NUVEEN CA AMT-FR MUNI INC (NKX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NKX - US6706511085
Taking everything into account, NKX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NKX is only an average performer.
- The long and short term trends are both positive. This is looking good!
- NKX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NKX is lagging the market slightly.
- When compared to the yearly performance of all other stocks, NKX outperforms 47% of them, which is more or less in line with the market.
- In the last month NKX has a been trading in the 12.40 - 13.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NKX has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
11.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.41 to 12.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.70 to 11.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 11.45 to 11.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.94 to 13.04. 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 | UP | POSITIVE | The long term trend for NKX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NKX is up. |
| ChartMill Relative Strength | 47.08 | NEUTRAL | NKX is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of NKX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NKX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.33 | NEUTRAL | The RSI value for NKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NKX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.75 | NEUTRAL | The Stochastics value for NKX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for NKX suggests low volalility. |
| Average Directional Index/ADX (14) | 35.07 | POSITIVE | The high ADX value value for NKX suggests a strong trend. |
12.92
-0.11 (-0.84%)
NUVEEN CA AMT-FR MUNI INC / NKX FAQ
What is the ChartMill technical rating of NUVEEN CA AMT-FR MUNI INC (NKX) stock?
ChartMill assigns a technical rating of 7 / 10 to NKX.
What is the trend direction for NKX stock?
The current trend direction for NUVEEN CA AMT-FR MUNI INC (NKX) is Bullish.
Can you provide the RSI signal for NUVEEN CA AMT-FR MUNI INC?
NUVEEN CA AMT-FR MUNI INC (NKX) has an RSI value of 64.3342. This indicates that the stock is currently neutral.
What is the short term momentum for NUVEEN CA AMT-FR MUNI INC (NKX) stock?
The short term momentum for NUVEEN CA AMT-FR MUNI INC (NKX) is positive.
What are the support and resistance levels for NUVEEN CA AMT-FR MUNI INC (NKX) stock?
NUVEEN CA AMT-FR MUNI INC (NKX) has a support level at 12.88 and a resistance level at 12.94. Check the full technical report for our detailed analysis of NKX support and resistance levels.