Nuveen Diversified Dividend and (JDD) Stock Technical Analysis
NYSE:JDD -
Overall JDD gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, JDD 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 10.70, a Stop Loss order could be placed below this zone.
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9.97
When analyzing the support we notice one important area.
- A support zone ranging from 10.07 to 10.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.83 to 10.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.21 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for JDD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JDD is neutral. |
| ChartMill Relative Strength | 70.94 | POSITIVE | JDD has a high relative strength, it outperformed 70.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JDD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of JDD is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.14 | NEUTRAL | The RSI value for JDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests JDD has a negative trend. |
| Stochastics (14,3) | 31.31 | NEUTRAL | The Stochastics value for JDD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for JDD suggests low volalility. |
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 |
|---|---|---|---|
| 10.84 | 10.65 | 0.19 (1.78%) | 25.00% |
| An entry @10.84. This is a Buy Stop order right above the 10 day moving average. | An exit @10.65. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.19 points, which is 1.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- 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.
Nuveen Diversified Dividend and
NYSE:JDD (11/19/2021, 8:07:01 PM)
10.74
-0.04 (-0.37%)