Nuveen High Income 2020 Target (JHY) Stock Technical Analysis
NYSE:JHY - New York Stock Exchange, Inc. -
We assign a technical rating of 6 out of 10 to JHY. Although JHY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
JHY 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 9.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.50, a Stop Loss order could be placed below this zone.
More info and screens
8.93
We found 2 important support areas.
- A support zone ranging from 9.28 to 9.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @9.02 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 9.53 to 9.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.16 to 10.30. 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 JHY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JHY is neutral. |
| ChartMill Relative Strength | 45.87 | NEUTRAL | JHY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JHY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JHY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of JHY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.13 | NEUTRAL | The RSI value for JHY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JHY has a positive trend. |
| Stochastics (14,3) | 64.44 | NEUTRAL | The Stochastics value for JHY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for JHY suggests low volalility. |
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 |
|---|---|---|---|
| 9.55 | 9.46 | 0.09 (0.94%) | 25.00% |
| An entry @9.55. This is a Buy Stop order right above the resistance zone. | An exit @9.46. 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 0.94%. | For a 0.24% 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.
Nuveen High Income 2020 Target
NYSE:JHY (10/26/2020, 7:49:45 PM)
9.52
+0.02 (+0.21%)