Nuveen Energy MLP Total Return Fund (JMF) Technical Analysis
NYSE:JMF
Current stock price
JMF Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to JMF. JMF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than JMF.
- JMF is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so JMF is lagging the market.
- 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
Although the technical rating is bad, JMF does present a nice setup opportunity. 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.
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.