Finance

Following the Charts on Nuveen Arizona Quality Municipal Income Fund (NAZ)

Following the Charts on Nuveen Arizona Quality Municipal Income Fund (NAZ)

This environment typically indicates that there might be a buying opportunity aligning in technicals. Nyquist Laura K had sold 23,892 shares worth $741,120 on Friday, February 17. Conversely the opposite occurs when the MAMA crosses below the FAMA.

Shares last traded at $15.06 which is just under the 50 day moving average which is $15.56 and which is marginally lower than the 200 day moving average of $15.76. "This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs". Trading volume was up 505.33% over the stocks average daily volume. Nuveen Dividend Advantage Municipal Fund earned a daily sentiment score of 0.34 on Accern's scale. One of the most popular time frames using RSI is the 14-day. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. In terms of Relative Strength Index, the 14-day RSI is now sitting at 37.67, the 7-day is 28.42, and the 3-day is spotted at 14.63.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. The RSI operates in a range-bound territory with values between 0 and 100. Moving averages can be very helpful for spotting peaks and troughs. Normal oscillations tend to stay in the range of -100 to +100. In general, if the indicator goes above -20, the stock may be considered overbought. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. Tushar Chanda developed the Aroon Indicator in 1995 to help traders determine the strength of a trend and whether pricing behavior was favoring a trend or sideways action. CCI is an indicator used in technical analysis that was designed by Donald Lambert.

Producer Price Index (PPI) Declines in July, Raising Potential Disinflation Concerns
The Labor Department said its consumer price index inched up by 0.1% in July after coming in unchanged in June. The annual rate of growth in core consumer prices came in at 1.7% in July, unchanged from the previous month.

Nuveen Preferred Securities Income Fund (JPS) shares are moving today on volatility -1.64% or -0.17 from the open. A value of 25-50 would indicate a strong trend.

Oversold values are 0 to 20 and investors might look to buy dips in up trends when the signal line crosses up from below 20 to above 20.

Investors may be studying other technical indicators like the Williams Percent Range or Williams %R. The value of the total investment in Nuveen Municipal Credit Income went from $1,082,000 to $1,392,000 a change of $310,000 for the reporting period. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. A level under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal. Active investors may choose to use this technical indicator as a stock evaluation tool. Minnesota-based Sit Associate has invested 0.09% in Nuveen Preferred Securities Income Fund (NYSE:JPS). American Mngmt Incorporated invested in 1.14M shares or 5.6% of the stock. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.