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Putnam Managed Municipal Income Trust is projected to rise to $8.63 by 2027, a +32% move from its current price of $6.53. PMM is currently trading above its 50-day average (a bullish sign). Technical indicators currently lean strong buy.
A data-driven summary — not financial advice. See the full breakdown below.
Live market data via Yahoo Finance · updated 7/12/2026
| Period | Min | Prediction | Max | Change |
|---|---|---|---|---|
| Jul 14 | $6.50 | $6.53 | $6.57 | +0.04% |
| Jul 15 | $6.49 | $6.54 | $6.58 | +0.09% |
| Jul 16 | $6.48 | $6.54 | $6.60 | +0.13% |
| Jul 17 | $6.47 | $6.54 | $6.61 | +0.17% |
| Jul 18 | $6.47 | $6.54 | $6.62 | +0.21% |
| Jul 19 | $6.46 | $6.55 | $6.63 | +0.26% |
| Jul 20 | $6.46 | $6.55 | $6.64 | +0.30% |
| Period | Min | Prediction | Max | Change |
|---|---|---|---|---|
| Week 1 | $6.46 | $6.55 | $6.64 | +0.30% |
| Week 2 | $6.44 | $6.57 | $6.70 | +0.60% |
| Week 3 | $6.43 | $6.59 | $6.75 | +0.90% |
| Week 4 | $6.42 | $6.61 | $6.80 | +1.20% |
| Week 5 | $6.42 | $6.63 | $6.84 | +1.50% |
| Week 6 | $6.42 | $6.65 | $6.88 | +1.80% |
| Week 7 | $6.42 | $6.67 | $6.92 | +2.11% |
Short-term targets derived from the forecast trend and recent volatility. Highly uncertain — not financial advice.
Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States, primarily in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.
The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. Putnam Managed Municipal Income Trust was formed on February 24, 1989 and is domiciled in the United States.
PMM is currently priced at $6.35 per share and operates as a fixed income mutual fund focused on tax-exempt municipal securities. The fund has a market capitalization of $271.99M and is ranked 3365. The current price sits within a near-term technical framework that aligns with a bullish sentiment, as reflected in the latest indicators and forecast trajectory.
A major floor 8.9% below — a decisive break under it would weaken the trend.
The nearest floor, 4.9% below — buyers have tended to step in here.
Price is pressing into resistance (0.3% away) — a breakout level to watch.
A major ceiling 3.7% above — clearing it would confirm fresh momentum.
Key PMM support and resistance from recent price action — levels where the trend has historically paused or reversed. Percentages are the distance from the current price.
A snapshot of PMM market posture derived from its technical indicators and recent volatility. Higher trend and alignment lean bullish; higher risk means larger swings.
Technical Analysis
Indicators computed on daily closing prices.
| Period | SMA | Action | EMA | Action |
|---|---|---|---|---|
| MA 5 | $6.51 | Buy | $6.52 | Buy |
| MA 10 | $6.50 | Buy | $6.49 | Buy |
| MA 20 | $6.41 | Buy | $6.43 | Buy |
| MA 50 | $6.30 | Buy | $6.34 | Buy |
| MA 100 | $6.27 | Buy | $6.28 | Buy |
| MA 200 | $6.22 | Buy | $6.22 | Buy |
| Name | Value | Action |
|---|---|---|
| RSI (14) | 66.07 | Neutral |
| Stoch RSI (14) | 29.69 | Neutral |
| CCI (20) | 86.32 | Neutral |
| Williams %R (14) | -10.00 | Info |
| MACD (12,26,9) | 0.01 | Buy |
| ROC (12) | 2.67 | Buy |
| Bollinger %B (20,2) | 0.80 | Neutral |
| Stochastic %K (14) | 90.00 | Sell |
| TRIX (15) | 0.15 | Buy |
| Awesome (5,34) | 0.18 | Buy |
| Ultimate (7,14,28) | 56.25 | Neutral |
| Momentum (10) | 0.18 | Buy |
| Aroon Osc (25) | 84.00 | Buy |
| Hull MA (9) | 6.51 | Buy |
| ADX (14) | 28.42 | Buy |
| ATR (14) | 0.03 | Info |
The near-term picture shows a bullish stance with RSI(14) at 60. The 50-day simple moving average sits at $6.23 and the 200-day simple moving average at $6.19, providing a constructive backdrop for the price level. Support is identified at $6.16 and resistance at $6.36, outlining a tight trading range.
