NUVEEN DOW 30 DYNAMIC OVERWR (DIAX) Stock Technical Analysis
USA - NYSE:DIAX - US67075F1057
Taking everything into account, DIAX scores 5 out of 10 in our technical rating. DIAX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, DIAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.49, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DIAX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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12.96
We found 3 important support areas.
- A support zone ranging from 14.19 to 14.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.94 from a horizontal line in the daily time frame.
- Support @13.09 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.60 to 14.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for DIAX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DIAX is neutral. |
| ChartMill Relative Strength | 45.72 | NEUTRAL | DIAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DIAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DIAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of DIAX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.16 | NEUTRAL | The RSI value for DIAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DIAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.67 | NEUTRAL | The Stochastics value for DIAX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for DIAX suggests low volalility. |
| Average Directional Index/ADX (14) | 27.8 | POSITIVE | The high ADX value value for DIAX suggests a strong trend. |
14.58
+0.13 (+0.9%)