NUVEEN FLOAT RATE INC FD (JFR)       8.34  -0.09 (-1.07%)

8.34  -0.09 (-1.07%)

US67072T1088 - After market: 8.5 +0.16 (+1.92%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to JFR. In the past year, JFR was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.



The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, JFR turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
In the last month JFR has a been trading in the 8.11 - 8.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JFR is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.24% -3.81% -6.61% -18.55% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 46.38 7.8 - 10.65
JFR Weekly chart
JFR Daily chart

Support/Resistance Analysis


7.75

10.47
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 8.16 to 8.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @7.96 from a horizontal line in the daily time frame.
  • A support zone ranging from 7.83 to 7.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
  • A resistance zone ranging from 8.34 to 8.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @8.97 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 9.19 to 9.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @10.37 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

3

JFR has an average technical rating and it also does not offer a high quality setup 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.


JFR Daily chart

NUVEEN FLOAT RATE INC FD8.34

NYSE:JFR (12/6/2022, 7:04:00 PM)-0.09 (-1.07%)

After market: 8.5 +0.16 (+1.92%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -1.07% 1 Week -0.71%
2 Weeks 0.97% 1 Month 0.24%
3 Month -3.81% 6 Month -6.61%
Volatility
ATR(14) 0.12 ATR(20)% 1.47%
ATR Inc 21.14% Range Today 0.11
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 46.38 Mansfield -0.36
10 Day High 8.65 10 Day Low 8.29
20 Day High 8.65 20 Day Low 8.11
52 Week High 10.65 52 Week Low 7.8
CS1 End 8.2 CR1 Start 8.34
Volume & EV
DER(3) -8.52% DER(5) -2.61%
Volume 131.00K Volume Incr -7.9%
Vol(5) 166.20K Vol(50) 191.79K

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