Nuveen New York Divadv Fund 2 (NXK) Stock Technical Analysis
NYSEARCA:NXK • US67070A1016
We assign a technical rating of 0 out of 10 to NXK. NXK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, NXK is a bad performer in the overall market: 62% of all stocks are doing better.
- NXK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: NXK has an average volume of 12340 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- In the last month NXK has a been trading in a tight range between 13.03 and 13.56.
- Volume is considerably higher in the last couple of days.
The technical rating of NXK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.01
We found 1 important support area.
- Support @13.14 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.20 to 13.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.78 to 13.81. 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 | NEUTRAL | NEUTRAL | The long term trend for NXK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXK is down. |
| ChartMill Relative Strength | 38.14 | NEUTRAL | NXK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NXK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.84 | NEUTRAL | The RSI value for NXK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NXK has a negative trend. |
| Stochastics (14,3) | 28.38 | NEUTRAL | The Stochastics value for NXK is a neutral value. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for NXK suggests low volalility. |
NYSEARCA:NXK (6/5/2015, 8:35:38 PM)
13.2
+0.03 (+0.23%)
Nuveen New York Divadv Fund 2 / NXK FAQ
What is the ChartMill technical rating of Nuveen New York Divadv Fund 2 (NXK) stock?
ChartMill assigns a technical rating of 0 / 10 to NXK.
What is the trend direction for NXK stock?
The current trend direction for Nuveen New York Divadv Fund 2 (NXK) is Bearish.
Can you provide the RSI signal for Nuveen New York Divadv Fund 2?
Nuveen New York Divadv Fund 2 (NXK) has an RSI value of 38.8414. This indicates that the stock is currently neutral.
What is the MACD signal for Nuveen New York Divadv Fund 2 (NXK) stock?
The MACD indicator for Nuveen New York Divadv Fund 2 (NXK) has a value of -0.011732, indicating a bearish trend.
What is the short term momentum for Nuveen New York Divadv Fund 2 (NXK) stock?
The short term momentum for Nuveen New York Divadv Fund 2 (NXK) is negative.