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Stock Trend Analysis Report

Prepared for you on Friday, July 26, 2024.

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
22.4100 22.4295 22.2100 22.2381 -0.0619
Entry Signal

MarketClub’s Trade Triangles for NIE

long term up The long-term trend has been UP since Jan 11th, 2024 at 21.2600

intermediate term down The intermediate-term trend has been DOWN since Jul 24th, 2024 at 22.7500

short term down The short-term trend has been DOWN since Jul 15th, 2024 at 23.4761

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
22.4100 22.4295 22.2100 22.2381 -0.0619
Prev. Close Volume Bid Ask Time
22.3000 67124 2024-07-26 15:59:51
Year High23.96Year High Date2018-09-13
Year Low19.29Year Low Date2018-10-29
52wk High23.8852wk High Date2024-06-27
52wk Low18.61552wk Low Date2023-10-27
Year End Close16.64Average Volume74,750
Shares Outstanding22,304Market Cap610M
Assets671,835,000MLiabilities11,858,000M
P/E Ratio191.4546Beta1.52
Volatility25.1
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