Nuveen Energy MLP Total Return Fund (JMF) Technical Analysis
NYSE:JMF
Current stock price
JMF Technical Rating and Analysis
Taking everything into account, JMF scores 1 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, JMF is a bad performer in the overall market: 100% of all stocks are doing better.
- JMF is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month JMF has a been trading in the 1.21 - 1.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
JMF Weekly and Daily overview Charts
JMF Setup Rating and Analysis
JMF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
JMF Support and Resistance Analysis
1.34
We found 1 important support 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.
JMF Technical Indicator Signal Analysis
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. |
JMF Chart- and CandleStick Pattern Analysis
JMF Technicals: Chart, Performance Metrics, Trend & Indicators
Nuveen Energy MLP Total Return Fund
NYSE:JMF (5/4/2020, 8:04:04 PM)
1.43
0 (0%)
Nuveen Energy MLP Total Return Fund / JMF TA FAQ
What is the technical rating for JMF stock?
ChartMill assigns a technical rating of 1 / 10 to JMF.
Can you provide the trend direction for Nuveen Energy MLP Total Return Fund?
The current trend direction for Nuveen Energy MLP Total Return Fund (JMF) is Bearish.
What is the RSI signal for JMF stock?
Nuveen Energy MLP Total Return Fund (JMF) has an RSI value of 36.4908. This indicates that the stock is currently neutral.
What is the short term momentum for JMF stock?
The short term momentum for Nuveen Energy MLP Total Return Fund (JMF) is negative.
What is the support and resistance level for JMF stock?
Nuveen Energy MLP Total Return Fund (JMF) has a support level at 1.37 and a resistance level at 1.44. Check the full technical report for our detailed analysis of JMF support and resistance levels.