Here’s Why AllianzGI Equity & Convertible Income Fund (NYSE:NIE) Dropped -0.5%

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In its latest trading session, AllianzGI Equity & Convertible Income Fund (NYSE:NIE) dropped by -0.5% – here is what that looked like (as of 2019-12-04):

What’s the reason for these moves? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.162, an Accumulation/Distribution Index (ADI) of 0.162, an On-Balance Volume (OBV) of 920.138, and a Chaiikin Money Flow (CMF) of 22.35. 6.2

Now let’s plug these indicators in. Consulting Trading View, putting it all together gets the following:

So there you have it – our analysis of AllianzGI Equity & Convertible Income Fund (NYSE:NIE). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.