VIRTUS CONVERTIBLE & INCOME (NCV)

US92838X1028

3.51  +0.02 (+0.57%)

Technical Rating and Analysis

7

Overall NCV gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NCV is only an average performer.

The long and short term trends are both positive. This is looking good!
NCV is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, NCV turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
In the last month NCV has a been trading in a tight range between 3.38 and 3.52.

More info and screens

Weekly and Daily overview Charts
NCV Weekly chart
NCV Daily chart
Setup Rating and Analysis

9

NCV has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 3.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.49, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

More info and screens

Support and Resistance Analysis

3.17

3.56

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 3.41 to 3.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 3.31 to 3.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 3.20 to 3.22. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 3.52 to 3.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.85
Mansfield-0.45
10 Day High3.52
10 Day Low3.44
20 Day High3.52
20 Day Low3.38
52 Week High3.52
52 Week Low2.84
Performance
1 Week-0.29%
2 Weeks0%
1 Month1.75%
3 Month3.56%
6 Month11.86%
12 Month15.95%
2 Year-0.57%
3 Year-44.52%
5 Year-38.12%
10 Year-63.72%
15 Year-57.02%

More info

Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

More info

Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)57.47
LBB3.44
UBB3.52

More info

Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
3.533.430.10 (2.83%)25.00%
An entry @3.53. This is a Buy Stop order right above the resistance zone.An exit @3.43. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.10 points, which is 2.83%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

More info and screens

NCV Daily chart

VIRTUS CONVERTIBLE & INCOME

NYSE:NCV (10/8/2024, 2:27:00 PM)

3.51

+0.02 (+0.57%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.57%
1 Week-0.29%
2 Weeks0%
1 Month1.75%
3 Month3.56%
6 Month11.86%
12 Month15.95%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.04
ATR(20)%1.24%
ATR Inc
Range Today0.04
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.52
10 Day Low3.44
20 Day High3.52
20 Day Low3.38
52 Week High3.52
52 Week Low2.84
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume302.55K
Volume Incr8.86%
Vol(5)347.96K
Vol(50)327.28K