Nuveen New York Municipal Value Fund Technical Analysis (NYSE:NNY)
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 New York Municipal Value Fund Price data and volume are plotted in NNY Charts and these trading charts form the basis of technical analysis.
See Nuveen New York Municipal Value 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 New York Municipal Value Fund Analysis.
Nuveen New York Municipal Value Fund Moving Average
Moving averages help predict the price direction of NNY 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 New York Municipal Value Fund are mostly signals of long term trends and will help long term traders.
Nuveen New York Municipal Value Fund Bollinger Bands
Bollinger bands comprise of a center line usually NNY SMA, and two NNY 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 New York Municipal Value Fund bollinger bands show that the Price is $9.21, upper band is 9.35, lower band is 9.14, and the average is 9.24.
Nuveen New York Municipal Value 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 New York Municipal Value Fund MACD line is above the signal line.
Nuveen New York Municipal Value Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 40.68 is the RSI value of NNY stock.