NUVEEN REAL ESTATE INCOME (JRS) Stock Technical Analysis
NYSE:JRS - New York Stock Exchange, Inc. - US67071B1089 - Currency: USD
Overall JRS gets a technical rating of 2 out of 10. JRS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
In the last month JRS has a been trading in the 7.58 - 8.12 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, JRS turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
JRS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so JRS is lagging the market slightly.
Although the technical rating is bad, JRS does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 7.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JRS 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
7.05
8.98
2 important support areas can be observed.
- A support zone ranging from 7.73 to 7.84. 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 7.12 to 7.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.90 to 8.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.28 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.64 to 8.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.86 to 8.89. 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 JRS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JRS is neutral. |
| ChartMill Relative Strength | 41.21 | NEUTRAL | JRS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of JRS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of JRS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JRS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.84 | NEUTRAL | The RSI value for JRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests JRS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.81 | NEUTRAL | The Stochastics value for JRS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for JRS suggests low volalility. |
| Average Directional Index/ADX (14) | 23.06 | NEUTRAL | The ADX value for JRS 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)
7.89
+0.14 (+1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.81%
1 Week1.68%
2 Weeks0.64%
1 Month0.9%
3 Month-10.85%
6 Month-18.11%
12 Month6.77%
2 Year12.07%
3 Year-25.35%
5 Year4.23%
10 Year-29.49%
15 Year-13.58%
Volatility
ATR(14)0.16
ATR(20)%1.97%
ATR Inc1.5%
Range Today0.13
ADR(20)0.14
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.21
Mansfield-0.94
10 Day High8.06
10 Day Low7.58
20 Day High8.12
20 Day Low7.58
52 Week High9.69
52 Week Low6.56
CS1 End7.84
CR1 Start7.9
Volume & EV
DER(3)7.99%
DER(5)3.75%
Volume34.30K
Volume Incr-0.22%
Vol(5)77.88K
Vol(50)90.28K