Nuveen Select Maturities Municipal Fund Technical Analysis (NYSE:NIM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The NIM Chart pattern can give those who understand technical analysis an indication of which way NIM stock is headed, but cannot predict with 100% certainty as to what can happen to the Nuveen Select Maturities Municipal Fund Price.
See Nuveen Select Maturities Municipal Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Nuveen Select Maturities Municipal Fund Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Nuveen Select Maturities Municipal Fund Moving Average
Moving averages show the average price of NIM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $9.66 is above the last closing price of $9.61 and the 50 day moving average of $9.69 is above the last closing price of $9.61. The 10 and 20 day periods can predict short term moving average trends.
Nuveen Select Maturities Municipal Fund Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the NIM stock. The Price is trading between the average and the lower band in the context of Nuveen Select Maturities Municipal Fund bollinger bands.
Nuveen Select Maturities Municipal Fund Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the Price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current Price trend could come to an end, when the Price diverges from MACD. The Nuveen Select Maturities Municipal Fund MACD indicator can be used to identify bullish and bearish trends for the stock.
Nuveen Select Maturities Municipal Fund Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of NIM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.