NUVEEN MUNI HI INC OPPORT (NMZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NMZ - US6706821039
Taking everything into account, NMZ scores 0 out of 10 in our technical rating. NMZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of NMZ is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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9.64
When analyzing the support we notice one important area.
- A support zone ranging from 9.74 to 9.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.24 to 10.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.96 from a horizontal line in the daily time frame.
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 NMZ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NMZ is down. |
| ChartMill Relative Strength | 29.9 | NEGATIVE | NMZ has a low relative strength, it was outperformed by 70.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NMZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NMZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NMZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.83 | OVERSOLD | The low RSI value suggests NMZ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NMZ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.33 | OVERSOLD | The low Stochastics value suggests NMZ may be oversold. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for NMZ suggests low volalility. |
| Average Directional Index/ADX (14) | 36.49 | POSITIVE | The high ADX value value for NMZ suggests a strong trend. |
10.17
+0.03 (+0.3%)
NUVEEN MUNI HI INC OPPORT / NMZ FAQ
What is the ChartMill technical rating of NUVEEN MUNI HI INC OPPORT (NMZ) stock?
ChartMill assigns a technical rating of 0 / 10 to NMZ.
What is the current trend direction of NUVEEN MUNI HI INC OPPORT (NMZ) stock?
The current trend direction for NUVEEN MUNI HI INC OPPORT (NMZ) is Bearish.
What is the RSI signal for NMZ stock?
NUVEEN MUNI HI INC OPPORT (NMZ) has an RSI value of 22.8256. This indicates that the stock is currently oversold.
What is the MACD signal for NUVEEN MUNI HI INC OPPORT (NMZ) stock?
The MACD indicator for NUVEEN MUNI HI INC OPPORT (NMZ) has a value of -0.0404207, indicating a bearish trend.
Can you provide the support and resistance levels for NUVEEN MUNI HI INC OPPORT?
NUVEEN MUNI HI INC OPPORT (NMZ) has a support level at 9.9 and a resistance level at 10.24. Check the full technical report for our detailed analysis of NMZ support and resistance levels.