Nuveen Municipal Advantage Fund Technical Analysis (NYSE:NMA)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical Charts or trading charts. Just by looking at the Nuveen Municipal Advantage Fund Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the NMA Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Nuveen Municipal Advantage Fund. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of Nuveen Municipal Advantage Fund Analysis.
Nuveen Municipal Advantage Fund Moving Average
Moving averages show the average price of NMA 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 $14.29 is below the last closing price of $14.54 and the 50 day moving average of $14.2 is below the last closing price of $14.54. The 10 and 20 day periods can predict short term moving average trends.
Nuveen Municipal Advantage Fund Bollinger Bands
Bollinger bands comprise of a center line usually NMA SMA, and two NMA Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. Currently the Price of $14.54 is in the upper range of Nuveen Municipal Advantage Fund bollinger bands.
Nuveen Municipal Advantage 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 Municipal Advantage Fund MACD line is above the signal line.
Nuveen Municipal Advantage Fund Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in Price movements . If the RSI of NMA stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.