Technical Analysis for NAC - Nuveen California Dividend Advantage Municipal Fund

Grade Last Price % Change Price Change
A 10.91 0.83% 0.09
NAC closed up 0.83 percent on Friday, May 3, 2024, on 1.18 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Above Upper BB Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup 0.83%
Inside Day Range Contraction 0.83%
Overbought Stochastic Strength 0.83%

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Profile

Nuveen California Dividend Advantage Municipal Fund Description

Nuveen California Dividend Advantage Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests in undervalued municipal securities and other related investments the income, exempt from regular federal and California income taxes that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's and having an average maturity of 20.96 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. Nuveen California Dividend Advantage Municipal Fund was formed on December 1, 1998 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Bond Municipal Bond Nuveen Credit Rating Agencies

Is NAC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 11.095
52 Week Low 9.0874
Average Volume 345,299
200-Day Moving Average 10.37
50-Day Moving Average 10.87
20-Day Moving Average 10.75
10-Day Moving Average 10.76
Average True Range 0.07
RSI (14) 59.68
ADX 19.2
+DI 30.12
-DI 21.54
Chandelier Exit (Long, 3 ATRs) 10.69
Chandelier Exit (Short, 3 ATRs) 10.82
Upper Bollinger Bands 10.88
Lower Bollinger Band 10.61
Percent B (%b) 1.12
BandWidth 2.47
MACD Line -0.01
MACD Signal Line -0.04
MACD Histogram 0.0251
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.97
Resistance 3 (R3) 10.96 10.94 10.96
Resistance 2 (R2) 10.94 10.92 10.94 10.96
Resistance 1 (R1) 10.92 10.91 10.93 10.93 10.95
Pivot Point 10.90 10.90 10.90 10.90 10.90
Support 1 (S1) 10.88 10.88 10.89 10.89 10.87
Support 2 (S2) 10.86 10.87 10.86 10.86
Support 3 (S3) 10.84 10.86 10.86
Support 4 (S4) 10.85