VanEck Vectors CEF Municipal Income ETF (XMPT) Seeing Increased Volatility in Session

Needle moving action has been spotted in VanEck Vectors CEF Municipal Income ETF (XMPT) as shares are moving today on volatility 0.41% or 0.111 from the open. The NYSE listed company saw a recent bid of 27.271 and 6179 shares have traded hands in the session.

Investors might be looking for a way to boost profits as we move deeper into the second half of the year. Finding that next big winner may take a lot of research and number crunching with so many stocks trading around all-time highs. Finding that gem that everyone else missed can be an exhilarating feeling. On the other side of the coin, nobody wants to be stuck with that loser that drags down the portfolio. Knowing when to cut losses can play a significant role in longer-term portfolio stability. Investors may get too attached to a specific stock, and let emotions get involved in the decision making process. Keeping emotions out of stock picking may be tough, but it may be a smart play. 

Taking a deeper look into the technical levels of VanEck Vectors CEF Municipal Income ETF (XMPT), we can see that the Williams Percent Range or 14 day Williams %R currently sits at 0.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator.

VanEck Vectors CEF Municipal Income ETF (XMPT) currently has a 14-day Commodity Channel Index (CCI) of 138.96. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, VanEck Vectors CEF Municipal Income ETF’s  14-day RSI is currently at 65.07, the 7-day stands at 73.56, and the 3-day is sitting at 91.69.

Currently, the 14-day ADX for VanEck Vectors CEF Municipal Income ETF (XMPT) is sitting at 22.86. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend.