NUVEEN AMT-FR QLTY MUNI INC (NEA)       11.49  -0.01 (-0.09%)

11.49  -0.01 (-0.09%)

US6706571055

Technical Rating

5

We assign a technical rating of 5 out of 10 to NEA. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEA was also a bad performer in the overall market in the last year.



The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NEA has an average volume of 1419790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NEA is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month NEA has a been trading in a tight range between 11.04 and 11.65.
Considerably lower volume is observed in the last couple of days.
When comparing the yearly performance of all stocks, NEA is a bad performer in the overall market: 62% of all stocks are doing better.

Statistics

1 Month 3 Months 6 Months 12 Months 4.36% 11.01% -9.67% -17.93% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 38.2 10.22 - 14.34
NEA Weekly chart
NEA Daily chart

Support/Resistance Analysis


10.14

12.69
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 11.29 to 11.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.24 to 10.28. 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 11.49 to 11.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @12.56 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

7

NEA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.39, a Stop Loss order could be placed below this zone.


NEA Daily chart

NUVEEN AMT-FR QLTY MUNI INC11.49

NYSE:NEA (1/27/2023, 7:24:07 PM)-0.01 (-0.09%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today -0.09% 1 Week -0.95%
2 Weeks 0.97% 1 Month 4.36%
3 Month 11.01% 6 Month -9.67%

Volatility
ATR(14) 0.12 ATR(20)% 1.27%
ATR Inc -38.2% Range Today 0.06

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 38.2 Mansfield -0.46
10 Day High 11.65 10 Day Low 11.3
20 Day High 11.65 20 Day Low 11.04
52 Week High 14.34 52 Week Low 10.22
CS1 End 11.39 CR1 Start 11.49

Volume & EV
DER(3) -6.82% DER(5) -6.11%
Volume 559.80K Volume Incr -50.29%
Vol(5) 780.42K Vol(50) 1.42M

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