NUVEEN PREFERED & INCOME OPP (JPC) Technical Analysis
NYSE:JPC • US67073B1061
Current stock price
JPC Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to JPC. Recently some decent action could be observed, but in the medium term time frame this is still negative. JPC was also a bad performer in the overall market in the last year.
- 68% of all other stocks performed better in the past year than JPC.
- In the last month JPC has a been trading in the 7.39 - 7.97 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- JPC has an average volume of 1150840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- JPC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JPC is lagging the market.
JPC Weekly and Daily overview Charts
JPC Setup Rating and Analysis
Although the technical rating is bad, JPC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 7.95. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for JPC 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
JPC Support and Resistance Analysis
7.34
2 important support areas can be observed.
- A support zone ranging from 7.85 to 7.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.95 to 8.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
JPC 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 JPC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JPC is up. |
| ChartMill Relative Strength | 32.29 | NEUTRAL | JPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JPC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JPC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.23 | NEUTRAL | The RSI value for JPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests JPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.02 | OVERBOUGHT | The high Stochastics value suggests JPC may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for JPC suggests low volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for JPC suggests a weak or negative trend. |
JPC Chart- and CandleStick Pattern Analysis
JPC Technicals: Chart, Performance Metrics, Trend & Indicators
7.94
-0.03 (-0.38%)
NUVEEN PREFERED & INCOME OPP / JPC TA FAQ
What is the technical rating for JPC stock?
ChartMill assigns a technical rating of 2 / 10 to JPC.
What is the trend direction for JPC stock?
The current trend direction for NUVEEN PREFERED & INCOME OPP (JPC) is Bearish.
What is the RSI signal for NUVEEN PREFERED & INCOME OPP (JPC) stock?
NUVEEN PREFERED & INCOME OPP (JPC) has an RSI value of 53.2344. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NUVEEN PREFERED & INCOME OPP?
The short term momentum for NUVEEN PREFERED & INCOME OPP (JPC) is positive.
Can you provide the buy/sell signal for NUVEEN PREFERED & INCOME OPP?
The buy/sell signal for NUVEEN PREFERED & INCOME OPP (JPC) is hold as the short term and long term trends are mixed.