NUVEEN CORPORATE INCOME 2023 (JHAA) Stock Technical Analysis
NYSE:JHAA - New York Stock Exchange, Inc. - US67079F1012 - Currency: USD
We assign a technical rating of 9 out of 10 to JHAA. Both in the recent history as in the last year, JHAA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: JHAA has an average volume of 17838 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that JHAA is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, JHAA also shows a nice and consistent pattern of rising prices.
JHAA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so JHAA is leading the market.
In the last month JHAA has a been trading in a tight range between 9.60 and 9.71.
Considerably lower volume is observed in the last couple of days.
JHAA has an excellent technical rating and also presents 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 9.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.68, a Stop Loss order could be placed below this zone.
More info and screens
8.65
9.81
3 important support areas can be observed.
- A support zone ranging from 9.48 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.16 to 9.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 8.74 to 8.97. 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 9.71 to 9.71. 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 JHAA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JHAA is up. |
| ChartMill Relative Strength | 71.87 | POSITIVE | JHAA has a high relative strength, it outperformed 71.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JHAA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JHAA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JHAA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.87 | OVERBOUGHT | The high RSI value suggests JHAA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JHAA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.5 | OVERBOUGHT | The high Stochastics value suggests JHAA may be overbought. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for JHAA suggests low volalility. |
| Average Directional Index/ADX (14) | 72.2 | POSITIVE | The high ADX value value for JHAA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 9.72 | 9.63 | 0.09 (0.93%) | 25.00% |
| An entry @9.72. This is a Buy Stop order right above the resistance zone. | An exit @9.63. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.93%. | For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NYSE:JHAA (11/24/2023, 7:46:59 PM)
9.7041
+0 (+0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.25%
2 Weeks0.46%
1 Month1.08%
3 Month2.65%
6 Month4.46%
12 Month6.99%
2 Year-2.57%
3 Year1.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.24%
ATR Inc-50.96%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.87
Mansfield-0.42
10 Day High9.71
10 Day Low9.64
20 Day High9.71
20 Day Low9.6
52 Week High9.71
52 Week Low8.94
CS1 End9.68
CR1 Start9.71
Volume & EV
DER(3)-1.19%
DER(5)-1.11%
Volume1.00K
Volume Incr-43.74%
Vol(5)10.06K
Vol(50)17.84K