NUVEEN AMT-FR QLTY MUNI INC (NEA) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NEA • US6706571055
Taking everything into account, NEA scores 7 out of 10 in our technical rating. Although NEA 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 and short term trends are both positive. This is looking good!
- NEA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When compared to the yearly performance of all other stocks, NEA outperforms 46% of them, which is more or less in line with the market.
- In the last month NEA has a been trading in a tight range between 11.48 and 11.83.
NEA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 11.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.68, a Stop Loss order could be placed below this zone.
More info and screens
10.49
2 important support areas can be observed.
- A support zone ranging from 11.26 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.60 to 10.63. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.76 to 11.83. 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 | UP | POSITIVE | The long term trend for NEA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEA is up. |
| ChartMill Relative Strength | 46.31 | NEUTRAL | NEA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.6 | NEUTRAL | The RSI value for NEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NEA has a positive trend. |
| Stochastics (14,3) | 82.46 | OVERBOUGHT | The high Stochastics value suggests NEA may be overbought. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for NEA suggests low volalility. |
| Average Directional Index/ADX (14) | 11.64 | NEGATIVE | The low ADX value for NEA 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 |
|---|---|---|---|
| 11.84 | 11.47 | 0.37 (3.12%) | 25.00% |
| An entry @11.84. This is a Buy Stop order right above the resistance zone. | An exit @11.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.37 points, which is 3.12%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
11.75
+0.03 (+0.26%)
NUVEEN AMT-FR QLTY MUNI INC / NEA FAQ
What is the technical rating for NEA stock?
ChartMill assigns a technical rating of 7 / 10 to NEA.
What is the trend direction for NEA stock?
The current trend direction for NUVEEN AMT-FR QLTY MUNI INC (NEA) is Bullish.
What is the RSI signal for NEA stock?
NUVEEN AMT-FR QLTY MUNI INC (NEA) has an RSI value of 58.596. This indicates that the stock is currently neutral.
What is the MACD signal for NUVEEN AMT-FR QLTY MUNI INC (NEA) stock?
The MACD indicator for NUVEEN AMT-FR QLTY MUNI INC (NEA) has a value of 0.00670328, indicating a bearish trend.
What is the support and resistance level for NEA stock?
NUVEEN AMT-FR QLTY MUNI INC (NEA) has a support level at 11.68 and a resistance level at 11.76. Check the full technical report for our detailed analysis of NEA support and resistance levels.