Nuveen Floating Rate Income Opportunity Fund (JRO) Technical Analysis
NYSE:JRO • US6706EN1001
Current stock price
JRO Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to JRO. Recently some decent action could be observed, but in the medium term time frame this is still negative. JRO was also a bad performer in the overall market in the last year.
- 66% of all other stocks performed better in the past year than JRO.
- JRO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JRO is lagging the market.
- 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.
- In the last month JRO has a been trading in a tight range between 7.72 and 7.94.
JRO Weekly and Daily overview Charts
JRO Setup Rating and Analysis
Although the technical rating is bad, JRO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.86, a Stop Loss order could be placed below this zone.
More info and screens
JRO Support and Resistance Analysis
7.43
When analyzing the support we notice one important area.
- A support zone ranging from 7.50 to 7.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- Resistance @7.93 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.15 to 8.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
JRO 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 JRO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for JRO is up. |
| ChartMill Relative Strength | 34.04 | NEUTRAL | JRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JRO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.65 | NEUTRAL | The RSI value for JRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JRO has a positive trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for JRO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for JRO suggests low volalility. |
| Average Directional Index/ADX (14) | 10.08 | NEGATIVE | The low ADX value for JRO suggests a weak or negative trend. |
JRO Chart- and CandleStick Pattern Analysis
JRO Technicals: Chart, Performance Metrics, Trend & Indicators
Nuveen Floating Rate Income Opportunity Fund
NYSE:JRO (7/28/2023, 8:04:00 PM)
7.88
+0.08 (+1.03%)
Nuveen Floating Rate Income Opportunity Fund / JRO TA FAQ
What is the ChartMill technical rating of Nuveen Floating Rate Income Opportunity Fund (JRO) stock?
ChartMill assigns a technical rating of 3 / 10 to JRO.
What is the trend direction for JRO stock?
The current trend direction for Nuveen Floating Rate Income Opportunity Fund (JRO) is Bearish.
What is the RSI signal for JRO stock?
Nuveen Floating Rate Income Opportunity Fund (JRO) has an RSI value of 58.6458. This indicates that the stock is currently neutral.
What is the MACD signal for Nuveen Floating Rate Income Opportunity Fund (JRO) stock?
The MACD indicator for Nuveen Floating Rate Income Opportunity Fund (JRO) has a value of 0.00116784, indicating a bearish trend.
Can you provide the buy/sell signal for Nuveen Floating Rate Income Opportunity Fund?
The buy/sell signal for Nuveen Floating Rate Income Opportunity Fund (JRO) is hold as the short term and long term trends are mixed.