Nuveen Short Duration Credit Opportunities Fund (JSD) Stock Technical Analysis
USA - NYSE:JSD - US67074X1072
We assign a technical rating of 2 out of 10 to JSD. In the past year, JSD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, JSD does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 11.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.56, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JSD 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
11.03
We found 2 important support areas.
- A support zone ranging from 11.40 to 11.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.14 to 11.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.61 to 11.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 11.95 to 12.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.58 to 12.62. 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 JSD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for JSD is neutral. |
| ChartMill Relative Strength | 32.73 | NEUTRAL | JSD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of JSD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of JSD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JSD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.88 | NEUTRAL | The RSI value for JSD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests JSD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.82 | NEUTRAL | The Stochastics value for JSD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for JSD suggests low volalility. |
| Average Directional Index/ADX (14) | 10.62 | NEGATIVE | The low ADX value for JSD suggests a weak or negative trend. |
Nuveen Short Duration Credit Opportunities Fund
NYSE:JSD (7/28/2023, 8:04:00 PM)
11.6
+0.1 (+0.87%)