NUVEEN MULTI-MARKET INCOME (JMM) Stock Technical Analysis
NYSE:JMM - New York Stock Exchange, Inc. - US67075J1079 - Currency: USD
We assign a technical rating of 4 out of 10 to JMM. JMM has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
JMM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.13, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JMM 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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5.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.98 to 6.13. 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 5.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.18 to 6.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for JMM is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JMM is neutral. |
| ChartMill Relative Strength | 48.88 | NEUTRAL | JMM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JMM is below a declining 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) | DOWN | MIXED | The current price of JMM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.29 | NEUTRAL | The RSI value for JMM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests JMM has a negative trend. |
| Stochastics (14,3) | 70.55 | NEUTRAL | The Stochastics value for JMM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for JMM suggests low volalility. |
| Average Directional Index/ADX (14) | 20.74 | NEUTRAL | The ADX value for JMM suggests a possible start of a new trend. |
NYSE:JMM (6/18/2025, 8:04:00 PM)
6.17
-0.03 (-0.41%)