Nuveen Municipal Income Fund Technical Analysis (NYSE:NMI)
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 NMI Chart pattern can give those who understand technical analysis an indication of which way NMI stock is headed, but cannot predict with 100% certainty as to what can happen to the Nuveen Municipal Income Fund Price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Nuveen Municipal Income Fund. The technical analysis form of Nuveen Municipal Income 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 Municipal Income Fund Moving Average
Moving averages show the average price of NMI stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Nuveen Municipal Income Fund are mostly signals of long term trends and will help long term traders.
Nuveen Municipal Income Fund Bollinger Bands
Bollinger bands comprise of a center line usually NMI SMA, and two NMI 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. The Price is trading between the average and the lower band in the context of Nuveen Municipal Income Fund bollinger bands.
Nuveen Municipal Income 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 Income Fund MACD indicator is below 0 indicating a bearish trend.
Nuveen Municipal Income 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. The relative strength index of NMI stock is 23.47.