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MainStay DefinedTerm Municipal Fund Forecast NYSE:MMD

$21.04 (0.29%)

Volume: 75k

Closed: Dec 08, 2021

Hollow Logo Score: -1.891

MainStay DefinedTerm Municipal Fund Forecast

$21.04 (0.29%)

Volume: 75k

Closed: Dec 08, 2021

Score Hollow Logo -1.891
Which way will MMD go? Request
Key Stats
Beta 0.18
Trailing Dividend Rate 4.75% ($1.00)
Next Dividend Date Dec 14, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the fund is currently not being overbought or oversold

MainStay DefinedTerm Municipal fund price up 0.29% on Wednesday
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The MainStay DefinedTerm Municipal fund price gained 0.29% on the last trading day (Wednesday, 8th Dec 2021), rising from $20.98 to $21.04. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the fund fluctuated 0.50% from a day low at $20.99 to a day high of $21.09. The price has fallen in 6 of the last 10 days and is down by -0.94% for this period. Volume fell on the last day by -12 thousand shares and in total, 75 thousand shares were bought and sold for approximately $1.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The fund lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -5.88% during the next 3 months and, with a 90% probability hold a price between $19.37 and $20.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are mixed signals in the fund today. The MainStay DefinedTerm Municipal fund holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $21.23. On a fall, the fund will find some support from the short-term average at $20.92. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, December 02, 2021, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The fund should be watched closely.

Support, Risk & Stop-loss

MainStay DefinedTerm Municipal finds support from accumulated volume at $20.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.11 between high and low, or 0.50%. For the last week the fund has had a daily average volatility of 1.56%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is MainStay DefinedTerm Municipal Opportunities Fund fund A Buy?

MainStay DefinedTerm Municipal holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -1.891

Predicted Opening Price for MainStay DefinedTerm Municipal Opportunities Fund of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$21.04 $21.04 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.56 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.56 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $21.24
Price: $21.04
Support: $20.98

MMD Insider Trading Show all Trades

INSIDER POWER

1.587

Last 75 transactions
Buy: 98 904 | Sell: 62 333 (Shares)
Date Action Amount Person Type
May 21, 2021 Buy 400 Hung Yie-hsin Shares of beneficial interest
May 12, 2021 Sell 3 000 Lawlor John J Shares of beneficial interest
May 12, 2021 Sell 2 500 Phlegar Jeffrey S Shares of beneficial interest
May 10, 2021 Sell 320 Dimella Robert A Shares of beneficial interest
May 10, 2021 Sell 244 Dimella Robert A Shares of beneficial interest
Show all Insider Trades
INSIDER POWER

1.587

Last 75 transactions
Buy: 98 904 | Sell: 62 333 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 21.14 0.49 %
21.10 0.30 %
21.08 0.18 %
Current price: 21.04
Support 21.00 -0.20 %
20.97 -0.32 %
20.93 -0.51 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 21.34 1.43 %
21.28 1.14 %
21.24 0.95 %
Current price 21.04
Support 20.98 -0.29%
20.86 -0.86%
20.66 -1.81%

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