Nuveen New Jersey Muni Value Fund (NJV) Stock Technical Analysis
NYSEARCA:NJV - NYSE Arca -
We assign a technical rating of 5 out of 10 to NJV. Although NJV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
When analyzing the resistance we notice one important 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%)