MMU Western Asset Managed Municipals Fund Forecast, Technical & Fundamental Analysis
MMU in -1.64% downward trend, sliding for three consecutive days on September 27, 2023
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where MMU declined for three days, in of 296 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 11, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on MMU as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for MMU turned negative on September 12, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for MMU entered a downward trend on September 27, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MMU advanced for three days, in of 294 cases, the price rose further within the following month. The odds of a continued upward trend are .
MMU may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MMEYX | 38.91 | 0.42 | +1.09% |
| Victory Integrity Discovery Y | |||
| TBDCX | 9.47 | 0.02 | +0.21% |
| PGIM Jennison Diversified Growth C | |||
| FASCX | 10.49 | 0.01 | +0.10% |
| K2 Alternative Strategies C | |||
| TRIPX | 20.23 | -0.05 | -0.25% |
| TIAA-CREF International Eq Idx Premier | |||
| BARDX | 8.28 | -0.05 | -0.60% |
| iShares Developed Real Estate Idx Inv A | |||
MMU and
Correlation & Price change
A.I.dvisor indicates that over the last year, MMU has been closely correlated with NAD. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if MMU jumps, then NAD could also see price increases.