NUVEEN CREDIT STRATEGIES INC (JQC) Stock Technical Analysis
NYSE:JQC - New York Stock Exchange, Inc. - US67073D1028 - Currency: USD
Taking everything into account, JQC scores 7 out of 10 in our technical rating. In the last year, JQC was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
When compared to the yearly performance of all other stocks, JQC outperforms 44% of them, which is more or less in line with the market.
JQC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JQC is lagging the market.
In the last month JQC has a been trading in a tight range between 5.25 and 5.51.
Although JQC has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
4.77
6.00
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.33 to 5.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.20 from a horizontal line in the daily time frame.
- Support @4.96 from a horizontal line in the weekly time frame.
- A support zone ranging from 4.82 to 4.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.92 to 5.94. 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 JQC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JQC is up. |
| ChartMill Relative Strength | 44.12 | NEUTRAL | JQC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JQC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JQC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JQC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71 | OVERBOUGHT | The high RSI value suggests JQC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests JQC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.38 | OVERBOUGHT | The high Stochastics value suggests JQC may be overbought. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for JQC suggests low volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for JQC suggests a possible start of a new 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)
5.5
+0.02 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.36%
1 Week1.29%
2 Weeks2.42%
1 Month2.42%
3 Month9.78%
6 Month-3%
12 Month-1.79%
2 Year8.27%
3 Year0%
5 Year-6.46%
10 Year-35.97%
15 Year-33.57%
Volatility
ATR(14)0.03
ATR(20)%0.69%
ATR Inc0.72%
Range Today0.03
ADR(20)0.03
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.12
Mansfield-0.83
10 Day High5.51
10 Day Low5.38
20 Day High5.51
20 Day Low5.25
52 Week High5.94
52 Week Low4.6
CS1 End5.46
CR1 Start5.92
Volume & EV
DER(3)-5.78%
DER(5)-4.71%
Volume734.40K
Volume Incr7.26%
Vol(5)671.78K
Vol(50)761.70K