Nuveen Maryland Premium Fund (NMY) Stock Technical Analysis
USA - NYSE:NMY -
Taking everything into account, NMY scores 6 out of 10 in our technical rating. Although NMY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, NMY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NMY 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.
More info and screens
13.44
We found 1 important support area.
- A support zone ranging from 13.58 to 14.20. 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 one important area.
- A resistance zone ranging from 14.33 to 14.47. 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 NMY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NMY is up. |
| ChartMill Relative Strength | 23.76 | NEGATIVE | NMY has a low relative strength, it was outperformed by 76.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NMY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NMY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.72 | NEUTRAL | The RSI value for NMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NMY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.6 | OVERBOUGHT | The high Stochastics value suggests NMY may be overbought. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for NMY suggests low volalility. |
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 |
|---|---|---|---|
| 14.48 | 13.90 | 0.58 (4.01%) | 24.97% |
| An entry @14.48. This is a Buy Stop order right above the resistance zone. | An exit @13.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.58 points, which is 4.01%. | For a 1.00% total portfolio risk, you can invest 24.97% of your capital in this trade. |
- 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.
NYSE:NMY (4/9/2021, 8:23:48 PM)
14.3
-0.03 (-0.21%)
Nuveen Maryland Premium Fund / NMY FAQ
What is the technical rating for NMY stock?
ChartMill assigns a technical rating of 6 / 10 to NMY.
Can you provide the trend direction for Nuveen Maryland Premium Fund?
The current trend direction for Nuveen Maryland Premium Fund (NMY) is Bullish.
Can you provide the RSI signal for Nuveen Maryland Premium Fund?
Nuveen Maryland Premium Fund (NMY) has an RSI value of 61.7217. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Nuveen Maryland Premium Fund?
The MACD indicator for Nuveen Maryland Premium Fund (NMY) has a value of 0.042726, indicating a bearish trend.
What is the short term momentum for Nuveen Maryland Premium Fund (NMY) stock?
The short term momentum for Nuveen Maryland Premium Fund (NMY) is positive.