NUVEEN MUNICIPAL CREDIT OPP (NMCO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NMCO - US6706631032
Overall NMCO gets a technical rating of 4 out of 10. NMCO has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, NMCO 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 10.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NMCO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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9.63
3 important support areas can be observed.
- A support zone ranging from 10.64 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 10.16 to 10.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 9.73 to 9.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.80 to 10.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.24 to 11.24. 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 NMCO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMCO is neutral. |
| ChartMill Relative Strength | 40.21 | NEUTRAL | NMCO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NMCO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NMCO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.05 | NEUTRAL | The RSI value for NMCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NMCO has a positive trend. |
| Stochastics (14,3) | 69.2 | NEUTRAL | The Stochastics value for NMCO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for NMCO suggests low volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for NMCO suggests a possible start of a new trend. |
10.78
+0.03 (+0.28%)
NUVEEN MUNICIPAL CREDIT OPP / NMCO FAQ
What is the ChartMill technical rating of NUVEEN MUNICIPAL CREDIT OPP (NMCO) stock?
ChartMill assigns a technical rating of 4 / 10 to NMCO.
What is the trend direction for NMCO stock?
The current trend direction for NUVEEN MUNICIPAL CREDIT OPP (NMCO) is Bullish.
What is the RSI signal for NMCO stock?
NUVEEN MUNICIPAL CREDIT OPP (NMCO) has an RSI value of 54.0502. This indicates that the stock is currently neutral.
What is the MACD signal for NMCO stock?
The MACD indicator for NUVEEN MUNICIPAL CREDIT OPP (NMCO) has a value of 0.0126645, indicating a bearish trend.