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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NRK
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Green day on Monday for Nuveen New York AMT-Free Municipal
(Updated on Mar 18, 2024)

Buy candidate since Mar 15, 2024 Gain 0.09% PDF

The Nuveen New York AMT-Free Municipal stock price gained 0.0907% on the last trading day (Monday, 18th Mar 2024), rising from $11.03 to $11.04. During the last trading day the stock fluctuated 0.455% from a day low at $11.00 to a day high of $11.05. The price has risen in 9 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 thousand more shares were traded than the day before. In total, 171 thousand shares were bought and sold for approximately $1.89 million.

The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.14% during the next 3 months and, with a 90% probability hold a price between $11.31 and $11.68 at the end of this 3-month period.

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NRK Signals & Forecast

The Nuveen New York AMT-Free Municipal stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.02 and $10.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.361%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Nuveen New York AMT-Free Municipal stock

Nuveen New York AMT-Free Municipal finds support from accumulated volume at $10.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 0.455%. For the last week the stock has had daily average volatility of 0.620%.

Our recommended stop-loss: $10.64 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (NRK) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Nuveen New York AMT-Free Municipal Income Fund to open at $11.03, and during the day (based on 14 day Average True Range), to move between $10.96 and $11.12, which gives a possible trading interval of +/-$0.0769 (+/-0.70%) up or down from last closing price. If Nuveen New York AMT-Free Municipal Income Fund takes out the full calculated possible swing range there will be an estimated 1.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.07 (0.27%) than the support at $10.76 (2.54%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nuveen New York AMT-Free Municipal Income Fund stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nuveen New York AMT-Free Municipal stock to perform well in the short-term.

Current score: 2.994 Buy Candidate Unchanged

Predicted Opening Price for Nuveen New York AMT-Free Municipal Income Fund of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$11.03 ( 0.0906%) $11.04

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NRK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.08 0.362 %
R2 11.06 0.189 %
R1 11.05 0.0824 %
Current price: 11.04
Support S1 11.01 -0.264 %
S2 11.00 -0.370 %
S3 10.98 -0.543 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 11.08 0.362 %
R1 11.07 0.272 %
Current price 11.04
Support S1 10.76 -2.54%
S2 10.55 -4.44%
S3 10.53 -4.62%

NRK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Apr 01, 2024 $0.0465 0.421%
2 Feb 01, 2024 Feb 14, 2024 Mar 01, 2024 $0.0410 0.379%
3 Jan 02, 2024 Jan 11, 2024 Feb 01, 2024 $0.0410 0.379%
4 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.0410 0.389%
5 Oct 23, 2023 Nov 14, 2023 Dec 01, 2023 $0.0410 0.403%

FAQ

What is the symbol for Nuveen New York AMT-Free Municipal Income Fund Stock and on which exchange is it traded?
The symbol for Nuveen New York AMT-Free Municipal Income Fund is NRK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nuveen New York AMT-Free Municipal Income Fund Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nuveen New York AMT-Free Municipal stock to perform well in the short-term.

How to buy Nuveen New York AMT-Free Municipal Income Fund Stock?
Nuveen New York AMT-Free Municipal Income Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nuveen New York AMT-Free Municipal Income Fund Stock.

What's the current price of Nuveen New York AMT-Free Municipal Income Fund Stock?
As of the end of day on the 2024-03-18, the price of an Nuveen New York AMT-Free Municipal Income Fund (NRK) share was $11.04.

What is the 52-week high and low for Nuveen New York AMT-Free Municipal Income Fund Stock?
The 52-week high for Nuveen New York AMT-Free Municipal Income Fund Stock is $11.09 and the 52-week low is $8.95.

What is the market capitalization of Nuveen New York AMT-Free Municipal Income Fund Stock?
As of the 2024-03-18, the market capitalization of Nuveen New York AMT-Free Municipal Income Fund is 963.078M.

When is the next earnings date for Nuveen New York AMT-Free Municipal Income Fund?
The upcoming earnings date for Nuveen New York AMT-Free Municipal Income Fund is Nov 04, 2024.
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About Nuveen New York AMT-Free Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regula... NRK Profile

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