NUVEEN MUNI HI INC OPPORT (NMZ) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NMZ • US6706821039
We assign a technical rating of 2 out of 10 to NMZ. 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.
- When comparing the yearly performance of all stocks, NMZ is a bad performer in the overall market: 73% of all stocks are doing better.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- NMZ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NMZ is lagging the market.
- In the last month NMZ has a been trading in a tight range between 10.16 and 10.55.
Although the technical rating is bad, NMZ 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 10.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.41, 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.
More info and screens
9.64
We found 2 important support areas.
- A support zone ranging from 10.10 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.74 to 9.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.42 to 10.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.65 to 10.75. 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 | NEUTRAL | NEUTRAL | The long term trend for NMZ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NMZ is neutral. |
| ChartMill Relative Strength | 27.19 | NEGATIVE | NMZ has a low relative strength, it was outperformed by 72.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NMZ is above the rising 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) | UP | POSITIVE | The current price of NMZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.72 | NEUTRAL | The RSI value for NMZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NMZ has a positive trend. |
| Stochastics (14,3) | 50.26 | NEUTRAL | The Stochastics value for NMZ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for NMZ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.7 | NEGATIVE | The low ADX value for NMZ suggests a weak or negative trend. |
10.42
+0.05 (+0.48%)
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 2 / 10 to NMZ.
What is the trend direction for 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 53.7239. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NUVEEN MUNI HI INC OPPORT?
The short term momentum for NUVEEN MUNI HI INC OPPORT (NMZ) is neutral.