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Nuveen AMT-Free Quality Municipal Income Fund (NEA): The long term indicators on the stock call for a Sell today

Nuveen AMT-Free Quality Municipal Income Fund (NEA) saw an uptrend of 0.64% in the recent trading with $10.93 being its most recent. The current price level -18.31% lower than the highest price of $13.38 marked by the stock while trading over the past 52-weeks, whereas it is 6.95% higher than the lowest price of $10.22 the company dropped to over past 52-weeks. The latest news story on NEA appeared in GuruFocus.com under the title “Armor Investment Advisors, LLC Buys Recon Capital NASDAQ-100 Covered Call ETF, SPDR SSgA Ultra.” on Feb-07-22.

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Squeezing the time span to 30 day period shows us the stock is currently trading -2.84% below one month high and is +2.15% above of the lowest during that time. Looking into the simple moving average, Nuveen AMT-Free Quality Municipal Income Fund (NEA)’s stock stands at a SMA-50 of $11.22 while that of 5-day is reading $10.88.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NEA’s SMA-200 as of now is $11.47.

Nuveen AMT-Free Quality Municipal Income Fund Earnings – What Happened With NEA

Coming around sales and income figures on NEA Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

NEA – Nuveen AMT-Free Quality Municipal Income Fund Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 299.04 million. NEA does have institutional investors; and they hold 24.94% of the stock.

Nuveen AMT-Free Quality Municipal Income Fund – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, NEA declared 4,566 shares have been sold in 3 insider transactions over the past three months.

Technical Analysis of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Nuveen AMT-Free Quality Municipal Income Fund (NEA), we notice that the stock’s 20-day average volume is at 760,735 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 25% are spotting the stock at Sell with its 50-day average volume of 920,694 shares. And to end, NEA’s 100-day average volume is 1,172,828 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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