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 MHF
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Green day on Thursday for Western Asset Municipal High Income Fund stock after gaining 0.295%
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 1.80% PDF

The Western Asset Municipal High Income Fund stock price gained 0.295% on the last trading day (Thursday, 28th Mar 2024), rising from $6.77 to $6.79. During the last trading day the stock fluctuated 0.741% from a day low at $6.75 to a day high of $6.80. The price has risen in 7 of the last 10 days and is up by 2.41% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 46 thousand shares were bought and sold for approximately $312.15 thousand. 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 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 $6.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.86% during the next 3 months and, with a 90% probability hold a price between $6.96 and $7.14 at the end of this 3-month period.

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MHF Signals & Forecast

The Western Asset Municipal High Income Fund 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 $6.74 and $6.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 1.65%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, July 11, 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 Tuesday, July 11, 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 Western Asset Municipal High Income Fund stock

Western Asset Municipal High Income Fund finds support from accumulated volume at $6.61 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0500 between high and low, or 0.741%. For the last week the stock has had daily average volatility of 0.94%

The Western Asset Municipal High Income Fund stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $6.49 (-4.45%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 5 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Western Asset Municipal High Income Fund Inc to open at $6.78, and during the day (based on 14 day Average True Range), to move between $6.73 and $6.85, which gives a possible trading interval of +/-$0.0630 (+/-0.93%) up or down from last closing price. If Western Asset Municipal High Income Fund Inc takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $6.61, some $0.180 (2.65%) from the current price of $6.79, our system finds the risk reward attractive.

Is Western Asset Municipal High Income Fund Inc 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 Western Asset Municipal High Income Fund stock to perform well in the short-term.

Current score: 4.711 Buy Candidate Unchanged

Predicted Opening Price for Western Asset Municipal High Income Fund Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.78 ( 0.147%) $6.79

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

Trading levels for MHF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.83 0.589 %
R2 6.81 0.308 %
R1 6.80 0.134 %
Current price: 6.79
Support S1 6.76 -0.429 %
S2 6.75 -0.602 %
S3 6.73 -0.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 6.79
Support S1 6.61 -2.65%
S2 6.57 -3.24%
S3 6.42 -5.45%

MHF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 May 22, 2024 Jun 03, 2024 $0.0340 0.502%
2 Feb 20, 2024 Apr 22, 2024 May 01, 2024 $0.0340 0.502%
3 Feb 20, 2024 Mar 20, 2024 Apr 01, 2024 $0.0340 0.502%
4 Nov 16, 2023 Feb 21, 2024 Mar 01, 2024 $0.0220 0.333%
5 Nov 14, 2023 Jan 23, 2024 Feb 01, 2024 $0.0220 0.335%

FAQ

What is the symbol for Western Asset Municipal High Income Fund Inc Stock and on which exchange is it traded?
The symbol for Western Asset Municipal High Income Fund Inc is MHF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Western Asset Municipal High Income Fund Inc 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 Western Asset Municipal High Income Fund stock to perform well in the short-term.

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

What's the current price of Western Asset Municipal High Income Fund Inc Stock?
As of the end of day on the 2024-03-28, the price of an Western Asset Municipal High Income Fund Inc (MHF) share was $6.79.

What is the 52-week high and low for Western Asset Municipal High Income Fund Inc Stock?
The 52-week high for Western Asset Municipal High Income Fund Inc Stock is $6.80 and the 52-week low is $5.92.

What is the market capitalization of Western Asset Municipal High Income Fund Inc Stock?
As of the 2024-03-28, the market capitalization of Western Asset Municipal High Income Fund Inc is 147.012M.
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About Western Asset Municipal High Income Fund Inc

Western Asset Municipal High Income Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Western Asset Management Company. The fund invests in the fixed income markets of the United States. It invests primarily in intermediate and long-term municipal debt securities issued by state and local governments including U.S. territories and possessions, political subdivis... MHF Profile

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