Traders are paying renewed attention to shares of Nuveen New York Muni Value Fund (NNY). At the time of writing the MFI is dropping below 30 and trending lower for the name. One of the most popular time frames using RSI is the 14-day. The RSI is computed base on the speed and direction of a stock's price movement. If price is trending higher and MFI is decreasing over that period, a market top may occur.
When undertaking stock analysis, investors and traders may choose to view multiple technical levels in addition to the MFI.
Zooming in on the numbers for Nuveen New York Muni Value Fund 2 (NYV), we have spotted the 21 day Wilder Moving Average below the 50 day SMA. CCI may also be used to help discover divergences that could possibly signal reversal moves. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. A value between 0 to -20 would represent a strong overbought condition. Ichimoku Kinko Hyo is a visual technical analysis system and the charts are created to be considered in their entirety, with regard given to the relationships between all of the elements, including the price.
The 14-day ADX for Nuveen New York Muni Value Fund (NNY) is standing at 20.63. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. 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. ADX is used to gauge trend strength but not trend direction.
Interested investors may be watching the Williams Percent Range or Williams %R.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. Nuveen New York Muni Value Fund (NNY) now has a 14-day Commodity Channel Index (CCI) of -111.26. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70. If the indicator travels under -80, this may signal that the stock is oversold. The 14-day RSI is now at 33.33, the 7-day stands at 29.33, and the 3-day is sitting at 24.15. When charted, the RSI can serve as a visual means to monitor historical and current strength or weakness in a certain market. The RSI may be more volatile using a shorter period of time. Normal oscillations tend to stay in the range of -100 to +100. Thompson Siegel Walmsley Ltd Liability Corp stated it has 0% in Nuveen Municipal Value Fund Inc (NYSE:NUV). A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The ATR is an indicator developed by J. Welles Wilder. In terms of moving averages, the 200-day is now at 9.99, the 50-day is 10.16, and the 7-day is resting at 9.88. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. On the other side, a stock may be considered to be in a downtrend if trading below the moving average and sloping downward.