NRK Nuveen New York AMT-Free Quality Municipal Income Fund Forecast, Technical & Fundamental Analysis
Nuveen New York AMT-Free Quality Municipal Income Fund is a closed-end investment company... Show more
NRK's RSI Oscillator ascending out of oversold territory
The RSI Indicator for NRK moved out of oversold territory on April 14, 2025. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 32 similar instances when the indicator left oversold territory. In of the 32 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on April 25, 2025. You may want to consider a long position or call options on NRK as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NRK just turned positive on April 25, 2025. Looking at past instances where NRK's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NRK advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 9 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NRK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NRK broke above its upper Bollinger Band on May 01, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for NRK entered a downward trend on April 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
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NRK and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, NRK has been closely correlated with NAN. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if NRK jumps, then NAN could also see price increases.