| Year | Min | Avg | Max | ROI | Sentiment |
|---|---|---|---|---|---|
| $5.95 | $6.53 | $8.32 | 0% | Neutral | |
| $7.07 | $8.63 | $11.02 | +32% | Bullish | |
| $7.75 | $9.64 | $12.64 | +48% | Bullish | |
| $8.66 | $10.94 | $14.64 | +67% | Bullish | |
| $9.29 | $11.89 | $16.21 | +82% | Bullish | |
| $9.00 | $11.66 | $16.14 | +79% | Bullish | |
| $10.14 | $13.28 | $18.65 | +103% | Bullish | |
| $11.79 | $15.61 | $22.21 | +139% | Bullish | |
| $13.13 | $17.56 | $25.27 | +169% | Bullish | |
| $14.49 | $19.56 | $28.48 | +200% | Bullish | |
| $20.07 | $28.26 | $43.10 | +333% | Bullish | |
| $34.02 | $51.37 | $84.00 | +687% | Bullish |
Current year — the forecast is anchored to the live price, so ROI shows 0%.
| Month | Min | Avg | Max | Change |
|---|---|---|---|---|
| July 2026 | $5.95 | $6.53 | $7.67 | +0.00% |
| August 2026 | $5.59 | $6.54 | $7.82 | +0.19% |
| September 2026 | $5.77 | $6.79 | $8.18 | +3.76% |
| October 2026 | $5.80 | $6.85 | $8.31 | +0.88% |
| November 2026 | $5.67 | $6.72 | $8.20 | -1.86% |
| December 2026 | $5.71 | $6.79 | $8.32 | +1.03% |
Click any year to see its month-by-month PMM forecast. Min / Avg / Max are a bear / base / bull scenario; ROI is the projected move from the current price. Change is the month-over-month move in the average. Estimates, not guarantees.
Expect PMM to range from $5.95 to $8.32 through 2026. The $6.53 average target implies a 0% move from current prices. A consolidation phase looks the most probable path here.
The PMM price prediction for 2027 points to an average of $8.63 (low $7.07, high $11.02) — a potential gain of +32% on today's $6.53. Momentum favours further upside here.
In 2028, PMM is projected to trade between $7.75 and $12.64, averaging $9.64 — a potential gain of +48% from today's $6.53. That is up +12% on the projected 2027 average. Buyers look set to stay in control over this stretch.
Putnam Managed Municipal Income Trust's 2029 outlook centres on $10.94, within a $8.66 to $14.64 range. That is up +13% on the projected 2028 average. That marks a +67% change versus current levels. Momentum favours further upside here.
By 2030, PMM could reach as high as $16.21, with a base case around $11.89 and support toward $9.29 — roughly +82% from $6.53. Buyers look set to stay in control over this stretch.
Expect PMM to range from $9.00 to $16.14 through 2031. The $11.66 average target implies a +79% move from current prices. That is -2% versus the projected 2030 average. Momentum favours further upside here.
The PMM price prediction for 2032 points to an average of $13.28 (low $10.14, high $18.65) — a potential gain of +103% on today's $6.53. Buyers look set to stay in control over this stretch.
In 2033, PMM is projected to trade between $11.79 and $22.21, averaging $15.61 — a potential gain of +139% from today's $6.53. That is up +18% on the projected 2032 average. Momentum favours further upside here.
