NUVEEN MULTI-MARKET INCOME (JMM) Stock Technical Analysis
NYSE:JMM - New York Stock Exchange, Inc. - US67075J1079 - Currency: USD
Overall JMM gets a technical rating of 7 out of 10. Although JMM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: JMM has an average volume of 8189 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
JMM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so JMM is lagging the market slightly.
In the last month JMM has a been trading in the 6.06 - 6.46 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the performance of all stocks over the past year, JMM turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, JMM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.41. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.26, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
5.74
6.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.13 to 6.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.80 to 6.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 6.41 to 6.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for JMM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JMM is up. |
| ChartMill Relative Strength | 46.3 | NEUTRAL | JMM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JMM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JMM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of JMM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.28 | NEUTRAL | The RSI value for JMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JMM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.48 | NEUTRAL | The Stochastics value for JMM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for JMM suggests low volalility. |
| Average Directional Index/ADX (14) | 19.95 | NEGATIVE | The low ADX value for JMM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.31 | 6.21 | 0.10 (1.61%) | 25.00% |
| An entry @6.31. This is a Buy Stop order right above the 10 day moving average. | An exit @6.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.10 points, which is 1.61%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.40%. |
- The distance between exit and entry is rather small compared to the average daily movement of JMM. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSE:JMM (7/15/2025, 4:10:02 PM)
6.28
-0.07 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.08%
1 Week0.96%
2 Weeks0%
1 Month1.29%
3 Month3.97%
6 Month5.02%
12 Month3.97%
2 Year6.08%
3 Year-3.83%
5 Year-8.72%
10 Year-13.5%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.82%
ATR Inc7.92%
Range Today0.11
ADR(20)0.11
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.3
Mansfield-0.5
10 Day High6.46
10 Day Low6.22
20 Day High6.46
20 Day Low6.06
52 Week High6.47
52 Week Low5.68
CS1 End6.26
CR1 Start6.41
Volume & EV
DER(3)-8.42%
DER(5)-8.04%
Volume7.96K
Volume Incr227.35%
Vol(5)21.03K
Vol(50)8.19K