NUVEEN NY AMT-FR MUNI INC (NRK) Technical Analysis
NYSE:NRK • US6706561072
We assign a technical rating of 7 out of 10 to NRK. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NRK is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- NRK 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 NRK is performing more or less in line with the market.
- When comparing the performance of all stocks over the past year, NRK turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- In the last month NRK has a been trading in a tight range between 10.19 and 10.60.
Besides having an excellent technical rating, NRK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 10.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NRK 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.
More info and screens
9.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 10.12 to 10.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.48 to 10.61. 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 NRK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NRK is up. |
| ChartMill Relative Strength | 46.33 | NEUTRAL | NRK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NRK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NRK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NRK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.69 | NEUTRAL | The RSI value for NRK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NRK has a negative trend. |
| Stochastics (14,3) | 55.08 | NEUTRAL | The Stochastics value for NRK is a neutral value. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for NRK suggests low volalility. |
| Average Directional Index/ADX (14) | 39.13 | POSITIVE | The high ADX value value for NRK 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 |
|---|---|---|---|
| 10.49 | 10.40 | 0.09 (0.85%) | 25.00% |
| An entry @10.49. This is a Buy Stop order right above the 10 day moving average. | An exit @10.40. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.85%. | For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NRK. Please evaluate whether better entry and exit points can be found.
- 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.
NRK Technicals: Chart, Performance Metrics, Trend & Indicators
10.45
-0.01 (-0.1%)
NUVEEN NY AMT-FR MUNI INC / NRK FAQ
What is the ChartMill technical rating of NUVEEN NY AMT-FR MUNI INC (NRK) stock?
ChartMill assigns a technical rating of 7 / 10 to NRK.
What is the current trend direction of NUVEEN NY AMT-FR MUNI INC (NRK) stock?
The current trend direction for NUVEEN NY AMT-FR MUNI INC (NRK) is Bullish.
What is the RSI signal for NRK stock?
NUVEEN NY AMT-FR MUNI INC (NRK) has an RSI value of 58.6911. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NUVEEN NY AMT-FR MUNI INC?
The MACD indicator for NUVEEN NY AMT-FR MUNI INC (NRK) has a value of -0.00490285, indicating a bearish trend.
What is the support and resistance level for NRK stock?
NUVEEN NY AMT-FR MUNI INC (NRK) has a support level at 10.4 and a resistance level at 10.48. Check the full technical report for our detailed analysis of NRK support and resistance levels.