MFS MUNICIPAL INCOME TRUST (MFM) Stock Technical Analysis
NYSE:MFM - New York Stock Exchange, Inc. - US5527381066 - Currency: USD
Taking everything into account, MFM scores 1 out of 10 in our technical rating. MFM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
MFM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
When comparing the performance of all stocks over the past year, MFM turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
In the last month MFM has a been trading in the 4.94 - 5.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, MFM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.05, a Stop Loss order could be placed below this zone.
More info and screens
4.92
5.85
When analyzing the support we notice one important area.
- A support zone ranging from 4.97 to 5.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.22 to 5.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.44 to 5.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 5.64 to 5.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 5.74 to 5.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.16
Mansfield-0.32
10 Day High5.16
10 Day Low4.97
20 Day High5.41
20 Day Low4.94
52 Week High5.78
52 Week Low4.94
Performance
1 Week2.6%
2 Weeks3.01%
1 Month-3.21%
3 Month-5.52%
6 Month-7.73%
12 Month-0.19%
2 Year-1.72%
3 Year-7.4%
5 Year-12.31%
10 Year-23.55%
15 Year-25.54%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)45.44
LBB4.94
UBB5.16
NYSE:MFM (4/28/2025, 8:24:23 PM)
5.13
-0.02 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.39%
1 Week2.6%
2 Weeks3.01%
1 Month-3.21%
3 Month-5.52%
6 Month-7.73%
12 Month-0.19%
2 Year-1.72%
3 Year-7.4%
5 Year-12.31%
10 Year-23.55%
15 Year-25.54%
Volatility
ATR(14)0.09
ATR(20)%1.61%
ATR Inc-31.74%
Range Today0.04
ADR(20)0.08
ADR(20)%1.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.16
Mansfield-0.32
10 Day High5.16
10 Day Low4.97
20 Day High5.41
20 Day Low4.94
52 Week High5.78
52 Week Low4.94
CS1 End5.05
CR1 Start5.22
Volume & EV
DER(3)-0.19%
DER(5)-1.31%
Volume56.30K
Volume Incr-35.85%
Vol(5)135.54K
Vol(50)143.76K