Nuveen Municipal Income Fund Technical Analysis (NYSE:NMI)
Technical analysis is the study of Price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. The Nuveen Municipal Income Fund Price data and volume are plotted in NMI Charts and these trading charts form the basis of technical analysis.
See Nuveen Municipal Income Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Nuveen Municipal Income Fund Analysis that does not care for the fair value of a company but uses price and volume data only.
Nuveen Municipal Income Fund Moving Average
Moving averages help predict the price direction of NMI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. 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 were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the NMI stock. 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
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The Nuveen Municipal Income Fund MACD line is below the signal line.
Nuveen Municipal Income Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of NMI stock is 26.96.