NUVEEN S&P 500 BUY-WR INC (BXMX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BXMX - US6706ER1015
We assign a technical rating of 7 out of 10 to BXMX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BXMX is only an average performer.
Although BXMX has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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13.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.25 to 14.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.86 to 14.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 14.81 to 14.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BXMX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BXMX is up. |
| ChartMill Relative Strength | 54 | NEUTRAL | BXMX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BXMX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BXMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BXMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.19 | NEUTRAL | The RSI value for BXMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BXMX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.8 | OVERBOUGHT | The high Stochastics value suggests BXMX may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for BXMX suggests low volalility. |
| Average Directional Index/ADX (14) | 16.56 | NEGATIVE | The low ADX value for BXMX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.82 | 14.36 | 0.46 (3.10%) | 25.00% |
| An entry @14.82. This is a Buy Stop order right above the resistance zone. | An exit @14.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.46 points, which is 3.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.79
-0.01 (-0.07%)
NUVEEN S&P 500 BUY-WR INC / BXMX FAQ
What is the technical rating for BXMX stock?
ChartMill assigns a technical rating of 7 / 10 to BXMX.
What is the trend direction for BXMX stock?
The current trend direction for NUVEEN S&P 500 BUY-WR INC (BXMX) is Bullish.
Can you provide the RSI signal for NUVEEN S&P 500 BUY-WR INC?
NUVEEN S&P 500 BUY-WR INC (BXMX) has an RSI value of 67.1886. This indicates that the stock is currently neutral.
What is the MACD signal for BXMX stock?
The MACD indicator for NUVEEN S&P 500 BUY-WR INC (BXMX) has a value of 0.0340223, indicating a bearish trend.
What is the short term momentum for NUVEEN S&P 500 BUY-WR INC (BXMX) stock?
The short term momentum for NUVEEN S&P 500 BUY-WR INC (BXMX) is positive.