Nuveen Maryland Premium Fund (NMY) Technical Analysis
NYSE:NMY
Current stock price
NMY Technical Rating and Analysis
Overall NMY gets a technical rating of 6 out of 10. Although NMY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, NMY is a bad performer in the overall market: 77% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- NMY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NMY has a been trading in the 13.20 - 14.47 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
NMY Weekly and Daily overview Charts
NMY Setup Rating and Analysis
Although the technical rating is only medium, NMY 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 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
NMY Support and Resistance Analysis
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.
We found 1 important resistance 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.
NMY 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.
| 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. |
NMY Chart- and CandleStick Pattern Analysis
NMY Example Setup
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 trade has a worst case loss of 0.58 points, which is 4.01%. | When investing 24.97% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NMY Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:NMY (4/9/2021, 8:23:48 PM)
14.3
-0.03 (-0.21%)
Nuveen Maryland Premium Fund / NMY TA FAQ
What is the technical rating for NMY stock?
ChartMill assigns a technical rating of 6 / 10 to NMY.
What is the trend direction for NMY stock?
The current trend direction for Nuveen Maryland Premium Fund (NMY) is Bullish.
What is the RSI signal for NMY stock?
Nuveen Maryland Premium Fund (NMY) has an RSI value of 61.7217. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Nuveen Maryland Premium Fund?
The short term momentum for Nuveen Maryland Premium Fund (NMY) is positive.
What is the buy/sell signal for NMY stock?
The buy/sell signal for Nuveen Maryland Premium Fund (NMY) is buy as both the short term and long term trends are positive.