Western Asset Municipal High Income Fund Technical Analysis (NYSE:MHF)

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$7.15 $0.01 (0.14%) MHF stock closing price Apr 20, 2018 (Closing)

Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the Western Asset Municipal High Income Fund Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the MHF Chart which creates a trading signal.

You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Western Asset Municipal High Income Fund. Technical analysis uses an approach for Western Asset Municipal High Income Fund Analysis that does not care for the fair value of a company but uses price and volume data only.

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Western Asset Municipal High Income Fund Moving Average

Moving averages help predict the price direction of MHF stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $7.18 is above the last closing price of $7.15 and the 50 day moving average of $7.2 is above the last closing price of $7.15. The 10 and 20 day periods can predict short term moving average trends.

Western Asset Municipal High Income Fund Bollinger Bands

Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the MHF stock. The Price is trading between the average and the lower band in the context of Western Asset Municipal High Income Fund bollinger bands.

Western Asset Municipal High Income Fund Moving Average Convergence Divergence or MACD

The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Western Asset Municipal High Income Fund MACD line is below the signal line.

Western Asset Municipal High Income Fund Relative Strength Index

The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 40 is the RSI value of MHF stock.

MHF Price Details

Prev Close* $7.16
Open $7.12
Day Low $7.12
Day High $7.16
Volume 32,676
52 Week High $8.05
52 Week Low $7.08
Market Cap
$154.68M
Dividend
0.31