MFS Intermediate Income Technical Analysis (NYSE:MIN)
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. The MIN Chart pattern can give those who understand technical analysis an indication of which way MIN stock is headed, but cannot predict with 100% certainty as to what can happen to the MFS Intermediate Income Price.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for MFS Intermediate Income. The technical analysis form of MFS Intermediate Income Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
MFS Intermediate Income Moving Average
Moving averages help predict the price direction of MIN 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 $3.93 is above the last closing price of $3.87 and the 50 day moving average of $3.94 is above the last closing price of $3.87. The 10 and 20 day periods can predict short term moving average trends.
MFS Intermediate Income Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like MFS Intermediate Income. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. MFS Intermediate Income bollinger bands show that the Price is $3.87, upper band is 4, lower band is 3.87, and the average is 3.93.
MFS Intermediate Income Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The MFS Intermediate Income MACD indicator is below 0 indicating a bearish trend.
MFS Intermediate Income Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in Price movements . If the RSI of MIN stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.