NUVEEN CA QLTY MUNI INC (NAC) Stock Technical Analysis
NYSE:NAC • US67066Y1055
We assign a technical rating of 6 out of 10 to NAC. Although NAC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- NAC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NAC is lagging the market slightly.
- When compared to the yearly performance of all other stocks, NAC outperforms 45% of them, which is more or less in line with the market.
- In the last month NAC has a been trading in a tight range between 11.75 and 11.99.
NAC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.84, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.40
3 important support areas can be observed.
- A support zone ranging from 11.68 to 11.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.71 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.50 to 10.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 11.87 to 12.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for NAC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NAC is neutral. |
| ChartMill Relative Strength | 45.36 | NEUTRAL | NAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NAC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NAC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NAC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.48 | NEUTRAL | The RSI value for NAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NAC has a negative trend. |
| Stochastics (14,3) | 47.4 | NEUTRAL | The Stochastics value for NAC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for NAC suggests low volalility. |
| Average Directional Index/ADX (14) | 9.03 | NEGATIVE | The low ADX value for NAC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.89 | 11.78 | 0.11 (0.96%) | 25.00% |
| An entry @11.89. This is a Buy Stop order right above the 10 day moving average. | An exit @11.78. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.11 points, which is 0.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.24%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
11.8687
+0.02 (+0.16%)
NUVEEN CA QLTY MUNI INC / NAC FAQ
What is the technical rating for NAC stock?
ChartMill assigns a technical rating of 6 / 10 to NAC.
What is the current trend direction of NUVEEN CA QLTY MUNI INC (NAC) stock?
The current trend direction for NUVEEN CA QLTY MUNI INC (NAC) is Bullish.
Can you provide the RSI signal for NUVEEN CA QLTY MUNI INC?
NUVEEN CA QLTY MUNI INC (NAC) has an RSI value of 46.4807. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NUVEEN CA QLTY MUNI INC?
The MACD indicator for NUVEEN CA QLTY MUNI INC (NAC) has a value of -0.00281724, indicating a bearish trend.