NRKNuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund NYSE

$9.76 -0.03 (-0.31%)

update: 2025-06-21

1D 5D 1M

Trading Signals

Overall Signal

SELL

Strong sellish signal based on multiple indicators.

Confidence: 81%

Updated: 2025-06-21

Key Price Levels

Support Levels

Strong Support $9.59
Medium Support $9.64
Weak Support $9.7

Resistance Levels

Weak Resistance $9.82
Medium Resistance $9.88
Strong Resistance $9.93

Stop Loss Suggestions

Conservative $9.81
Moderate $9.85
Aggressive $9.9

Signal Breakdown

Indicator	Signal	Timeframe
Moving Averages	SELL	Short & Medium Term
Oscillators	SELL	Short Term
Trend Indicators	SELL	Medium Term
Volume Indicators	SELL	Short & Medium Term
Support/Resistance	NEUTRAL	Short Term

Stock Price Prediction

Price Target Probabilities

Quarterly Outlook

Bullish Scenario

9.3% Probability

$10.19

4.09% from current price

Strong upward momentum and confirmed bullish trend, with potential for significant price appreciation. Indicators point to sustained buying pressure. ADX (29.24) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (41.28) is in bearish territory, indicating downward momentum. MACD line (-0.13) is below Signal line (-0.11) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.20, indicating the average weekly price range.

Base Scenario

44.19% Probability

$9.59

-2.04% from current price

Price is likely to continue its moderate trajectory, reflecting underlying market conditions and historical volatility. Indicators suggest a balanced outlook. ADX (29.24) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (41.28) is in bearish territory, indicating downward momentum. MACD line (-0.13) is below Signal line (-0.11) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.20, indicating the average weekly price range.

Bearish Scenario

46.51% Probability

$9.29

-5.11% from current price

Increased selling pressure and potential for a significant price correction or downtrend. Indicators suggest waning bullish momentum or strengthening bearish forces. ADX (29.24) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (41.28) is in bearish territory, indicating downward momentum. MACD line (-0.13) is below Signal line (-0.11) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.20, indicating the average weekly price range.

Annual Outlook

Bullish Scenario

9.3% Probability

$10.59

8.17% from current price

Long-term bullish trend with strong fundamental catalysts and sustained institutional buying. Expect significant capital appreciation over the year. ADX (29.24) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (41.28) is in bearish territory, indicating downward momentum. MACD line (-0.13) is below Signal line (-0.11) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.20, indicating the average weekly price range.

Base Scenario

44.19% Probability

$9.39

-4.09% from current price

Steady long-term growth consistent with market and industry averages. Price expected to follow a typical growth trajectory. ADX (29.24) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (41.28) is in bearish territory, indicating downward momentum. MACD line (-0.13) is below Signal line (-0.11) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.20, indicating the average weekly price range.

Bearish Scenario

46.51% Probability

$8.79

-10.21% from current price

Long-term bearish trend with significant headwinds from economic factors, industry disruption, or company-specific issues. Expect notable price depreciation. ADX (29.24) indicates a strong trend. -DI > +DI suggests strong bearish directional bias. RSI (41.28) is in bearish territory, indicating downward momentum. MACD line (-0.13) is below Signal line (-0.11) (bearish crossover), confirming downward momentum. Both lines are below zero, reinforcing bearish trend. Current Weekly ATR is 0.20, indicating the average weekly price range.

Technical Analysis

Trend Identification

EMA

Exponential Moving Average

SELL

EMA(20) 9.78

EMA(50) 9.95

EMA(200) 10.2

Current price (9.76) is below both Short MA (9.78) and Long MA (9.95). This indicates strong bearish momentum. Short MA (9.78) is below Long MA (9.95), a bearish crossover ('Death Cross' if it's a significant period). This indicates a downward trend. All MAs are in bearish order (Price < Short MA < Long MA < Very Long MA 10.20). This is a strong bearish alignment. Consider short positions. Use the MAs as dynamic resistance levels.

