Nuveen Energy MLP Total Return Fund (JMF) Stock Technical Analysis
NYSE:JMF - New York Stock Exchange, Inc. -
We assign a technical rating of 1 out of 10 to JMF. JMF's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
JMF has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 1.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.37, a Stop Loss order could be placed below this zone.
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1.34
When analyzing the support we notice one important area.
- A support zone ranging from 1.35 to 1.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 1.44 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.60 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for JMF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JMF is down. |
| ChartMill Relative Strength | 0.92 | NEGATIVE | JMF has a low relative strength, it was outperformed by 99.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JMF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JMF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JMF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.49 | NEUTRAL | The RSI value for JMF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests JMF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.81 | NEUTRAL | The Stochastics value for JMF is a neutral value. |
| Average True Range in percent/ATR (20) | 6.66 | HIGH VOLATILITY | The high ATR as a percentage value for JMF suggests high volalility. |
Nuveen Energy MLP Total Return Fund
NYSE:JMF (5/4/2020, 8:04:04 PM)
1.43
0 (0%)