Capital Group Municipal Income ETF (CGMU)

Capital Group Municipal Income ETF is trading at $27.13, up 0.18% on the session. The 50 day average sits at $27.31 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 46.7, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $27.00 with resistance near $27.20, so that band frames the current range. Average daily movement is roughly $0.06, or about 0.2% of the share price, which is what any stop placement has to allow for. The overall health score of 59 out of 100 combines a trend score of 32, momentum of 66 and a risk score of 92.

The fund will normally invest at least 80% of its assets in, or derive at least 80% of its income from, securities that are exempt from regular federal income tax. The fund will invest up to 30% of its assets in securities that may subject the investors to federal alternative minimum tax. The fund invests at least 65% in debt securities rated BBB- or better or Baa3 or better by NRSRO designated by the fund’s investment adviser. The fund is non-diversified.