MACD

Moving Average Convergence Divergence

BUY

MACD Line -0.05

Signal Line -0.06

Histogram 0.01

MACD line is above the Signal line (bullish crossover). This indicates upward momentum. Histogram (0.0100) is positive and expanding, confirming bullish momentum. Both MACD and Signal lines are below the zero line, reinforcing bearish momentum (bearish territory). A bullish crossover below the zero line can indicate a reversal from a prior downtrend. Consider this as a potential early buy signal.

ADX

Average Directional Index

SELL

ADX 37.95

+DI 14.32

-DI 22.17

ADX (37.95) indicates a strong trend is present. -DI (22.17) is above +DI (14.32), suggesting a bearish directional bias. This combination points to a strong downward trend. Consider taking short positions, as the strong downward trend is confirmed.

Momentum Measurement

RSI

Relative Strength Index

SELL

Current RSI 42.73

Oversold Neutral Overbought

RSI (42.73) is in the bearish territory, but not yet oversold. This indicates downward momentum. Monitor for continuation or signs of strength.

Stochastic

Stochastic Oscillator

BUY

%K Line 51.85

%D Line 42.07

Stochastics (%K: 51.85, %D: 42.07) are in the neutral zone (between 20 and 80). A bullish crossover (%K above %D) is observed. This indicates upward momentum. Be cautious if it's already in the overbought region.

CCI

Commodity Channel Index

SELL

CCI(20) -2.29

CCI (-2.29) is between -100 and 0. This indicates bearish momentum is present, but not yet extreme. A move below 0 from positive territory (bearish zero-line cross) can indicate a potential sell signal.

MACD

Momentum Perspective

BUY

Histogram Value 0.01

Volatility Measurement

ATR

Average True Range

0.07

ATR(14) 0.07

ATR % of Price ...%

Current ATR is 0.0700. ATR indicates average volatility. Market conditions are relatively stable.

Bollinger Bands

Volatility Bands

SELL

Upper Band 9.84

Middle Band (SMA20) 9.78

Lower Band 9.71

Band Width 1%

Current price (9.76) is within the Bollinger Bands (9.71 - 9.84). This suggests the price is trading within its typical volatility range. Price is below the Middle Band (9.78), indicating short-term bearish bias. Bollinger Bands are very narrow. This indicates low volatility and could precede a significant price move (a 'squeeze'). Prepare for a breakout. Trade breakouts with confirmation from volume or other momentum indicators.

Volume Analysis

OBV

On-Balance Volume

Rising

OBV Trend Upward

OBV vs Price Confirming

OBV (-2194066.00) is falling, indicating selling pressure and distribution. Price is falling and OBV is falling. This is bearish confirmation, indicating selling pressure supports the price decrease. Consider holding short positions or initiating new ones. Volume is supporting the trend.

Risk Management & Potential Reversals

SAR

Parabolic Stop and Reverse

SELL

Current SAR 9.8

Distance from Price 0.41%

SAR points above price indicate bearish trend. Current SAR at 9.80 is 0.41% from price. Consider SAR as a potential take-profit level or to confirm a downtrend.

RSI

Reversal Perspective

No Divergence

RSI Divergence None

Overbought/Oversold Neither

Current RSI level is in neutral territory. No RSI divergence detected. Current RSI level doesn't suggest imminent reversal.

Stochastic

Neutral

Approaching Overbought

Stochastic Position 51.9

Crossover Status Bullish

Stochastic is in neutral territory (51.9). No clear overbought/oversold signal. Current crossover status: Bullish.

Bollinger Bands

Reversal Perspective

Bearish Bias

Band Position Lower Half

Band Squeeze Squeeze Detected

Bollinger Bands are narrowing, indicating low volatility and a potential 'squeeze'. This often precedes a significant price move.Price is in the lower half of the bands, suggesting a bearish bias.