NUVEEN ENH MUNI VALUE FD (NEV) Stock Technical Analysis
NYSE:NEV - New York Stock Exchange, Inc. - US67074M1018
Overall NEV gets a technical rating of 2 out of 10. 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.
When comparing the yearly performance of all stocks, NEV is a bad performer in the overall market: 63% of all stocks are doing better.
NEV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NEV is lagging the market.
In the last month NEV has a been trading in the 11.26 - 12.86 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
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
15.69
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.
We can see 4 important resistance 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. |
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)
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)
NYSE:NEV (6/3/2022, 8:04:01 PM)
12.51
-0.24 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.88%
1 Week2.79%
2 Weeks10.03%
1 Month5.21%
3 Month-9.94%
6 Month-17.75%
12 Month-23.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%1.74%
ATR Inc33.62%
Range Today0.28
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.07
Mansfield-0.98
10 Day High12.86
10 Day Low11.34
20 Day High12.86
20 Day Low11.26
52 Week High17.65
52 Week Low11.26
CS1 End11.35
CR1 Start12.51
Volume & EV
DER(3)-0.71%
DER(5)2.01%
Volume110.30K
Volume Incr1.99%
Vol(5)106.46K
Vol(50)99.07K