RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FMN
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Federated Premier Municipal Income Fund stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Loss -1.02% PDF

The Federated Premier Municipal Income Fund stock price gained 0.0497% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.06 to $11.07. During the last trading day the stock fluctuated 0.544% from a day low at $11.02 to a day high of $11.08. The price has risen in 6 of the last 10 days but is still down by -1.02% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately $294.61 thousand.

The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Federated Premier Municipal Income Fund stock with a 90% probability to be traded between $11.05 and $11.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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FMN Signals & Forecast

There are mixed signals in the stock today. The Federated Premier Municipal Income Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.09 and $11.14. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 0.322%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Federated Premier Municipal Income Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Wednesday, July 12, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Federated Premier Municipal Income Fund stock

Federated Premier Municipal Income Fund finds support from accumulated volume at $11.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0600 between high and low, or 0.544%. For the last week the stock has had daily average volatility of 0.716%.

Our recommended stop-loss: $10.39 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (FMN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Federated Premier Municipal Income Fund to open at $11.06, and during the day (based on 14 day Average True Range), to move between $10.99 and $11.14, which gives a possible trading interval of +/-$0.0762 (+/-0.69%) up or down from last closing price. If Federated Premier Municipal Income Fund takes out the full calculated possible swing range there will be an estimated 1.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.06 (0.05%) than the resistance at $11.13 (0.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Federated Premier Municipal Income Fund stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Federated Premier Municipal Income Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.544 Buy Candidate Upgraded

Predicted Opening Price for Federated Premier Municipal Income Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.06 ( 0.0934%) $11.07

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

Trading levels for FMN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.12 0.449 %
R2 11.09 0.242 %
R1 11.08 0.114 %
Current price: 11.07
Support S1 11.03 -0.301 %
S2 11.02 -0.428 %
S3 11.00 -0.636 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.22 1.40 %
R2 11.21 1.31 %
R1 11.13 0.583 %
Current price 11.07
Support S1 11.06 -0.0497%
S2 11.04 -0.230%
S3 10.95 -1.04%

FMN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 21, 2024 Mar 21, 2024 Apr 01, 2024 $0.0350 0.316%
2 Feb 12, 2024 Feb 22, 2024 Mar 01, 2024 $0.0350 0.316%
3 Jan 22, 2024 Jan 22, 2024 Jan 22, 2024 $0 0%
4 Dec 21, 2023 Dec 21, 2023 Jan 02, 2024 $0.0350 0.317%
5 Nov 10, 2023 Nov 21, 2023 Dec 01, 2023 $0.0350 0.331%

FAQ

What is the symbol for Federated Premier Municipal Income Fund Stock and on which exchange is it traded?
The symbol for Federated Premier Municipal Income Fund is FMN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Federated Premier Municipal Income Fund Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Federated Premier Municipal Income Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Federated Premier Municipal Income Fund Stock?
Federated Premier Municipal Income Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Federated Premier Municipal Income Fund Stock.

What's the current price of Federated Premier Municipal Income Fund Stock?
As of the end of day on the 2024-03-27, the price of an Federated Premier Municipal Income Fund (FMN) share was $11.07.

What is the 52-week high and low for Federated Premier Municipal Income Fund Stock?
The 52-week high for Federated Premier Municipal Income Fund Stock is $11.31 and the 52-week low is $9.09.

What is the market capitalization of Federated Premier Municipal Income Fund Stock?
As of the 2024-03-27, the market capitalization of Federated Premier Municipal Income Fund is 127.232M.
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About Federated Premier Municipal Income Fund

Federated Premier Municipal Income Fund is a closed-ended fixed income mutual fund launched by Federated Investors, Inc. The fund is managed by Federated Investment Management Company. It invests in fixed income markets of United States. The fund primarily invests in tax-exempt municipal bonds of GO state, GO local, special tax, hospital, transportation, pre-refunded, senior care, water and sewer, education, electric and gas, and public power sec... FMN Profile

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