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Stock Trend Analysis Report

Prepared for you on Wednesday, May 22, 2024.

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
22.6100 22.7699 22.4600 22.5700 -0.0200
Entry Signal

MarketClub’s Trade Triangles for NIE

long term up The long-term trend has been UP since Jan 11th, 2024 at 21.26

intermediate term up The intermediate-term trend has been UP since May 7th, 2024 at 22.29

short term down The short-term trend has been DOWN since May 21st, 2024 at 22.51

Smart Scan Analysis for NIE

Based on our trend formula, NIE is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for NIE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
22.6100 22.7699 22.4600 22.5700 -0.0200
Prev. Close Volume Bid Ask Time
22.5900 59665 2024-05-22 15:59:57
Year High23.96Year High Date2018-09-13
Year Low19.29Year Low Date2018-10-29
52wk High22.79552wk High Date2024-04-08
52wk Low18.61552wk Low Date2023-10-27
Year End Close16.64Average Volume54,288
Shares Outstanding22,304Market Cap610M
Assets671,835,000MLiabilities11,858,000M
P/E Ratio191.4546Beta1.52
Volatility25.1
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