Economy

Nuveen Tax Free Income Portfolio (NXP) Relative Index Reading Trending Higher

Also, the number of investment professionals holding Nuveen Select Maturities Municipal Fund in their top 10 equity positions was flat from 0 to 0 for the same number.

Turning to some additional technicals, at the time of writing, the 14-day ADX for Nuveen Tax Free Income Portfolio II (NXQ) is 15.05.

Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. A CCI reading above +100 would imply that the stock is overbought and possibly ready for a correction. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

When performing stock analysis, investors and traders may opt to view technical levels. The ratio has worsened, as 13 active investment managers opened new and increased stock positions, while 7 decreased and sold their equity positions in Nuveen Select Tax Free Income Portfolio 3. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. This is a potential signal that strength is building for the upward trend. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. ADX is used to gauge trend strength but not trend direction. Traders may use the indicator to determine stock trends or to identify overbought/oversold conditions. TEMA is a unique combination of a single exponential moving average, a double exponential moving average, and a triple exponential moving average that provides less lag than any of those three individually.

Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. Investors may not be comfortable enough to go all in, but they may not want to get bearish given the solid economic backdrop. On the other hand, a reading of -100 would imply that the stock is oversold and possibly set for a rally.

Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 51.86, the 7-day is 50.55, and the 3-day is now at 52.98 for Nuveen Tax Free Income Portfolio II (NXQ). Accern also gave headlines about the company an impact score of 47.3194332492708 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. The RSI can help display whether the bulls or the bears are now strongest in the market. CCI generally measures the current price relative to the average price level over a specific time period. The RSI operates in a range-bound area with values between 0 and 100. This range falls on a scale between 0 and 100.

Taking a look at several key technical indicators, the stock's price is $27.83 and their relative strength index (RSI) stands at 56.53. On the flip side, an RSI near 0 may signal weaker momentum. The ATR is an indicator developed by J. Welles Wilder.

For further review, we can take a look at another popular technical indicator. Company shares last traded at $10.01 a tad below the 50 day moving average of $10.03 and which is a tad under the 200 day moving average of $10.09.



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