Here’s Why Nuveen Connecticut Quality Municipal Income Fund (NYSE:NTC) Dropped -0.4%

In its latest trading session, Nuveen Connecticut Quality Municipal Income Fund (NYSE:NTC) dropped by -0.4% – here is what that looked like (as of 2020-01-06):

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

A Money Flow Index (MFI) of 50.155, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.049, an Accumulation/Distribution Index (ADI) of 0.049, an On-Balance Volume (OBV) of 72.64, and a Chaiikin Money Flow (CMF) of 12.09. 0.501

So what do these technical indicators mean? Let’s see. Consulting Trading View, putting it all together gets the following:

That is what an analysis of technical indicators seems to indicate for Nuveen Connecticut Quality Municipal Income Fund (NYSE:NTC). 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.

Becky Steen

My name is Becky Steen, I am a technology writer who has been writing for this website for the past 4 months. You can contact me and ask me anything about science and technology. I especially like researching new gadgets. Most recently, at the request of many of our readers, I have started providing technical stock analysis news.

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Becky Steen

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