Technical Analysis for MFM - MFS Municipal Income Trust

Grade Last Price % Change Price Change
C 5.21 0.39% 0.02
MFM closed up 0.39 percent on Friday, May 24, 2024, on 79 percent of normal volume. It was able to find support at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
50 DMA Support Bullish 0.00%
Crossed Above 20 DMA Bullish 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Fell Below 20 DMA Bearish 0.39%
50 DMA Support Bullish 0.39%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.39%
Gapped Up Strength 0.39%
Down 3 Days in a Row Weakness 0.39%

   Recent Intraday Alerts

Alert Time
20 DMA Resistance about 14 hours ago
Possible Inside Day about 14 hours ago
50 DMA Support about 17 hours ago
1.5x Volume Pace about 17 hours ago
Gap Up Closed 1 day 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 5.4161
52 Week Low 4.2575
Average Volume 72,306
200-Day Moving Average 4.95
50-Day Moving Average 5.19
20-Day Moving Average 5.20
10-Day Moving Average 5.25
Average True Range 0.05
RSI (14) 50.74
ADX 25.07
+DI 23.82
-DI 22.07
Chandelier Exit (Long, 3 ATRs) 5.18
Chandelier Exit (Short, 3 ATRs) 5.17
Upper Bollinger Bands 5.36
Lower Bollinger Band 5.05
Percent B (%b) 0.53
BandWidth 5.95
MACD Line 0.02
MACD Signal Line 0.02
MACD Histogram -0.0023
Fundamentals Value
Market Cap 214.59 Million
Num Shares 41.2 Million
EPS 0.03
Price-to-Earnings (P/E) Ratio 173.67
Price-to-Sales 13.11
Price-to-Book 1.00
PEG Ratio 0.00
Dividend 0.22
Dividend Yield 4.22%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.27
Resistance 3 (R3) 5.27 5.24 5.26
Resistance 2 (R2) 5.24 5.23 5.25 5.26
Resistance 1 (R1) 5.23 5.22 5.24 5.23 5.25
Pivot Point 5.20 5.20 5.21 5.21 5.20
Support 1 (S1) 5.19 5.19 5.20 5.19 5.17
Support 2 (S2) 5.16 5.18 5.17 5.16
Support 3 (S3) 5.15 5.16 5.16
Support 4 (S4) 5.15