Nuveen All Cap Energy MLP Oppo (JMLP) Technical Analysis
NYSE:JMLP
Current stock price
JMLP Technical Rating and Analysis
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than JMLP.
- JMLP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month JMLP has a been trading in the 0.85 - 1.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
JMLP Weekly and Daily overview Charts
JMLP Setup Rating and Analysis
Although the technical rating is bad, JMLP does present a nice setup opportunity. 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.
More info and screens
JMLP Support and Resistance Analysis
0.98
2 important support areas can be observed.
- Support @1.05 from a trend line in the daily time frame.
- Support @0.99 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- 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.
JMLP 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 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. |
JMLP Chart- and CandleStick Pattern Analysis
JMLP Technicals: Chart, Performance Metrics, Trend & Indicators
Nuveen All Cap Energy MLP Oppo
NYSE:JMLP (5/4/2020, 8:04:04 PM)
1.11
0 (0%)
Nuveen All Cap Energy MLP Oppo / JMLP TA FAQ
What is the technical rating for JMLP stock?
ChartMill assigns a technical rating of 0 / 10 to JMLP.
Can you provide the trend direction for Nuveen All Cap Energy MLP Oppo?
The current trend direction for Nuveen All Cap Energy MLP Oppo (JMLP) is Bearish.
What is the RSI signal for JMLP stock?
Nuveen All Cap Energy MLP Oppo (JMLP) has an RSI value of 38.3377. This indicates that the stock is currently neutral.
What is the short term momentum for JMLP stock?
The short term momentum for Nuveen All Cap Energy MLP Oppo (JMLP) is negative.
What are the support and resistance levels for Nuveen All Cap Energy MLP Oppo (JMLP) stock?
Nuveen All Cap Energy MLP Oppo (JMLP) has a support level at 1.05 and a resistance level at 1.12. Check the full technical report for our detailed analysis of JMLP support and resistance levels.