NUVEEN CA AMT-FR MUNI INC (NKX) Stock Technical Analysis
NYSE:NKX - New York Stock Exchange, Inc. - US6706511085 - Currency: USD
Taking everything into account, NKX scores 1 out of 10 in our technical rating. NKX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NKX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.65, a Stop Loss order could be placed below this zone.
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11.19
When analyzing the support we notice one important area.
- A support zone ranging from 11.30 to 11.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.75 to 11.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.23 from a trend line in the daily time frame.
- A resistance zone ranging from 12.81 to 13.08. 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 | DOWN | NEGATIVE | The long term trend for NKX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NKX is neutral. |
| ChartMill Relative Strength | 18.28 | NEGATIVE | NKX has a low relative strength, it was outperformed by 81.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NKX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NKX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NKX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.25 | NEUTRAL | The RSI value for NKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NKX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.89 | OVERBOUGHT | The high Stochastics value suggests NKX may be overbought. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for NKX suggests low volalility. |
| Average Directional Index/ADX (14) | 19.39 | NEGATIVE | The low ADX value for NKX suggests a weak or negative trend. |
NYSE:NKX (7/11/2025, 8:04:00 PM)
11.74
-0.03 (-0.25%)