Watching the Tape Move for Invesco Pennsylvania Muni (VPV) and Nuveen Muni High Income Opportunity (NMZ)

Needle moving action has been spotted in Invesco Pennsylvania Muni (VPV) as shares are moving today on volatility 0.17% or 0.02 from the open. The NYSE listed company saw a recent bid of 11.83 and 53565 shares have traded hands in the session.

When the stock market starts to get volatile, investors might start getting worried about their investments. The natural response is to do something about it and take some action. Sometimes this may be necessary, but sometimes the best way to deal with volatility may be to wait it out and stay the course. It can be scary to watch the portfolio decline, and nobody wants to see their stocks taking a nosedive. Although there is no foolproof strategy to ride out market downturns, investors often agree that having a diversified stock portfolio may be the most logical defense.

Currently, the 14-day ADX for Invesco Pennsylvania Muni (VPV) is sitting at 26.28. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. 

Invesco Pennsylvania Muni (VPV) currently has a 14-day Commodity Channel Index (CCI) of -48.82. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. 

After a recent check, Invesco Pennsylvania Muni’s  14-day RSI is currently at 41.99, the 7-day stands at 48.48, and the 3-day is sitting at 62.71.

Taking a deeper look into the technical levels of Invesco Pennsylvania Muni (VPV), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -45.45. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Shares of Nuveen Muni High Income Opportunity (NMZ) are moving on volatility today -0.38% or $-0.05 from the open. The NYSE listed company saw a recent bid of $13.02 and 53534 shares have traded hands in the session.

Investors may be looking ahead to the next round of company earnings reports. Following the numbers may assist investors when attempting to do stock research. Many investors will closely follow the results to see how far off they are from the most recent analyst estimates. Analysts may be busy updating estimates before and after company earnings reports. Investors have the option of following analyst projections in order to help gauge how the sell-side is viewing company prospects. Many investors will also choose to follow analyst buy, sell, and price target recommendations. 

Deep diving into the technical levels for Nuveen Muni High Income Opportunity (NMZ), we note that the equity currently has a 14-day Commodity Channel Index (CCI) of -52.73. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSIfor Nuveen Muni High Income Opportunity (NMZ) is currently at 36.17, the 7-day stands at 38.94, and the 3-day is sitting at 40.55.

Nuveen Muni High Income Opportunity’s Williams Percent Range or 14 day Williams %R currently sits at -68.92. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

Currently, the 14-day ADX for Nuveen Muni High Income Opportunity (NMZ) is sitting at 31.73. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.

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