Nuveen Tax Free Income Portfolio III (NXR) shares are seeing solid buying inflow as the Chaikin Money Index is holding above zero. If the price consistently closes in the upper half of the daily range on high volume the indicator would read above zero and indicates a strong market. When the indicator stays above zero for a sustained period of time, especially with increasing indicator values, it shows a strong uptrend.
Chaikin Money Flow (CMF), created by Marc Chaikin, is a technical analysis indicator used to measure Money Flow Volume over a window of time. It attempts to measure buying and selling pressures of a security for single period. CMF then sums Money Flow Volume over a user-defined number of periods and divides by the total volume for that number of periods. The result varies between 1 and -1.
Taking a look at some additional technical indicators, we see that currently Nuveen Tax Free Income Portfolio III (NXR)’s Williams Percent Range or 14 day Williams %R is resting at -50.98. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.
Nuveen Tax Free Income Portfolio III (NXR) presently has a 14-day Commodity Channel Index (CCI) of 91.98. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Checking on another technical indicator, the 14-day RSI is currently sitting at 58.56, the 7-day rests at 63.55, and the 3-day is presently at 67.36 for Nuveen Tax Free Income Portfolio III (NXR).
Investors have the ability to approach the stock market from various angles. This may include using technical analysis, fundamental analysis, or a combination or the two. Investors watching the technical levels may be trying to chart patterns and discover trends in stock price movement. Investors tracking the fundamentals may be looking closely at many different factors. They may be focused on industry performance, earnings estimates, dividend payouts, and other factors. They might also be studying how the company is run, and trying to figure out the true value of the firm. Keeping track of all the data may seem overwhelming, but it may help give a needed boost to the portfolio.
The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.
Moving average indicators are commonly tracked by technical stock analysts. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 14.64, and the 50-day is 14.96. The 14-day ADX for Nuveen Tax Free Income Portfolio III (NXR) is standing at 21.23. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.