Technical Analysis for MHF - Western Asset Municipal High Income Fund, Inc.

Grade Last Price % Change Price Change
D 6.94 -0.86% -0.06
MHF closed down 0.86 percent on Friday, November 1, 2024, on 71 percent of normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -0.86%
50 DMA Resistance Bearish -0.86%
Shooting Star Candlestick Bearish -0.86%
Bullish Engulfing Bullish -0.86%
Stochastic Buy Signal Bullish -0.86%
Pocket Pivot Bullish Swing Setup -0.86%
Wide Range Bar Range Expansion -0.86%

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Profile

Western Asset Municipal High Income Fund, Inc. Description

Legg Mason Partners Income Trust - Western Asset Municipal High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivisions, agencies and public authorities. The fund seeks to invest in investment grade debt securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization to create its portfolio. It benchmarks the performance of its portfolio against the Lehman Brothers Municipal Bond Index. The fund was formerly known as Municipal High Income Fund Inc. Legg Mason Partners Income Trust - Western Asset Municipal High Income Fund Inc. was formed on November 28, 1988 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Bond Mutual Fund Debt Securities Income Trust Legg Mason Legg Mason Partners Fund Western Asset Management Company Nationally Recognized Statistical Rating Organization Leisure Goods Index

Is MHF 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 7.3202
52 Week Low 5.8626
Average Volume 77,825
200-Day Moving Average 6.72
50-Day Moving Average 7.15
20-Day Moving Average 7.13
10-Day Moving Average 7.05
Average True Range 0.09
RSI (14) 30.56
ADX 20.89
+DI 33.29
-DI 23.08
Chandelier Exit (Long, 3 ATRs) 7.02
Chandelier Exit (Short, 3 ATRs) 7.17
Upper Bollinger Bands 7.36
Lower Bollinger Band 6.91
Percent B (%b) 0.07
BandWidth 6.33
MACD Line -0.06
MACD Signal Line -0.03
MACD Histogram -0.0293
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.05
Resistance 3 (R3) 7.06 7.04 7.03
Resistance 2 (R2) 7.04 7.01 7.03 7.02
Resistance 1 (R1) 6.99 6.99 6.98 6.98 7.02
Pivot Point 6.96 6.96 6.96 6.96 6.96
Support 1 (S1) 6.92 6.94 6.90 6.90 6.86
Support 2 (S2) 6.89 6.92 6.89 6.86
Support 3 (S3) 6.84 6.89 6.85
Support 4 (S4) 6.83