NUVEEN NEW YORK MUNI VAL (NNY) Stock Technical Analysis
USA - NYSE:NNY - US67062M1053
Taking everything into account, NNY scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NNY is only an average performer.
NNY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 8.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NNY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.87
We found 2 important support areas.
- A support zone ranging from 8.33 to 8.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.95 to 8.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.51 to 8.55. 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 | UP | POSITIVE | The long term trend for NNY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNY is up. |
| ChartMill Relative Strength | 56.19 | NEUTRAL | NNY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NNY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.79 | NEUTRAL | The RSI value for NNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NNY has a positive trend. |
| Stochastics (14,3) | 68.36 | NEUTRAL | The Stochastics value for NNY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for NNY suggests low volalility. |
| Average Directional Index/ADX (14) | 41.17 | POSITIVE | The high ADX value value for NNY suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.56 | 8.32 | 0.24 (2.80%) | 25.00% |
| An entry @8.56. This is a Buy Stop order right above the resistance zone. | An exit @8.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.24 points, which is 2.80%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.5
-0.03 (-0.35%)
NUVEEN NEW YORK MUNI VAL / NNY FAQ
What is the technical rating for NNY stock?
ChartMill assigns a technical rating of 7 / 10 to NNY.
What is the current trend direction of NUVEEN NEW YORK MUNI VAL (NNY) stock?
The current trend direction for NUVEEN NEW YORK MUNI VAL (NNY) is Bullish.
What is the RSI signal for NUVEEN NEW YORK MUNI VAL (NNY) stock?
NUVEEN NEW YORK MUNI VAL (NNY) has an RSI value of 60.7897. This indicates that the stock is currently neutral.
What is the MACD signal for NNY stock?
The MACD indicator for NUVEEN NEW YORK MUNI VAL (NNY) has a value of 0.00722276, indicating a bearish trend.
What is the support and resistance level for NNY stock?
NUVEEN NEW YORK MUNI VAL (NNY) has a support level at 8.51 and a resistance level at 8.55. Check the full technical report for our detailed analysis of NNY support and resistance levels.