NUVEEN GA QUAL MUNI INC FD (NKG) Stock Technical Analysis
NYSE:NKG - New York Stock Exchange, Inc. - US67072B1070 - Currency: USD
Taking everything into account, NKG scores 3 out of 10 in our technical rating. In the past year, NKG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: NKG has an average volume of 21080 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, NKG turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
NKG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NKG is lagging the market.
In the last month NKG has a been trading in a tight range between 9.83 and 10.23.
NKG 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 support zone below the current price at 10.10, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
9.64
10.98
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.92 to 10.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.74 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.13 to 10.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.58 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.87 from a horizontal line in the daily time frame.
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 NKG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKG is up. |
| ChartMill Relative Strength | 49.09 | NEUTRAL | NKG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NKG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.2 | NEUTRAL | The RSI value for NKG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NKG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.08 | NEUTRAL | The Stochastics value for NKG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for NKG suggests low volalility. |
| Average Directional Index/ADX (14) | 17.13 | NEGATIVE | The low ADX value for NKG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:NKG (4/14/2023, 8:04:01 PM)
10.1
-0.1 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.98%
1 Week-0.05%
2 Weeks1%
1 Month1.1%
3 Month-2.51%
6 Month4.66%
12 Month-8.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%0.84%
ATR Inc-13.08%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.09
Mansfield-0.71
10 Day High10.23
10 Day Low9.99
20 Day High10.23
20 Day Low9.83
52 Week High11.59
52 Week Low9.4
CS1 End10.1
CR1 Start10.13
Volume & EV
DER(3)1.49%
DER(5)1.33%
Volume20.90K
Volume Incr10.05%
Vol(5)19.66K
Vol(50)21.08K