Nuveen Investment Quality Municipal Fund Technical Analysis (NYSE:NQM)
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. Just by looking at the Nuveen Investment Quality Municipal 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 NQM Chart which creates a trading signal.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Nuveen Investment Quality Municipal Fund. 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 Investment Quality Municipal Fund Analysis.
Nuveen Investment Quality Municipal Fund Moving Average
Moving averages show the average price of NQM stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $16.15 is above the price of $15.4.
Nuveen Investment Quality Municipal Fund Bollinger Bands
Bollinger bands comprise of a center line usually NQM SMA, and two NQM 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. Currently the Price of $15.4 is in the lower range of Nuveen Investment Quality Municipal Fund bollinger bands.
Nuveen Investment Quality Municipal 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 Investment Quality Municipal Fund MACD indicator is below 0 indicating a bearish trend.
Nuveen Investment Quality Municipal Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 13.82 is the RSI value of NQM stock.