Western Asset Municipal Partners Fund Technical Analysis (NYSE:MNP)
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 Partners 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 MNP Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Western Asset Municipal Partners Fund. The technical analysis form of Western Asset Municipal Partners Fund Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Western Asset Municipal Partners Fund Moving Average
Moving averages show the MNP Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Western Asset Municipal Partners Fund are mostly signals of long term trends and will help long term traders.
Western Asset Municipal Partners 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 MNP stock. The Price is trading between the average and the lower band in the context of Western Asset Municipal Partners Fund bollinger bands.
Western Asset Municipal Partners 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 Partners Fund MACD indicator is below 0 indicating a bearish trend.
Western Asset Municipal Partners Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of MNP stock is 14.93.