Putnam Managed Municipal Income Trust's 2034 outlook centres on $17.56, within a $13.13 to $25.27 range. That is up +12% on the projected 2033 average. That marks a +169% change versus current levels. Buyers look set to stay in control over this stretch.
By 2035, PMM could reach as high as $28.48, with a base case around $19.56 and support toward $14.49 — roughly +200% from $6.53. Momentum favours further upside here.
Expect PMM to range from $20.07 to $43.10 through 2040. The $28.26 average target implies a +333% move from current prices. That is up +44% on the projected 2035 average. Buyers look set to stay in control over this stretch.
The PMM price prediction for 2050 points to an average of $51.37 (low $34.02, high $84.00) — a potential gain of +687% on today's $6.53. Momentum favours further upside here.
Investing $1,000 in PMM today (≈ 153.139357 PMM) could be worth
$7,866.93
+$6,866.93 (+687%) by 2050 · US Dollar
Based on the average projected PMM price of $51.37 in 2050.
Based on the base (average) forecast scenario. FX rates are indicative. Estimates only — not financial advice.
See what a past investment in PMMwould be worth at today's price.
$1,000 invested in PMM on Jul 10, 2025 (≈ 168.350167 PMM) would be worth
$1,099.33
+$99.33 (+9.9%) today · 1.10× · US Dollar
Based on a PMM entry price of $5.94 vs. today's $6.53.
| Invested | Entry price | Value today | Return |
|---|---|---|---|
| 1 week ago | $6.52 | $1,001.53 | +0.2% |
| 1 month ago | $6.29 | $1,038.16 | +3.8% |
| 3 months ago | $6.22 | $1,049.84 | +5.0% |
| 6 months ago | $6.28 | $1,039.81 | +4.0% |
| 1 year ago | $5.94 | $1,099.33 | +9.9% |
| All time (5.0y) ago | $8.65 | $754.91 | -24.5% |
Past performance from historical market data — it does not predict future results. FX rates are indicative. Not financial advice.
Enter a price to see how it sits against our PMM forecast.
Our base-case forecast reaches $13.00 around 2032.
Implied market cap at $13.00: $556.83M
Over the multi-year horizon, the average forecast tracks a rising path from 2026 through 2050. The 2026 average is $6.35 with a neutral sentiment, followed by a bullish trajectory: 2027 average $8.36, 2028 $9.44, 2029 $10.72, and 2030 $11.36. The forecast then extends to 2031 $11.23, 2032 $13.08, 2033 $15.03, 2034 $16.80 and 2035 $19.09, all with bullish sentiment and progressively higher ROIs, culminating in 2035 ROI of 200.6%.
By 2040, the average is $27.28 with a ROI of 329.7%, and by 2050 the average reaches $49.34 with a ROI of 677%. The implied price path suggests meaningful upside over time, with bullish sentiment continuing through 2050. These figures are estimates and subject to market conditions and other uncertainties.
Tap a question to reveal the answer.
In 2030 the forecast shows an average price of $11.36, with a minimum of $8.87 and a maximum of $15.50. The ROI is 78.9% and the sentiment is BULLISH.
The forecast indicates bullish sentiment from 2027 onward, with the average price rising from $8.36 in 2027 to $11.36 in 2030 and $49.34 by 2050, corresponding to ROIs up to 677%. 2026 is Neutral with an average of $6.35, suggesting mixed near-term outlook before the longer-term upside.
Yes, the 2035 forecast lists an average of $19.09 and a maximum of $27.80, with a 200.6% ROI. The 2040 forecast shows an average of $27.28, which supports the possibility of moving through $20 in the mid-to-late 2030s depending on market conditions.
For 2026, the minimum is $5.95, the average is $6.35, and the maximum is $8.24. The ROI is 0 and the sentiment is NEUTRAL.
The current price is $6.35 and the market cap is $271.99M.
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