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Stock Trend Analysis Report

Prepared for you on Tuesday, August 9, 2022.

Virtus Equity & Convertible Income Fund Common Shares of Beneficial Interest (NYSE:NIE)

Bull Market Weakness (+75) - NIE is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on NIE as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid NIE?

MarketClub looks at technical strength and momentum to determine if the timing is right for NIE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NYSE_NIE
Open High Low NIE Price Change
23.190 23.340 23.078 23.175 -0.175
Entry Signal

MarketClub’s Trade Triangles for NIE

long term down The long-term trend has been DOWN since Jan 7th, 2022 at 28.865

intermediate term up The intermediate-term trend has been UP since Jul 7th, 2022 at 21.600

short term up The short-term trend has been UP since Jul 27th, 2022 at 22.320

Smart Scan Analysis for NIE

Based on our trend formula, NIE is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for NIE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
23.190 23.340 23.078 23.175 -0.175
Prev. Close Volume Bid Ask Time
23.350 44814 2022-08-09 15:59:29
Year High23.96Year High Date2018-09-13
Year Low19.29Year Low Date2018-10-29
52wk High32.2752wk High Date2021-11-22
52wk Low19.8252wk Low Date2022-06-16
Year End Close16.64Average Volume72,459
Shares Outstanding22,304Market Cap610M
Assets845,004,000MLiabilities4,747,000M
P/E Ratio484.8333Beta1.52
Volatility25.1
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