Nuveen New York Muni Value Fund 2 (NYV) Technical Analysis
NYSEARCA:NYV
Current stock price
NYV Technical Rating and Analysis
Taking everything into account, NYV scores 5 out of 10 in our technical rating. In the last year, NYV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, NYV is a bad performer in the overall market: 82% of all stocks are doing better.
- Warning: NYV has an average volume of 4513 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NYV 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 NYV is performing more or less in line with the market.
- In the last month NYV has a been trading in a tight range between 14.52 and 15.14.
- Volume is considerably higher in the last couple of days.
NYV Weekly and Daily overview Charts
NYV Setup Rating and Analysis
NYV has an average technical rating and it also does not offer a high 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
NYV Support and Resistance Analysis
14.17
When analyzing the support we notice one important area.
- A support zone ranging from 14.31 to 15.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.18 to 15.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
NYV 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 | NEUTRAL | NEUTRAL | The long term trend for NYV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NYV is up. |
| ChartMill Relative Strength | 18.62 | NEGATIVE | NYV has a low relative strength, it was outperformed by 81.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NYV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NYV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NYV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.39 | NEUTRAL | The RSI value for NYV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NYV has a positive trend. |
| Stochastics (14,3) | 82.55 | OVERBOUGHT | The high Stochastics value suggests NYV may be overbought. |
| Average True Range in percent/ATR (20) | 0.61 | LOW VOLATILITY | The low ATR as a percentage value for NYV suggests low volalility. |
NYV Chart- and CandleStick Pattern Analysis
NYV Technicals: Chart, Performance Metrics, Trend & Indicators
Nuveen New York Muni Value Fund 2
NYSEARCA:NYV (4/9/2021, 8:25:00 PM)
15.04
+0.02 (+0.13%)
Nuveen New York Muni Value Fund 2 / NYV TA FAQ
Can you provide the ChartMill technical rating for Nuveen New York Muni Value Fund 2?
ChartMill assigns a technical rating of 5 / 10 to NYV.
Can you provide the trend direction for Nuveen New York Muni Value Fund 2?
The current trend direction for Nuveen New York Muni Value Fund 2 (NYV) is Bearish.
Can you provide the RSI signal for Nuveen New York Muni Value Fund 2?
Nuveen New York Muni Value Fund 2 (NYV) has an RSI value of 67.3946. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Nuveen New York Muni Value Fund 2?
The short term momentum for Nuveen New York Muni Value Fund 2 (NYV) is positive.
Can you provide the support and resistance levels for Nuveen New York Muni Value Fund 2?
Nuveen New York Muni Value Fund 2 (NYV) has a support level at 15.01 and a resistance level at 15.18. Check the full technical report for our detailed analysis of NYV support and resistance levels.