Technical Review on Shares of Nuveen Enhanced Muni Value Fund (NEV)


A modification of the simple overbought or oversold trade setup is the addition of the 100-period exponential moving average, which is used by institutional traders as a very powerful support-resistance tool. If the RSI is closer to 100, this may indicate a period of stronger momentum. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally. The CCI was developed by Donald Lambert. The normal reading of a stock will fall in the range of 30 to 70. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. One of the most popular time frames using RSI is the 14-day. Many technical chart analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move.

Interested investors may be watching the Williams Percent Range or Williams %R. With the PPOH above zero, traders may be alerted that the stock is in buy territory. The Fund seeks to provide current income exempt from regular federal income tax and to enhance portfolio value. A reading between 0 and -20 would indicate an overbought situation. Checking in on some other technical levels, the 14-day RSI is now at 41.56, the 7-day stands at 38.98, and the 3-day is sitting at 46.71. The ATR basically measures the volatility of a stock on a day-to-day basis. The RSI can help display whether the bulls or the bears are now strongest in the market. CCI generally measures the current price relative to the average price level over a specific time period. The Williams %R oscillates in a range from 0 to -100. Nuveen Dividend Advantage Municipal Fund earned a media sentiment score of 0.23 on Accern's scale. On the flip side, an RSI near 0 may signal weaker momentum.

For further review, we can take a look at another popular technical indicator.

Company shares last traded at $14.01 just a bit higher than $13.78, the 50 day moving average and which is marginally higher than the 200 day moving average of $13.85. Moving averages can help identify trends and price reversals. Many traders will use the ADX alongside other indicators in order to help spot proper trading entry/exit points. The time horizon for each investor may be different. It improved, as 1 investors sold Nuveen NY Select Tax-Free Income Portfol shares while 1 reduced holdings. The failure rate is higher but the average decline is reasonable. Managing confidence in the markets may play a pivotal role when making tough investing decisions.



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