NUVEEN TAXABLE MUNICIPAL INC (NBB) Stock Technical Analysis
NYSE:NBB - New York Stock Exchange, Inc. - US67074C1036 - Currency: USD
Taking everything into account, NBB scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NBB was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, NBB does present a nice setup opportunity. 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 15.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NBB in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
14.43
We found 3 important support areas.
- A support zone ranging from 15.54 to 15.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.82 to 15.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.58 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.72 to 15.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 16.31 to 16.54. 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 | NEUTRAL | NEUTRAL | The long term trend for NBB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NBB is up. |
| ChartMill Relative Strength | 38.48 | NEUTRAL | NBB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NBB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NBB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NBB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.19 | NEUTRAL | The RSI value for NBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NBB has a negative trend. |
| Stochastics (14,3) | 71.27 | NEUTRAL | The Stochastics value for NBB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for NBB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.08 | NEGATIVE | The low ADX value for NBB suggests a weak or negative trend. |
NYSE:NBB (7/11/2025, 8:04:00 PM)
15.69
-0.03 (-0.19%)