Nuveen High Income November 2021 Target Term Fun (JHB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JHB -
Taking everything into account, JHB scores 5 out of 10 in our technical rating. JHB has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, JHB is a bad performer in the overall market: 71% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- JHB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month JHB has a been trading in a tight range between 9.36 and 9.41.
Although the technical rating is only medium, JHB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.39, 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
9.16
When analyzing the support we notice one important area.
- A support zone ranging from 9.25 to 9.39. 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 one important area.
- A resistance zone ranging from 9.41 to 9.45. 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 JHB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JHB is up. |
| ChartMill Relative Strength | 29.96 | NEGATIVE | JHB has a low relative strength, it was outperformed by 70.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JHB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JHB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JHB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.25 | NEUTRAL | The RSI value for JHB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JHB has a positive trend. |
| Stochastics (14,3) | 57.75 | NEUTRAL | The Stochastics value for JHB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.13 | LOW VOLATILITY | The low ATR as a percentage value for JHB suggests low volalility. |
Nuveen High Income November 2021 Target Term Fun
NYSE:JHB (10/26/2021, 7:04:09 PM)
After market: 9.39 -0.01 (-0.1%)9.3993
+0.01 (+0.1%)
Nuveen High Income November 2021 Target Term Fun / JHB FAQ
What is the technical rating for JHB stock?
ChartMill assigns a technical rating of 5 / 10 to JHB.
What is the trend direction for JHB stock?
The current trend direction for Nuveen High Income November 2021 Target Term Fun (JHB) is Bullish.
What is the RSI signal for Nuveen High Income November 2021 Target Term Fun (JHB) stock?
Nuveen High Income November 2021 Target Term Fun (JHB) has an RSI value of 58.2487. This indicates that the stock is currently neutral.
What is the MACD signal for Nuveen High Income November 2021 Target Term Fun (JHB) stock?
The MACD indicator for Nuveen High Income November 2021 Target Term Fun (JHB) has a value of 0.0015182, indicating a bearish trend.
What is the short term momentum for JHB stock?
The short term momentum for Nuveen High Income November 2021 Target Term Fun (JHB) is positive.