Nuveen Real Estate Fund (JRS) AO Trending Up This Week

Marco Green
October 5, 2017

Tracking shares of Nuveen Build America Bond Opportunity Fund (NBD), we have noted that the SuperTrend is now higher than recent stock price levels. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory.

At the time of writing, Nuveen Equity Premium and Growth Fund (SPXX) has a 14-day Commodity Channel Index (CCI) of 94.11. The CCI was created to typically stay within the reading of -100 to +100. A CCI reading closer to +100 may indicate more buying (possibly overbought) and a reading closer to -100 may indicate more selling (possibly oversold).

Active traders have a wide range of technical indicators at their disposal for when completing technical stock analysis. Nuveen North Carolina Premium Fund (NNC) now has a 14 day Williams %R of -70.97. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would signal an oversold situation. The 50 day moving average was down $-0.14 and the 200 day average was up $0.09.

The 14-day ADX for Nuveen Build America Bond Opportunity Fund (NBD) is now 29.42. 2,421 shares of the company's stock were exchanged. Over the same time span, the stock marked US$15.63 as its best level and the lowest price reached was US$13.65. The RSI operates in a range-bound area with values between 0 and 100. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. On the flip side, an RSI near 0 may signal weaker momentum. Tracking technicals and fundamentals may also help provide a roadmap to help separate the contenders from the pretenders. The current 14-day RSI is presently sitting at 41.82, the 7-day is 40.29, and the 3-day is 41.38. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. In general, a rising ADX line means that an existing trend is gaining strength. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward.

Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. In some cases, MA's may be used as strong reference points for finding support and resistance levels.

Currently, the 14-day ADX for Nuveen Equity Premium (BXMX) is sitting at 27.38.

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