We assign a technical rating of 5 out of 10 to NJV. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NJV is a bad performer.
NJV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.49, a Stop Loss order could be placed below this zone.
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13.61
When analyzing the support we notice one important area.
- A support zone ranging from 13.75 to 14.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.54 to 14.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NJV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NJV is neutral. |
| ChartMill Relative Strength | 13.08 | NEGATIVE | NJV has a low relative strength, it was outperformed by 86.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NJV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NJV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NJV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.42 | NEUTRAL | The RSI value for NJV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NJV has a negative trend. |
| Stochastics (14,3) | 24.67 | NEUTRAL | The Stochastics value for NJV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for NJV suggests low volalility. |
Nuveen New Jersey Muni Value Fund
NYSEARCA:NJV (3/5/2021, 8:04:01 PM)
14.52
+0.06 (+0.41%)
Nuveen New Jersey Muni Value Fund / NJV FAQ
What is the technical rating for NJV stock?
ChartMill assigns a technical rating of 5 / 10 to NJV.
Can you provide the trend direction for Nuveen New Jersey Muni Value Fund?
The current trend direction for Nuveen New Jersey Muni Value Fund (NJV) is Bullish.
What is the RSI signal for NJV stock?
Nuveen New Jersey Muni Value Fund (NJV) has an RSI value of 52.4162. This indicates that the stock is currently neutral.
What is the MACD signal for Nuveen New Jersey Muni Value Fund (NJV) stock?
The MACD indicator for Nuveen New Jersey Muni Value Fund (NJV) has a value of -0.0252536, indicating a bearish trend.
What is the support and resistance level for NJV stock?
Nuveen New Jersey Muni Value Fund (NJV) has a support level at 14.49 and a resistance level at 14.54. Check the full technical report for our detailed analysis of NJV support and resistance levels.