RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MFM
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MFS Municipal Income Trust stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The MFS Municipal Income Trust stock price gained 1.55% on the last trading day (Thursday, 28th Mar 2024), rising from $5.29 to $5.37. During the last trading day the stock fluctuated 2.09% from a day low at $5.26 to a day high of $5.37. The price has fallen in 5 of the last 10 days but is still up by 1.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 138 thousand shares were bought and sold for approximately $742.79 thousand.

The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $5.40 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.99% during the next 3 months and, with a 90% probability hold a price between $5.39 and $5.57 at the end of this 3-month period.

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MFM Signals & Forecast

The MFS Municipal Income Trust stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.31 and $5.29. A breakdown below any of these levels will issue sell signals. MFS Municipal Income Trust 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 MFS Municipal Income Trust stock

MFS Municipal Income Trust finds support from accumulated volume at $5.27 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 $0.110 between high and low, or 2.09%. For the last week the stock has had daily average volatility of 1.12%.

Our recommended stop-loss: $5.16 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (MFM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MFS Municipal Income Trust to open at $5.33, and during the day (based on 14 day Average True Range), to move between $5.31 and $5.43, which gives a possible trading interval of +/-$0.0622 (+/-1.16%) up or down from last closing price. If MFS Municipal Income Trust takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.27, some $0.100 (1.86%) from the current price of $5.37, our system finds the risk reward attractive.

Is MFS Municipal Income Trust stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MFS Municipal Income Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.165 Buy Candidate Upgraded

Predicted Opening Price for MFS Municipal Income Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$5.33 ( 0.683%) $5.37

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

Trading levels for MFM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 5.44 1.37 %
R2 5.40 0.583 %
R1 5.38 0.0997 %
Current price: 5.37
Support S1 5.29 -1.47 %
S2 5.27 -1.95 %
S3 5.22 -2.73 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.37
Support S1 5.27 -1.86%
S2 5.26 -2.05%
S3 5.21 -2.98%

MFM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 12, 2024 Mar 12, 2024 Mar 28, 2024 $0.0205 0.382%
2 Feb 01, 2024 Feb 13, 2024 Feb 29, 2024 $0.0195 0.370%
3 Jan 02, 2024 Jan 16, 2024 Jan 31, 2024 $0.0185 0.353%
4 Dec 01, 2023 Dec 19, 2023 Dec 29, 2023 $0.0175 0.338%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0180 0.355%

FAQ

What is the symbol for MFS Municipal Income Trust Stock and on which exchange is it traded?
The symbol for MFS Municipal Income Trust is MFM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell MFS Municipal Income Trust Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MFS Municipal Income Trust stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

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

What's the current price of MFS Municipal Income Trust Stock?
As of the end of day on the 2024-03-28, the price of an MFS Municipal Income Trust (MFM) share was $5.37.

What is the 52-week high and low for MFS Municipal Income Trust Stock?
The 52-week high for MFS Municipal Income Trust Stock is $5.48 and the 52-week low is $4.37.

What is the market capitalization of MFS Municipal Income Trust Stock?
As of the 2024-03-28, the market capitalization of MFS Municipal Income Trust is 221.177M.
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About MFS Municipal Income Trust

MFS Municipal Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. MFS Municipal Income Trust was founded in November 25, 1986 and and is domiciled in United States... MFM Profile

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