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.
NKG has a bad 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 10.10, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
We found 2 important support 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.
When analyzing the resistance we notice 3 important 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. |
NYSE:NKG (4/14/2023, 8:04:01 PM)
10.1
-0.1 (-0.98%)