Checking in on Shares of Nuveen Senior Income Fund (NSL)

Cornelia Mascio
Settembre 21, 2017

Short traders are feeling a little more bearish on shares of the company of late if you take a look at the rise in short interest. Fundamental analysis includes crunching the numbers for specific companies. Trading bands and envelopes serve the same objective, they provide relative definitions of high and low that can be used to create rigorous trading approaches, in pattern recognition, and for much more. We'll use the term trading bands to refer to any set of curves that market technicians use to define high or low on a relative basis. When markets become frantic, investors may feel compelled to make decisions that they might not normally make. Traders may also use the reading to identify overbought/oversold conditions. Investors may be chomping at the bit to buy up the dips if the market continues to advance.

Investors have the ability to use technical indicators when completing stock research. The present 14-day ATR for Evonik Industries AG (EVK) is now sitting at 0.14. RSI measures the magnitude and velocity of directional price movements. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. Tushar Chanda developed the Aroon Indicator in 1995 to help traders determine the strength of a trend and whether pricing behavior was favoring a trend or sideways action. Checking in on some other technical levels, the 14-day RSI is now at 76.35. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100.

Moving averages can help spot trends and price reversals. The data is represented graphically by fluctuating between a value of 0 and 100. When RSI moves above 70, it is overbought and could lead to a downward move. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading between -80 to -100 may be typically viewed as strong oversold territory.

Nuveen Minnesota Quality Municipal Income Fund (NMS)'s Williams %R presently stands at -100.00. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum.

Currently, the 14-day ADX for Nuveen Arizona Dividend Advantage Municipal Fund 3 (NXE) is sitting at 20.05. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. If the RSI is closer to 100, this may indicate a period of stronger momentum.

The Williams Percent Range or Williams %R is a technical indicator that was created to measure overbought and oversold market conditions. Evonik Industries AG (EVK) now has a 14 day Williams %R of -100.00. Normal oscillations tend to stay in the range of -100 to +100. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. In general, if the reading goes above -20, the stock may be considered to be overbought. A reading under 30 would indicate oversold conditions. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Nuveen Georgia Quality Municipal Income Fund (NKG) now has a 14-day Commodity Channel Index (CCI) of -249.31. A frequently used tool among technical stock analysts is the moving average.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE