Nuveen All Cap Energy MLP Oppo (JMLP) Stock Technical Analysis
NYSE:JMLP - New York Stock Exchange, Inc. -
We assign a technical rating of 0 out of 10 to JMLP. JMLP'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.
JMLP 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 1.12. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for JMLP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.98
We found 2 important support areas.
- Support @1.05 from a trend line in the daily time frame.
- Support @0.99 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.80 from a trend 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 JMLP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JMLP is down. |
| ChartMill Relative Strength | 1.52 | NEGATIVE | JMLP has a low relative strength, it was outperformed by 98.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of JMLP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JMLP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JMLP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.34 | NEUTRAL | The RSI value for JMLP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests JMLP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.8 | NEUTRAL | The Stochastics value for JMLP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for JMLP suggests high volalility. |
Nuveen All Cap Energy MLP Oppo
NYSE:JMLP (5/4/2020, 8:04:04 PM)
1.11
0 (0%)