Technical Analysis for NVG - Nuveen Dividend Advantage Municipal Income Fund

Grade Last Price % Change Price Change
A 11.98 -0.25% -0.03
NVG closed down 0.25 percent on Friday, May 17, 2024, on 70 percent of normal volume. The bulls were able to push the stock to a new 52-week high. 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 Up Flat

Date Alert Name Type % Chg
Bearish Engulfing Bearish 0.00%
New 52 Week High Strength 0.00%
Overbought Stochastic Strength 0.00%
Gapped Up Strength -0.25%
Overbought Stochastic Strength -0.25%
Cup with Handle Other 0.08%
Gapped Up Strength 0.08%
Overbought Stochastic Strength 0.08%
Cup with Handle Other 0.84%
Doji - Bullish? Reversal 0.84%

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Nuveen Dividend Advantage Municipal Income Fund Description

Nuveen Dividend Advantage Municipal Income 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 the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Standard & Poor's (S&P) Insured Municipal Bond Index. It was formerly known as Nuveen Insured Dividend Advantage Municipal Fund. Nuveen Dividend Advantage Municipal Income Fund was formed on July 12, 1999 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Bond Mutual Fund Bond Market Dividend Municipal Bond Nuveen Tiaa

Is NVG 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 12.05
52 Week Low 9.3744
Average Volume 476,470
200-Day Moving Average 11.12
50-Day Moving Average 11.77
20-Day Moving Average 11.75
10-Day Moving Average 11.93
Average True Range 0.08
RSI (14) 64.16
ADX 24.04
+DI 40.25
-DI 19.95
Chandelier Exit (Long, 3 ATRs) 11.80
Chandelier Exit (Short, 3 ATRs) 11.70
Upper Bollinger Bands 12.14
Lower Bollinger Band 11.35
Percent B (%b) 0.79
BandWidth 6.78
MACD Line 0.08
MACD Signal Line 0.05
MACD Histogram 0.0323
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.09
Resistance 3 (R3) 12.10 12.07 12.07
Resistance 2 (R2) 12.07 12.05 12.07 12.06
Resistance 1 (R1) 12.03 12.03 12.02 12.02 12.06
Pivot Point 12.00 12.00 12.00 12.00 12.00
Support 1 (S1) 11.96 11.98 11.95 11.95 11.90
Support 2 (S2) 11.93 11.96 11.93 11.90
Support 3 (S3) 11.89 11.93 11.89
Support 4 (S4) 11.88