Technical Analysis for ERC - Wells Fargo Advantage Multi-Sector Income Fund

Grade Last Price % Change Price Change
grade C 12.28 -0.08% -0.01
ERC closed down 0.08 percent on Wednesday, October 16, 2019, on 61 percent of normal volume. It was able to bounce off of its 200 day moving average, an important long-term support line. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Flat Flat Flat
See historical ERC trend table...

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
200 DMA Support Bullish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Fell Below 20 DMA Bearish -0.08%
Fell Below 50 DMA Bearish -0.08%
Cup with Handle Other -0.08%
Bollinger Band Squeeze Range Contraction -0.08%

Older signals for ERC ...

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Profile
Wells Fargo Advantage Multi-Sector Income Fund is a close ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in the fixed income markets across the globe. The fund invests in bonds of companies operating across diversified sectors. It primarily invests in government debt securities and adjustable rate securities. The fund was formerly known as Evergreen Multi-Sector Income Fund. Wells Fargo Advantage Multi-Sector Income Fund was formed on April 10, 2003 and is domiciled in the United States.
Index Fund Institutional Investors Mutual Fund Wells Fargo San Francisco Financial District Evergreen Investments
Is ERC a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 0 bearish and 5 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 12.78
52 Week Low 10.27
Average Volume 94,975
200-Day Moving Average 12.2634
50-Day Moving Average 12.31
20-Day Moving Average 12.314
10-Day Moving Average 12.331
Average True Range 0.1075
ADX 15.04
+DI 18.7267
-DI 18.1154
Chandelier Exit (Long, 3 ATRs ) 12.1475
Chandelier Exit (Short, 3 ATRs ) 12.5225
Upper Bollinger Band 12.4057
Lower Bollinger Band 12.2223
Percent B (%b) 0.31
BandWidth 1.489362
MACD Line 0.0012
MACD Signal Line 0.0017
MACD Histogram -0.0005
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.36
Resistance 3 (R3) 12.35 12.32 12.34
Resistance 2 (R2) 12.32 12.30 12.32 12.34
Resistance 1 (R1) 12.30 12.29 12.29 12.31 12.33
Pivot Point 12.27 12.27 12.26 12.27 12.27
Support 1 (S1) 12.25 12.25 12.24 12.26 12.23
Support 2 (S2) 12.22 12.24 12.22 12.22
Support 3 (S3) 12.20 12.22 12.22
Support 4 (S4) 12.21