upper Bollinger Band Touch Strength -0.28%

Older signals for PMM ...

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Profile
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited (U.K.). The fund invests in fixed income markets of United States. It invests in a diversified portfolio of tax-exempt municipal securities which typically includes high-yield securities that are below investment grade and involve special risk considerations. The fund benchmarks the performance of its portfolio against Barclays Capital Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in United States.
Is PMM a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 7.35
52 Week Low 6.54
Average Volume 151,422
200-Day Moving Average 6.9849
50-Day Moving Average 6.8751
20-Day Moving Average 6.915
10-Day Moving Average 7.021
Average True Range 0.0993
ADX 23.26
+DI 26.5956
-DI 12.2533
Chandelier Exit (Long, 3 ATRs ) 6.9121
Chandelier Exit (Short, 3 ATRs ) 6.9879
Upper Bollinger Band 7.1736
Lower Bollinger Band 6.6564
Percent B (%b) 0.88
BandWidth 7.479393
MACD Line 0.0604
MACD Signal Line 0.0319
MACD Histogram 0.0285
Fundamentals Value
Market Cap 382.06 Million
Num Shares 53.7 Million
EPS 0.57
Price-to-Earnings (P/E) Ratio 12.47
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) 7.26
Resistance 3 (R3) 7.28 7.24 7.24
Resistance 2 (R2) 7.24 7.21 7.24 7.23
Resistance 1 (R1) 7.18 7.18 7.16 7.16 7.22
Pivot Point 7.14 7.14 7.14 7.14 7.14
Support 1 (S1) 7.08 7.11 7.06 7.06 7.00
Support 2 (S2) 7.04 7.08 7.04 6.99
Support 3 (S3) 6.98 7.04 6.99
Support 4 (S4) 6.96