NUVEEN CA QUAL MUNI INC FD (NAC)       10.9  -0.02 (-0.18%)

10.9  -0.02 (-0.18%)

US67066Y1055

Technical Rating

0

Taking everything into account, NAC scores 0 out of 10 in our technical rating. NAC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



Volume is considerably higher in the last couple of days.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
66% of all other stocks performed better in the past year than NAC.
NAC is currently making a new 52 week low. This is a very bad signal. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month NAC has a been trading in the 10.68 - 12.25 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -10.36% -12.17% -16.98% -30.26% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 34.2 10.68 - 15.8
NAC Weekly chart
NAC Daily chart

Support/Resistance Analysis


10.79

13.26
When analyzing the resistance we notice 5 important areas.
  • A resistance zone ranging from 11.90 to 11.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 12.20 to 12.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @12.42 from a trend line in the daily time frame.
  • Resistance @12.78 from a horizontal line in the daily time frame.
  • Resistance @13.13 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

1

The technical rating of NAC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


NAC Daily chart

NUVEEN CA QUAL MUNI INC FD10.9

NYSE:NAC (9/27/2022, 3:10:03 PM)-0.02 (-0.18%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -0.18% 1 Week -5.22%
2 Weeks -8.63% 1 Month -10.36%
3 Month -12.17% 6 Month -16.98%
Volatility
ATR(14) 0.2 ATR(20)% 1.82%
ATR Inc 71.21% Range Today 0.27
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 34.2 Mansfield -0.43
10 Day High 11.95 10 Day Low 10.68
20 Day High 12.25 20 Day Low 10.68
52 Week High 15.8 52 Week Low 10.68
CS1 End N/A CR1 Start 11.9
Volume & EV
DER(3) -9.83% DER(5) -5.59%
Volume 391.71K Volume Incr 69.59%
Vol(5) 351.62K Vol(50) 237.55K

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