NUVEEN CA QUAL MUNI INC FD (NAC) 10.9 -0.02 (-0.18%)
10.9 -0.02 (-0.18%)
US67066Y1055
Technical Rating
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
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
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.
NUVEEN CA QUAL MUNI INC FD10.9
NYSE:NAC (9/27/2022, 3:10:03 PM)-0.02 (-0.18%)
| GICS Sector | N/A | ||
| GICS Industry | N/A | ||
| Today | -0.18% | 1 Week | -5.22% |
| 2 Weeks | -8.63% | 1 Month | -10.36% |
| 3 Month | -12.17% | 6 Month | -16.98% |
| ATR(14) | 0.2 | ATR(20)% | 1.82% |
| ATR Inc | 71.21% | Range Today | 0.27 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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