Nuveen New Jersey Muni Value Fund (NJV) Technical Analysis
NYSEARCA:NJV
Current stock price
NJV Technical Rating and Analysis
Taking everything into account, NJV scores 5 out of 10 in our technical rating. Although NJV is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, NJV is a bad performer in the overall market: 87% of all stocks are doing better.
- Warning: NJV has an average volume of 4322 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- NJV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NJV is performing more or less in line with the market.
- In the last month NJV has a been trading in a tight range between 14.18 and 14.90.
NJV Weekly and Daily overview Charts
NJV Setup Rating and Analysis
Although the technical rating is only medium, NJV does present a nice setup opportunity. 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.
More info and screens
NJV Support and Resistance Analysis
13.61
We found 1 important support 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.
NJV Technical Indicator Signal Analysis
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. |
NJV Chart- and CandleStick Pattern Analysis
NJV Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA 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 Nuveen New Jersey Muni Value Fund (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 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.