Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
B 5.33 -2.38% -0.13
MFM closed down 2.38 percent on Monday, July 1, 2024, on 1.16 times normal volume. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Flat

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
New 52 Week Closing High Bullish -2.38%
Expansion Breakout Bullish Swing Setup -2.38%
Pocket Pivot Bullish Swing Setup -2.38%
Wide Range Bar Range Expansion -2.38%
New 52 Week High Strength -2.38%
Above Upper BB Strength -2.38%
Gapped Up Strength -2.38%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 7 hours ago
1.5x Volume Pace about 7 hours ago
Fell Below Previous Day's Low about 7 hours ago
Down 2 % about 7 hours ago
Down 1% about 7 hours ago

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Profile

MFS Municipal Income Trust operates as a nondiversified and closed-end management investment company. The fund primarily invests in municipal bonds and high-yield securities. Its portfolio of investments include companies operating in various sectors, such as airport and port, chemicals, healthcare, human services, environmental services, entertainment and tourism, multifamily housing, single family housing, tobacco, transportation, utilities, paper, and metals sectors. Massachusetts Financial Services Company serves as investment advisor of the trust. The trust was founded in 1986 and is based in Boston, Massachusetts.
Classification

Sector: Financial Services
Industry: Asset Management
Keywords: Chemical Municipal Bond Income Trust Tourism Environmental Services Mfs Investment Management Human Services

Is MFM 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 5.46
52 Week Low 4.2411
Average Volume 74,958
200-Day Moving Average 4.99
50-Day Moving Average 5.20
20-Day Moving Average 5.29
10-Day Moving Average 5.34
Average True Range 0.06
RSI (14) 55.56
ADX 20.91
+DI 29.27
-DI 14.33
Chandelier Exit (Long, 3 ATRs) 5.28
Chandelier Exit (Short, 3 ATRs) 5.27
Upper Bollinger Bands 5.41
Lower Bollinger Band 5.16
Percent B (%b) 0.67
BandWidth 4.81
MACD Line 0.05
MACD Signal Line 0.04
MACD Histogram 0.007
Fundamentals Value
Market Cap 219.53 Million
Num Shares 41.2 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 177.67
Price-to-Sales 13.11
Price-to-Book 1.00
PEG Ratio 0.00
Dividend 0.22
Dividend Yield 4.13%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.45
Resistance 3 (R3) 5.46 5.43 5.43
Resistance 2 (R2) 5.43 5.40 5.43 5.42
Resistance 1 (R1) 5.38 5.38 5.37 5.37 5.42
Pivot Point 5.35 5.35 5.34 5.35 5.35
Support 1 (S1) 5.30 5.32 5.29 5.29 5.24
Support 2 (S2) 5.27 5.30 5.27 5.24
Support 3 (S3) 5.22 5.27 5.23
Support 4 (S4) 5.21