NUVEEN MUNI HI INC OPPORT (NMZ)

US6706821039

10.56  -0.04 (-0.38%)

Technical Rating and Analysis

8

Taking everything into account, NMZ scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NMZ is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
NMZ is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NMZ is lagging the market slightly.
When compared to the yearly performance of all other stocks, NMZ outperforms 44% of them, which is more or less in line with the market.
In the last month NMZ has a been trading in a tight range between 10.35 and 10.68.
Weekly and Daily overview Charts
NMZ Weekly chart
NMZ Daily chart
Setup Rating and Analysis

9

Besides having an excellent technical rating, NMZ also presents a decent setup pattern. 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 10.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NMZ 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.
Support and Resistance Analysis

9.46

10.92

3 important support areas can be observed.

  • A support zone ranging from 10.54 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.24 to 10.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.56 to 9.59. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 10.59 to 10.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.39
Mansfield-0.98
10 Day High10.61
10 Day Low10.35
20 Day High10.68
20 Day Low10.35
52 Week High11.14
52 Week Low8.26
Performance
1 Week0.28%
2 Weeks1.83%
1 Month1.44%
3 Month6.88%
6 Month13.79%
12 Month-2.22%
2 Year-18.83%
3 Year-26.82%
5 Year-22.01%
10 Year-16.98%
15 Year3.53%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)59.15
LBB10.41
UBB10.63
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.

ENTRYEXITDISTANCECAPITAL
10.6210.530.09 (0.85%)25.00%
An entry @10.62. This is a Buy Stop order right above the 10 day high.An exit @10.53. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.09 points, which is 0.85%.For a 0.21% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of NMZ. Please evaluate whether better entry and exit points can be found.
  • 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.
NMZ Daily chart

NUVEEN MUNI HI INC OPPORT

NYSE:NMZ (3/28/2024, 8:04:01 PM)

10.56

-0.04 (-0.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.38%
1 Week0.28%
2 Weeks1.83%
1 Month1.44%
3 Month6.88%
6 Month13.79%
12 Month-2.22%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.09
ATR(20)%0.91%
ATR Inc
Range Today0.06
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High10.61
10 Day Low10.35
20 Day High10.68
20 Day Low10.35
52 Week High11.14
52 Week Low8.26
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume381.50K
Volume Incr-5.41%
Vol(5)261.04K
Vol(50)314.44K