Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Jumped Up 0.4%, But Why?

In its latest trading session, Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) spiked up by 0.4% – here is what that looked like (as of 2020-01-06):

Why are these moves happning?? To grasp this action better, it is helpful to analyze some technical indicators. The most important ones are as follows:

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 -0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.05, an Accumulation/Distribution Index (ADI) of 0.05, an On-Balance Volume (OBV) of 258.0, and a Chaiikin Money Flow (CMF) of -14.33. 1.0

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

So when putting all the technical indicators together, this is what you get. 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.