NUVEEN REAL ASSET INC & GRW (JRI) Stock Technical Analysis
NYSE:JRI • US67074Y1055
We assign a technical rating of 0 out of 10 to JRI. JRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, JRI is a bad performer in the overall market: 63% of all stocks are doing better.
- JRI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so JRI is lagging the market.
- In the last month JRI has a been trading in the 12.70 - 13.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, JRI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 13.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JRI 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
11.78
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.99 to 13.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.64 to 12.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.90 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 13.27 to 13.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 13.83 to 13.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 14.23 to 14.34. 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 | DOWN | NEGATIVE | The long term trend for JRI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JRI is neutral. |
| ChartMill Relative Strength | 37 | NEUTRAL | JRI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of JRI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.42 | NEUTRAL | The RSI value for JRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests JRI has a positive trend. |
| Stochastics (14,3) | 43.73 | NEUTRAL | The Stochastics value for JRI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for JRI suggests low volalility. |
| Average Directional Index/ADX (14) | 29.9 | POSITIVE | The high ADX value value for JRI suggests a strong trend. |
13.24
+0.08 (+0.61%)
NUVEEN REAL ASSET INC & GRW / JRI FAQ
What is the technical rating for JRI stock?
ChartMill assigns a technical rating of 0 / 10 to JRI.
What is the trend direction for JRI stock?
The current trend direction for NUVEEN REAL ASSET INC & GRW (JRI) is Bearish.
Can you provide the RSI signal for NUVEEN REAL ASSET INC & GRW?
NUVEEN REAL ASSET INC & GRW (JRI) has an RSI value of 48.4176. This indicates that the stock is currently neutral.
What is the short term momentum for NUVEEN REAL ASSET INC & GRW (JRI) stock?
The short term momentum for NUVEEN REAL ASSET INC & GRW (JRI) is neutral.
What is the support and resistance level for JRI stock?
NUVEEN REAL ASSET INC & GRW (JRI) has a support level at 13.15 and a resistance level at 13.27. Check the full technical report for our detailed analysis of JRI support and resistance levels.