NUVEEN NORTH CAROLINA QLTY MUN (NNC) Technical Analysis
NYSE:NNC
Current stock price
NNC Technical Rating and Analysis
Taking everything into account, NNC scores 6 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, NNC is only an average performer.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- NNC is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NNC is leading the market.
- When comparing the performance of all stocks over the past year, NNC turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- In the last month NNC has a been trading in a tight range between 13.49 and 13.79.
NNC Weekly and Daily overview Charts
NNC Setup Rating and Analysis
Although the technical rating is only medium, NNC does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.65, a Stop Loss order could be placed below this zone.
More info and screens
NNC Support and Resistance Analysis
11.52
2 important support areas can be observed.
- A support zone ranging from 13.54 to 13.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.64 to 11.64. 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 13.67 to 13.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
NNC 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 NNC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NNC is neutral. |
| ChartMill Relative Strength | 60.7 | NEUTRAL | NNC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NNC is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NNC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.48 | NEUTRAL | The RSI value for NNC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NNC has a negative trend. |
| Stochastics (14,3) | 62.96 | NEUTRAL | The Stochastics value for NNC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for NNC suggests low volalility. |
NNC Chart- and CandleStick Pattern Analysis
NNC 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 |
|---|---|---|---|
| 13.72 | 13.64 | 0.08 (0.61%) | 25.00% |
| An entry @13.72. This is a Buy Stop order right above the 10 day moving average. | An exit @13.64. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.61%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.15%. |
- The distance between exit and entry is rather small compared to the average daily movement of NNC. 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.
NNC Technicals: Chart, Performance Metrics, Trend & Indicators
NUVEEN NORTH CAROLINA QLTY MUN
NYSE:NNC (11/15/2019, 8:20:05 PM)
13.66
-0.04 (-0.29%)
NUVEEN NORTH CAROLINA QLTY MUN / NNC TA FAQ
What is the technical rating for NNC stock?
ChartMill assigns a technical rating of 6 / 10 to NNC.
What is the current trend direction of NUVEEN NORTH CAROLINA QLTY MUN (NNC) stock?
The current trend direction for NUVEEN NORTH CAROLINA QLTY MUN (NNC) is Bullish.
What is the RSI signal for NUVEEN NORTH CAROLINA QLTY MUN (NNC) stock?
NUVEEN NORTH CAROLINA QLTY MUN (NNC) has an RSI value of 49.4781. This indicates that the stock is currently neutral.
What is the MACD signal for NNC stock?
The MACD indicator for NUVEEN NORTH CAROLINA QLTY MUN (NNC) has a value of -0.0040341, indicating a bearish trend.
Can you provide the support and resistance levels for NUVEEN NORTH CAROLINA QLTY MUN?
NUVEEN NORTH CAROLINA QLTY MUN (NNC) has a support level at 13.65 and a resistance level at 13.67. Check the full technical report for our detailed analysis of NNC support and resistance levels.