VIRTUS CONVERTIBLE & INCOME (NCV) Stock Technical Analysis
NYSE:NCV - New York Stock Exchange, Inc. - US92838X8056 - Currency: USD
Taking everything into account, NCV scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, NCV 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 support zone below the current price at 14.18, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NCV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.04
We found 4 important support areas.
- A support zone ranging from 13.93 to 14.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 13.50 to 13.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.26 from a horizontal line in the daily time frame.
- Support @12.16 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @14.20 from a horizontal line in the daily time frame.
- Resistance @14.60 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NCV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NCV is up. |
| ChartMill Relative Strength | 59.9 | NEUTRAL | NCV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NCV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NCV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NCV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.64 | NEUTRAL | The RSI value for NCV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NCV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.02 | OVERBOUGHT | The high Stochastics value suggests NCV may be overbought. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for NCV suggests low volalility. |
| Average Directional Index/ADX (14) | 29.28 | POSITIVE | The high ADX value value for NCV suggests a strong trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.21 | 13.95 | 0.26 (1.83%) | 25.00% |
| An entry @14.21. This is a Buy Stop order right above the resistance zone. | An exit @13.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.26 points, which is 1.83%. | For a 0.46% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NYSE:NCV (7/11/2025, 8:04:00 PM)
14.18
-0.15 (-1.05%)