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. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 6.27. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.12, a Stop Loss order could be placed below this zone.
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5.74
We found 3 important support areas.
- A support zone ranging from 6.08 to 6.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.98 to 5.98. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 5.80 to 5.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Strong resistance @6.27 from a horizontal line in the daily time frame.
- 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 | 58.19 | 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) | DOWN | MIXED | The current price of JMM is above a declining 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) | 53.39 | 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) | 54.61 | NEUTRAL | The Stochastics value for JMM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for JMM suggests some volalility. |
| Average Directional Index/ADX (14) | 19.29 | NEGATIVE | The low ADX value for JMM suggests a weak or negative trend. |
NYSE:JMM (5/29/2025, 8:04:00 PM)
6.15
+0.02 (+0.24%)