NUVEEN CA QLTY MUNI INC (NAC) Stock Technical Analysis
NYSE:NAC - New York Stock Exchange, Inc. - US67066Y1055 - Currency: USD
Taking everything into account, NAC scores 3 out of 10 in our technical rating. In the past year, NAC 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.
NAC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 11.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.02, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NAC 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
10.40
We found 1 important support area.
- A support zone ranging from 10.50 to 11.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @11.12 from a horizontal line in the daily time frame.
- A resistance zone ranging from 11.36 to 11.54. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 11.77 to 12.00. 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 NAC is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NAC is up. |
| ChartMill Relative Strength | 33.6 | NEUTRAL | NAC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NAC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NAC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NAC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.02 | NEUTRAL | The RSI value for NAC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NAC has a positive trend. |
| Stochastics (14,3) | 77.51 | NEUTRAL | The Stochastics value for NAC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for NAC suggests low volalility. |
| Average Directional Index/ADX (14) | 19.56 | NEGATIVE | The low ADX value for NAC suggests a weak or negative trend. |
11.04
+0.01 (+0.09%)