The stock of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) is now priced at $15.53 and the shares are 0.13 points up or 0.84% higher compared to its previous closing price of $15.4. The stock had 269412 contracts set over the past session. NVG shares’ daily volume is compared to its average trading volume at 502653 shares. However, its performance was 1.45% over the week, it’s one to watch.
The shorts are running away from the Nuveen AMT-Free Municipal Credit Income Fund stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the NVG shares have declined.
In the last trading session, Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) raised by $0.25 over the week and gained $0.11 on its 20-day. The stock’s high in the recent session is higher when compared to its 52-week high of $17.15. The stock recorded its established 52-week high on 03/05/20.
Since 03/19/20, the stock has traded to a low of $11.55 at 34.46%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Nuveen AMT-Free Municipal Credit Income Fund’s two-week RSI is 62.79. This suggests that the stock is neutral at the moment and that NVG shares’ price movement remains stable. The stochastic readings are equally revealing at 70.55% meaning the NVG share price is currently in oversold territory.
The technical chart shows that the NVG stock will likely settle at between $15.47 and $15.55 per share. However, if the stock dips below $15.27, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $15.14.
Currently, the stock is trading in the green of MACD, with a reading of 0.09. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.