NUVEEN CREDIT STRAT INCM (JQC)       5.24  -0.05 (-0.95%)

5.24  -0.05 (-0.95%)

US67073D1028 - After market: 5.16 -0.08 (-1.53%)

Technical Rating

5

Taking everything into account, JQC scores 5 out of 10 in our technical rating. JQC has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month JQC has a been trading in the 5.10 - 5.48 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, JQC turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
JQC is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.58% -2.96% -4.90% -18.51% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 47.52 4.92 - 6.6
JQC Weekly chart
JQC Daily chart

Support/Resistance Analysis


4.89

6.78
When analyzing the support we can see 3 important areas.
  • A support zone ranging from 5.12 to 5.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @5.02 from a horizontal line in the daily time frame.
  • A support zone ranging from 4.94 to 4.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 5.27 to 5.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @5.55 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 5.66 to 5.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @6.28 from a trend line in the weekly time frame.
  • Resistance @6.71 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

6

JQC has an average technical rating and the quality of the presented setup is also not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


JQC Daily chart

NUVEEN CREDIT STRAT INCM5.24

NYSE:JQC (12/6/2022, 7:04:00 PM)-0.05 (-0.95%)

After market: 5.16 -0.08 (-1.53%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -0.95% 1 Week -0.57%
2 Weeks 1.35% 1 Month 0.58%
3 Month -2.96% 6 Month -4.9%
Volatility
ATR(14) 0.09 ATR(20)% 1.65%
ATR Inc 5.14% Range Today 0.08
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 47.52 Mansfield -0.27
10 Day High 5.48 10 Day Low 5.14
20 Day High 5.48 20 Day Low 5.1
52 Week High 6.6 52 Week Low 4.92
CS1 End 5.22 CR1 Start 5.27
Volume & EV
DER(3) 2.19% DER(5) 2.42%
Volume 465.20K Volume Incr 16.68%
Vol(5) 561.48K Vol(50) 495.03K

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