Nuveen High Income 2020 Target (JHY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:JHY
We assign a technical rating of 6 out of 10 to JHY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, JHY is only an average performer.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- JHY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JHY is lagging the market slightly.
- When compared to the yearly performance of all other stocks, JHY outperforms 45% of them, which is more or less in line with the market.
- In the last month JHY has a been trading in a tight range between 9.45 and 9.53.
- Volume is considerably higher in the last couple of days.
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
When analyzing the support we can see 2 important 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.
We can see 3 important resistance 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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- 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%)
Nuveen High Income 2020 Target / JHY FAQ
What is the technical rating for JHY stock?
ChartMill assigns a technical rating of 6 / 10 to JHY.
What is the current trend direction of Nuveen High Income 2020 Target (JHY) stock?
The current trend direction for Nuveen High Income 2020 Target (JHY) is Bullish.
What is the RSI signal for JHY stock?
Nuveen High Income 2020 Target (JHY) has an RSI value of 58.1304. This indicates that the stock is currently neutral.
What is the MACD signal for JHY stock?
The MACD indicator for Nuveen High Income 2020 Target (JHY) has a value of 0.00167405, indicating a bearish trend.
What are the support and resistance levels for Nuveen High Income 2020 Target (JHY) stock?
Nuveen High Income 2020 Target (JHY) has a support level at 9.5 and a resistance level at 9.53. Check the full technical report for our detailed analysis of JHY support and resistance levels.