WESTERN ASSET MUNICIPAL HIGH (MHF) Stock Technical Analysis
NYSE:MHF - New York Stock Exchange, Inc. - US95766N1037 - Currency: USD
We assign a technical rating of 10 out of 10 to MHF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MHF is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, MHF did better than 73% of all other stocks. On top of that, MHF also shows a nice and consistent pattern of rising prices.
MHF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MHF is lagging the market slightly.
In the last month MHF has a been trading in the 6.95 - 7.79 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although MHF has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.64
7.51
3 important support areas can be observed.
- A support zone ranging from 7.09 to 7.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.94 to 6.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.71 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @7.44 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.19
Mansfield-0.11
10 Day High7.79
10 Day Low7.17
20 Day High7.79
20 Day Low6.95
52 Week High7.79
52 Week Low6.51
Performance
1 Week0.41%
2 Weeks3.19%
1 Month4.65%
3 Month5.39%
6 Month3.92%
12 Month11.73%
2 Year15.19%
3 Year2.48%
5 Year-5.06%
10 Year-2.88%
15 Year-2.24%
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)0.03
RSI(14)59.05
LBB6.99
UBB7.7
NYSE:MHF (2/21/2025, 8:04:00 PM)
7.43
-0.28 (-3.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.63%
1 Week0.41%
2 Weeks3.19%
1 Month4.65%
3 Month5.39%
6 Month3.92%
12 Month11.73%
2 Year15.19%
3 Year2.48%
5 Year-5.06%
10 Year-2.88%
15 Year-2.24%
Volatility
ATR(14)0.13
ATR(20)%1.73%
ATR Inc180.12%
Range Today0.31
ADR(20)0.13
ADR(20)%1.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.19
Mansfield-0.11
10 Day High7.79
10 Day Low7.17
20 Day High7.79
20 Day Low6.95
52 Week High7.79
52 Week Low6.51
CS1 End7.27
CR1 Start7.44
Volume & EV
DER(3)-6.02%
DER(5)-4.49%
Volume196.90K
Volume Incr60.26%
Vol(5)117.18K
Vol(50)78.08K