NUVEEN MULTI-ASSET INCOME (NMAI) Stock Technical Analysis
USA - NYSE:NMAI - US6707501085
Taking everything into account, NMAI scores 7 out of 10 in our technical rating. Although NMAI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
NMAI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.92, a Stop Loss order could be placed below this zone.
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12.22
When analyzing the support we notice one important area.
- A support zone ranging from 12.34 to 12.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 12.94 to 13.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.48 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for NMAI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMAI is up. |
| ChartMill Relative Strength | 44.63 | NEUTRAL | NMAI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NMAI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NMAI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NMAI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.99 | NEUTRAL | The RSI value for NMAI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NMAI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.17 | NEUTRAL | The Stochastics value for NMAI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for NMAI suggests low volalility. |
| Average Directional Index/ADX (14) | 12.2 | NEGATIVE | The low ADX value for NMAI suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.21 | 12.69 | 0.52 (3.94%) | 25.00% |
| An entry @13.21. This is a Buy Stop order right above the resistance zone. | An exit @12.69. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.52 points, which is 3.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.93
0 (0%)
NUVEEN MULTI-ASSET INCOME / NMAI FAQ
What is the ChartMill technical rating of NUVEEN MULTI-ASSET INCOME (NMAI) stock?
ChartMill assigns a technical rating of 7 / 10 to NMAI.
What is the current trend direction of NUVEEN MULTI-ASSET INCOME (NMAI) stock?
The current trend direction for NUVEEN MULTI-ASSET INCOME (NMAI) is Bullish.
What is the RSI signal for NUVEEN MULTI-ASSET INCOME (NMAI) stock?
NUVEEN MULTI-ASSET INCOME (NMAI) has an RSI value of 49.9895. This indicates that the stock is currently neutral.
What is the MACD signal for NUVEEN MULTI-ASSET INCOME (NMAI) stock?
The MACD indicator for NUVEEN MULTI-ASSET INCOME (NMAI) has a value of -0.0195295, indicating a bearish trend.
What is the buy/sell signal for NMAI stock?
The buy/sell signal for NUVEEN MULTI-ASSET INCOME (NMAI) is buy as both the short term and long term trends are positive.