NUVEEN MUNICIPAL INCOME (NMI) Stock Technical Analysis
NYSE:NMI - New York Stock Exchange, Inc. - US67062J1025 - Currency: USD
We assign a technical rating of 3 out of 10 to NMI. NMI has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
NMI 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 9.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.09
2 important support areas can be observed.
- A support zone ranging from 9.36 to 9.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.18 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.80 to 9.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.23 to 10.27. 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 | NEUTRAL | NEUTRAL | The long term trend for NMI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMI is neutral. |
| ChartMill Relative Strength | 53.7 | NEUTRAL | NMI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NMI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.18 | NEUTRAL | The RSI value for NMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.28 | NEUTRAL | The Stochastics value for NMI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for NMI suggests low volalility. |
| Average Directional Index/ADX (14) | 20.95 | NEUTRAL | The ADX value for NMI suggests a possible start of a new trend. |
NYSE:NMI (6/4/2025, 8:04:00 PM)
9.78
+0.02 (+0.2%)