After a recent look at shares of Nuveen Maryland Premium Fund (NMY), we have seen that the Percentage Price Oscillator Histogram level is under zero.
The stock decreased 0.29% or $0.05 during the last trading session, reaching $17.44. Landscape Capital Management L.L.C., a New Jersey-based fund reported 32,320 shares.#img1#. Currently, Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 (NVY) has a 14-day ATR of 1.60. It is important to note that the ATR was not created to determine price direction or to predict future prices.
The Average Directional Index or ADX. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.
The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. CCI generally measures the current price relative to the average price level over a specific time period. ADX is charted as a line with values ranging from 0 to 100. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. Presently, Nuveen Pennsylvania Dividend Advantage Municipal Fund 2 (NVY) has a 14-day Commodity Channel Index (CCI) of 61.64. Normal oscillations tend to stay in the range of -100 to +100. The Williams %R is a momentum indicator that helps measure oversold and overbought levels.
Some investors may find the Williams Percent Range or Williams %R as a helpful technical indicator. Nuveen Preferred and Income 2022 Term Fund (JPT)'s Williams %R presently stands at -37.18. Buy/Sell Signal - A buy opportunity is signaled when the security is considered to be oversold. Levels above -20 may indicate the stock may be considered is overbought. A reading between -80 to -100 may be typically viewed as strong oversold territory. Moving averages can be used to help smooth information in order to provide a clearer picture of what is going on with the stock.
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Moving averages can help spot trends and price reversals. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 53.31, the 7-day stands at 56.78, and the 3-day is sitting at 58.44.
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