Nuveen Performance Plus Municipal Fund Technical Analysis (NYSE:NPP)
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. The NPP Chart pattern can give those who understand technical analysis an indication of which way NPP stock is headed, but cannot predict with 100% certainty as to what can happen to the Nuveen Performance Plus Municipal 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 Performance Plus Municipal Fund. The technical analysis form of Nuveen Performance Plus Municipal 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 Performance Plus Municipal Fund Moving Average
Moving averages show the NPP Price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.34 is above the price of $15.64.
Nuveen Performance Plus Municipal Fund Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Nuveen Performance Plus Municipal Fund. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. The Price is trading between the average and the lower band in the context of Nuveen Performance Plus Municipal Fund bollinger bands.
Nuveen Performance Plus Municipal 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 Performance Plus Municipal Fund MACD indicator is below 0 indicating a bearish trend.
Nuveen Performance Plus Municipal 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. If the RSI of NPP stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.