Technical Focus: Tracking Shares of Nuveen Credit Strategies Income Fund (JQC)

First Trust Advisors LP owned about 0.33% of Nuveen Enhanced Municipal Value Fund of Beneficial Interest worth $1,182,000 at the end of the most recent quarter. The ADX alone was created to measure trend strength. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. A value of 50-75 would signal a very strong trend, and a value of 75-100 would indicate an extremely strong trend. The 50 day moving average went up $0.12 or +1.18% and the 200 day average went up by +3.43%. The Average Directional Index or ADX is a technical analysis indicator used to describe if a market is trending or not trending. Investors that are looking for longer term value may find that a panic sell-off is the ideal chance to get into a stock that has just suffered a temporary setback. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued. The RSI operates in a range-bound area with values between 0 and 100. Company shares are trading at $10.35 a tad above $10.23, the stock's 50 day moving average and which is marginally over the 200 day moving average of $10.01.

Taking a deeper look into the technical levels of Nuveen Municipal Value Fund Inc (NUV), we can see that the Williams Percent Range or 14 day Williams %R now sits at -34.62. Taking a glance at the relative strength indictor, we note that the 14-day RSI is now at 44.60, the 7-day stands at 40.69, and the 3-day is sitting at 24.44. Nuveen Credit Strategies Income Fund (JQC) now has a 14-day Commodity Channel Index (CCI) of -91.25. The 14-day RSI is now sitting at 46.19, the 7-day is at 47.82, and the 3-day is spotted at 49.28 for Nuveen High Income November 2021 Target Term Fund (JHB). Investors who are keeping close eye on the stock of Mastercard Incorporated (NYSE:MA) established that the company was able to keep return on investment at - in the trailing twelve month while Reuters data showed that industry's average stands at 4.87 and sector's optimum level is 14.56. Investors and traders may use this indicator to help spot price reversals, price extremes, and the strength of a trend. Normal oscillations tend to stay in the range of -100 to +100. The recent price momentum makes it one stock to watch in recent days. In general, if the reading goes above -20, the stock may be considered to be overbought. A reading from -80 to -100 would indicate an oversold situation. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. The RSI was developed by J. Welles Wilder, and it oscillates between 0 and 100. At the time of writing, the 14-day ADX for Nuveen AMT-Free Municipal Credit Income Fund (NVG) is noted at 27.99. Many traders will use the ADX in combination with other indicators in order to help formulate trading strategies. If it moves beyond 70 but cannot hold this ground and instead falls below 70, it could be an indication that the market is overbought and prone to become bearish, at least in the short term. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period.

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