NUVEEN EMERGING MARKETS DEBT (JEMD) Stock Technical Analysis
NYSE:JEMD - US67077P1012
Overall JEMD gets a technical rating of 5 out of 10. In the past year, JEMD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
JEMD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 6.64. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.62, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.19
We found 2 important support areas.
- A support zone ranging from 6.53 to 6.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.25 to 6.30. 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 6.64 to 6.64. 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 | DOWN | NEGATIVE | The long term trend for JEMD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JEMD is up. |
| ChartMill Relative Strength | 51.42 | NEUTRAL | JEMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JEMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JEMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JEMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.74 | OVERBOUGHT | The high RSI value suggests JEMD may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JEMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.69 | OVERBOUGHT | The high Stochastics value suggests JEMD may be overbought. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for JEMD suggests low volalility. |
| Average Directional Index/ADX (14) | 40.02 | POSITIVE | The high ADX value value for JEMD suggests a strong trend. |
NYSE:JEMD (11/25/2022, 8:09:25 PM)
6.63
0 (-0.05%)