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Stock Trend Analysis Report

Prepared for you on Thursday, September 28, 2023.

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

Weak Downtrend (-65) - NIE is showing signs of a strengthening downtrend. Monitor NIE as it may be building momentum to the downside.

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
19.79 19.97 19.78 19.85 -0.01
Entry Signal

MarketClub’s Trade Triangles for NIE

long term up The long-term trend has been UP since Jun 2nd, 2023 at 20.217

intermediate term down The intermediate-term trend has been DOWN since Aug 8th, 2023 at 21.330

short term down The short-term trend has been DOWN since Sep 21st, 2023 at 20.090

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
19.79 19.97 19.78 19.85 -0.01
Prev. Close Volume Bid Ask Time
19.86 59931 2023-09-28 15:59:54
Year High23.96Year High Date2018-09-13
Year Low19.29Year Low Date2018-10-29
52wk High22.168452wk High Date2022-12-01
52wk Low18.0252wk Low Date2022-12-29
Year End Close16.64Average Volume74,575
Shares Outstanding22,304Market Cap610M
Assets625,690,000MLiabilities4,046,000M
P/E Ratio180.5454Beta1.52
Volatility25.1
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