Western Asset Municipal High Income Fund (MHF) Technical Analysis: Signals, Charts & Indicators

3.38 / 10

Netural

The technical landscape scores 3.38/10, characterizing challenging technical structure. Favorable impulses from MACD Golden Cross encounter resistance from Bearish Engulfing and Marubozu White. Technical conclusion: cautious.

Analysis Checks(1/3)

Bearish Engulfing

Score1/10

Win Rate0.00%

Hist. Signals4

Avg Return-1.21%

MACD Golden Cross

Score7.46/10

Win Rate70.00%

Hist. Signals10

Avg Return0.26%

Marubozu White

Score1.69/10

Win Rate40.74%

Hist. Signals27

Avg Return-0.04%

Technical Analysis of MHF?

MHF presents a Netural setup with a Technical Score of 3.38/10. Key technical indicators highlight an RSI of 51.35 and a MACD of 0.04, with the trend anchored by the 50-Day SMA at 6.90. Traders should monitor key support at 6.88 and resistance at 6.97.