NUVEEN MUNI HIGH INC OPPORT (NMZ)       11.23  +0.22 (+2%)

11.23  +0.22 (+2%)

US6706821039

Technical Rating

4

We assign a technical rating of 4 out of 10 to NMZ. Recently some decent action could be observed, but in the medium term time frame this is still negative. NMZ was also a bad performer in the overall market in the last year.



In the last month NMZ has a been trading in the 9.90 - 11.26 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
67% of all other stocks performed better in the past year than NMZ.
NMZ is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 13.32% -3.27% -10.41% -24.73% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 33.59 9.6999 - 15.19
NMZ Weekly chart
NMZ Daily chart

Support/Resistance Analysis


9.67

12.84
When analyzing the support we notice one important area.
  • A support zone ranging from 9.77 to 9.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 11.24 to 11.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @11.87 from a trend line in the daily time frame.
  • A resistance zone ranging from 12.41 to 12.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

NMZ has an average technical rating and it also does not offer a high 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.


NMZ Daily chart

NUVEEN MUNI HIGH INC OPPORT11.23

NYSE:NMZ (12/2/2022, 7:04:01 PM)+0.22 (+2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today 2% 1 Week 2.28%
2 Weeks 4.95% 1 Month 13.32%
3 Month -3.27% 6 Month -10.41%
Volatility
ATR(14) 0.22 ATR(20)% 1.89%
ATR Inc 29.11% Range Today 0.34
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 33.59 Mansfield -0.71
10 Day High 11.26 10 Day Low 10.46
20 Day High 11.26 20 Day Low 9.9
52 Week High 15.19 52 Week Low 9.7
CS1 End 9.85 CR1 Start 11.24
Volume & EV
DER(3) 1.29% DER(5) 1.92%
Volume 502.70K Volume Incr -2.21%
Vol(5) 446.00K Vol(50) 546.25K

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