Nuveen Select Tax Free Income Portfolio Technical Analysis (NYSE:NXP)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the Nuveen Select Tax Free Income Portfolio 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 NXP Chart which creates a trading signal.
See Nuveen Select Tax Free Income Portfolio bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Nuveen Select Tax Free Income Portfolio Analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Nuveen Select Tax Free Income Portfolio Moving Average
Moving averages help predict the price direction of NXP 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 $14.24 is above the price of $14.14.
Nuveen Select Tax Free Income Portfolio 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 NXP stock. Currently the Price of $14.14 is in the lower range of Nuveen Select Tax Free Income Portfolio bollinger bands.
Nuveen Select Tax Free Income Portfolio 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 Select Tax Free Income Portfolio MACD indicator is above 0 indicating a bullish trend.
Nuveen Select Tax Free Income Portfolio 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. 35.87 is the RSI value of NXP stock.