FMNY Stock Analysis: Buy, Sell, or Hold?
FMNY - First Trust New York Municipal High Income ETF
$26.20
-0.04 (-0.16%)
▼
5d:
-0.25%
30d:
-0.74%
90d:
-1.62%
WAIT
LOW Confidence
Analysis Updated: Aug 26, 2026 12:00 AM ET
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 MIXED SIGNALS: FMNY shows conflicting indicators. Wait for confirmation before entering.
📊 MIXED SIGNALS: FMNY shows conflicting indicators. Wait for confirmation before entering.
In-depth Analysis How we analyze
Valuation Analysis: FMNY is currently trading at $26.20, which is considered oversold relative to its 30-day fair value range of $26.25 to $26.48.
Technical Outlook: Technically, FMNY is in a downtrend. The price is currently testing key support at $26.11. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: FMNY scores 36/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, FMNY is in a downtrend. The price is currently testing key support at $26.11. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: FMNY scores 36/100 on our bottoming-setup gauge. Note this measures entry quality, not trend direction — a low score can mean the chart is extended after a strong run (don't chase) or still falling without stabilization; better entries typically come after a pullback toward the 20-day average. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
OVERSOLD
Historical Trading Range
$26.25 -
$26.48
Company Quality Score
45/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
52.9%
All Signals
- BULLISH: Price oversold vs 30-day range
- BEARISH: Weak technical setup (36/100)
- BULLISH: High volume confirmation
- WARNING: Composite score 45/100 in the bottom quintile — this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$26.25 -
$26.48
Current vs Trading Range
OVERSOLD
Support & Resistance Levels
Support Level
$26.11
Resistance Level
$26.54
Current Trend
Downtrend
Technical data as of
Aug 26, 2026
Share & Embed Analysis
Last updated: August 26, 2026 6:54 PM ET
Data refreshes hourly during market hours. Next update: 7:54 PM
Data refreshes hourly during market hours. Next update: 7:54 PM
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Technical Signals Check
Is FMNY showing a specific setup today?