Technical Analysis for MMU - Western Asset Managed Municipals Fund, Inc.
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 10.34 | -0.10% | -0.01 |
MMU closed down 0.1 percent on Friday, July 5, 2024, on 88 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Shooting Star Candlestick | Bearish | 0.00% | |
| Lizard Bearish | Bearish Day Trade Setup | 0.00% | |
| Three Weeks Tight | Range Contraction | 0.00% | |
| New 52 Week High | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| New 52 Week High | Strength | -0.10% | |
| Gapped Up | Strength | -0.10% | |
| Overbought Stochastic | Strength | -0.10% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.10% | |
| Gapped Up | Strength | 0.10% |
| Alert | Time |
|---|---|
| Possible NR7 | about 21 hours ago |
| Rose Above Previous Day's High | 1 day ago |
| New 52 Week High | 1 day ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
| Bullish 180 Entry | 3 days ago |
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Basic chart:
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.
Keywords: Exchange Traded Fund ETF Bond Mutual Fund Legg Mason Legg Mason Partners Fund Western Asset Management Company
Classification
Keywords: Exchange Traded Fund ETF Bond Mutual Fund Legg Mason Legg Mason Partners Fund Western Asset Management Company
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 10.4 |
| 52 Week Low | 8.2845 |
| Average Volume | 129,973 |
| 200-Day Moving Average | 9.66 |
| 50-Day Moving Average | 10.09 |
| 20-Day Moving Average | 10.23 |
| 10-Day Moving Average | 10.30 |
| Average True Range | 0.08 |
| RSI (14) | 62.55 |
| ADX | 18.52 |
| +DI | 26.98 |
| -DI | 15.61 |
| Chandelier Exit (Long, 3 ATRs) | 10.16 |
| Chandelier Exit (Short, 3 ATRs) | 10.15 |
| Upper Bollinger Bands | 10.44 |
| Lower Bollinger Band | 10.01 |
| Percent B (%b) | 0.77 |
| BandWidth | 4.13 |
| MACD Line | 0.07 |
| MACD Signal Line | 0.07 |
| MACD Histogram | 0.0058 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 10.44 | ||||
| Resistance 3 (R3) | 10.45 | 10.42 | 10.42 | ||
| Resistance 2 (R2) | 10.42 | 10.40 | 10.42 | 10.42 | |
| Resistance 1 (R1) | 10.38 | 10.38 | 10.37 | 10.37 | 10.41 |
| Pivot Point | 10.36 | 10.36 | 10.35 | 10.35 | 10.36 |
| Support 1 (S1) | 10.32 | 10.33 | 10.31 | 10.31 | 10.27 |
| Support 2 (S2) | 10.29 | 10.32 | 10.29 | 10.26 | |
| Support 3 (S3) | 10.25 | 10.29 | 10.26 | ||
| Support 4 (S4) | 10.24 |
