For its latest trading sesion, Western Asset Municipal Defined Opportunity Trust Inc (NYSE:MTT) spiked up by 0.3% – here is what that looked like (as of 2019-12-11):
What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 49.971, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.141, an Accumulation/Distribution Index (ADI) of 0.141, an On-Balance Volume (OBV) of 55.085, and a Chaiikin Money Flow (CMF) of 21.19. 1.0
So what do these technical indicators mean? Let’s see. According to Trading View, putting it all together gets the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
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