NUVEEN ENH MUNI VALUE FD (NEV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NEV - US67074M1018
We assign a technical rating of 2 out of 10 to NEV. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEV was also a bad performer in the overall market in the last year.
The technical rating of NEV is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
11.20
When analyzing the support we notice one important area.
- A support zone ranging from 11.31 to 11.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 12.51 to 12.52. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @12.76 from a horizontal line in the daily time frame.
- Resistance @13.92 from a trend line in the daily time frame.
- A resistance zone ranging from 15.30 to 15.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for NEV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEV is up. |
| ChartMill Relative Strength | 37.07 | NEUTRAL | NEV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.08 | NEUTRAL | The RSI value for NEV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests NEV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.21 | OVERBOUGHT | The high Stochastics value suggests NEV may be overbought. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for NEV suggests low volalility. |
NYSE:NEV (6/3/2022, 8:04:01 PM)
12.51
-0.24 (-1.88%)
NUVEEN ENH MUNI VALUE FD / NEV FAQ
Can you provide the ChartMill technical rating for NUVEEN ENH MUNI VALUE FD?
ChartMill assigns a technical rating of 2 / 10 to NEV.
What is the current trend direction of NUVEEN ENH MUNI VALUE FD (NEV) stock?
The current trend direction for NUVEEN ENH MUNI VALUE FD (NEV) is Bearish.
What is the RSI signal for NEV stock?
NUVEEN ENH MUNI VALUE FD (NEV) has an RSI value of 63.0836. This indicates that the stock is currently neutral.
What is the MACD signal for NUVEEN ENH MUNI VALUE FD (NEV) stock?
The MACD indicator for NUVEEN ENH MUNI VALUE FD (NEV) has a value of 0.15792, indicating a bearish trend.
What is the buy/sell signal for NUVEEN ENH MUNI VALUE FD (NEV) stock?
The buy/sell signal for NUVEEN ENH MUNI VALUE FD (NEV) is hold as the short term and long term trends are mixed.