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NUVEEN MUNICIPAL CREDIT OPP (NMCO) Stock Technical Analysis

NYSE:NMCO - New York Stock Exchange, Inc. - US6706631032 - Currency: USD

10.57  +0.03 (+0.28%)

Technical Rating and Analysis

2

Overall NMCO gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NMCO was also a bad performer in the overall market in the last year.

65% of all other stocks performed better in the past year than NMCO.
In the last month NMCO has a been trading in the 10.10 - 11.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NMCO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NMCO is lagging the market slightly.
Weekly and Daily overview Charts
NUVEEN MUNICIPAL CREDIT OPP / NMCO Weekly stock chart
NUVEEN MUNICIPAL CREDIT OPP / NMCO Daily stock chart
Setup Rating and Analysis

8

NMCO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.49, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

9.63

11.43

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 10.31 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.73 to 9.99. 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 10.74 to 10.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 11.28 to 11.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for NMCO is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for NMCO is up.
ChartMill Relative Strength35.96NEUTRALNMCO is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of NMCO is above the rising SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of NMCO is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of NMCO is below a declining SMA(200).
Relative Strength Index/RSI (14)61.35NEUTRALThe RSI value for NMCO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.03POSITIVEThe MACD value suggests NMCO has a positive trend.
Stochastics (14,3)85.62OVERBOUGHTThe high Stochastics value suggests NMCO may be overbought.
Average True Range in percent/ATR (20)1.63LOW VOLATILITYThe low ATR as a percentage value for NMCO suggests low volalility.
Average Directional Index/ADX (14)38.7POSITIVEThe high ADX value value for NMCO suggests a strong trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NUVEEN MUNICIPAL CREDIT OPP / NMCO Daily stock chart

NUVEEN MUNICIPAL CREDIT OPP

NYSE:NMCO (6/2/2025, 8:25:35 PM)

10.57

+0.03 (+0.28%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.28%
1 Week2.52%
2 Weeks0.86%
1 Month3.22%
3 Month-4.69%
6 Month-5.88%
12 Month-2.31%
2 Year-2.31%
3 Year-13.64%
5 Year-11.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.63%
ATR Inc-36.94%
Range Today0.1
ADR(20)0.17
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.96
Mansfield-0.74
10 Day High10.61
10 Day Low10.1
20 Day High11.2
20 Day Low10.1
52 Week High12.2
52 Week Low9.69
CS1 End10.49
CR1 Start10.74
Volume & EV
DER(3)1.93%
DER(5)0.51%
Volume187.40K
Volume Incr-19.84%
Vol(5)129.40K
Vol(50)193.69K