Nuveen High Income November 2021 Target Term Fun (JHB) Stock Technical Analysis
NYSE:JHB - New York Stock Exchange, Inc. -
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.
JHB has only a medium technical rating, but it does show a decent setup pattern. 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.
We found 1 important resistance 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%)