NUVEEN AMT-FR QLTY MUNI INC (NEA)       10.875  +0.07 (+0.69%)

10.875  +0.07 (+0.69%)

US6706571055

Technical Rating

0

Overall NEA gets a technical rating of 0 out of 10. NEA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
61% of all other stocks performed better in the past year than NEA.
NEA is currently trading near the lower end of its 52 week range, which is not a good sign. 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 NEA has a been trading in the 10.71 - 12.04 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -9.77% -9.09% -18.37% -28.57% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 39.44 10.71 - 15.62
NEA Weekly chart
NEA Daily chart

Support/Resistance Analysis


10.63

12.69
We found 1 important support area.
  • A support zone ranging from 10.74 to 10.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
  • A resistance zone ranging from 11.99 to 12.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 12.56 to 12.56. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

3

The technical rating of NEA is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


NEA Daily chart

NUVEEN AMT-FR QLTY MUNI INC10.875

NYSE:NEA (9/28/2022, 8:33:00 AM)+0.07 (+0.69%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today 0.69% 1 Week -3.4%
2 Weeks -6.09% 1 Month -9.77%
3 Month -9.09% 6 Month -18.37%
Volatility
ATR(14) 0.14 ATR(20)% 1.31%
ATR Inc 53.41% Range Today 0.02
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 39.44 Mansfield -0.45
10 Day High 11.54 10 Day Low 10.71
20 Day High 12.04 20 Day Low 10.71
52 Week High 15.62 52 Week Low 10.71
CS1 End N/A CR1 Start 11.99
Volume & EV
DER(3) -0.04% DER(5) -1.81%
Volume 79.97K Volume Incr 26.45%
Vol(5) 952.12K Vol(50) 754.84K

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