Nuveen Municipal Market Opportunity Fund Technical Analysis (NYSE:NMO)
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. Just by looking at the Nuveen Municipal Market Opportunity 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 NMO Chart which creates a trading signal.
See Nuveen Municipal Market Opportunity Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. 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 Market Opportunity Fund Analysis.
Nuveen Municipal Market Opportunity Fund Moving Average
Moving averages help predict the price direction of NMO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $15.1 is above the price of $14.76.
Nuveen Municipal Market Opportunity Fund Bollinger Bands
Bollinger bands comprise of a center line usually NMO SMA, and two NMO 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. Nuveen Municipal Market Opportunity Fund bollinger bands show that the Price is $14.76, upper band is 15.28, lower band is 14.92, and the average is 15.1.
Nuveen Municipal Market Opportunity 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 Market Opportunity Fund MACD indicator is below 0 indicating a bearish trend.
Nuveen Municipal Market Opportunity 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 NMO stock is 25.