NUVEEN QUALITY MUN FD INC (NQI) Technical Analysis
NYSE:NQI • US67062N1037
Current stock price
NQI Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to NQI. Although NQI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- NQI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- When compared to the yearly performance of all other stocks, NQI outperforms 60% of them, which is more or less in line with the market.
- In the last month NQI has a been trading in a tight range between 13.90 and 14.36.
- Volume is considerably higher in the last couple of days.
NQI Weekly and Daily overview Charts
NQI Setup Rating and Analysis
NQI has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
NQI Support and Resistance Analysis
12.45
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.96 to 14.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.34 to 13.46. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 12.58 to 12.65. 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 14.26 to 14.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
NQI 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 NQI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NQI is up. |
| ChartMill Relative Strength | 60.99 | NEUTRAL | NQI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NQI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NQI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NQI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.38 | NEUTRAL | The RSI value for NQI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NQI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.91 | OVERBOUGHT | The high Stochastics value suggests NQI may be overbought. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for NQI suggests low volalility. |
NQI Chart- and CandleStick Pattern Analysis
NQI 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 |
|---|---|---|---|
| 14.37 | 14.03 | 0.34 (2.37%) | 25.00% |
| An entry @14.37. This is a Buy Stop order right above the resistance zone. | An exit @14.03. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.34 points, which is 2.37%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NQI Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:NQI (4/8/2016, 8:49:24 PM)
14.26
-0.03 (-0.21%)
NUVEEN QUALITY MUN FD INC / NQI TA FAQ
What is the technical rating for NQI stock?
ChartMill assigns a technical rating of 7 / 10 to NQI.
What is the trend direction for NQI stock?
The current trend direction for NUVEEN QUALITY MUN FD INC (NQI) is Bullish.
What is the RSI signal for NQI stock?
NUVEEN QUALITY MUN FD INC (NQI) has an RSI value of 64.3756. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NUVEEN QUALITY MUN FD INC?
The buy/sell signal for NUVEEN QUALITY MUN FD INC (NQI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for NUVEEN QUALITY MUN FD INC (NQI) stock?
NUVEEN QUALITY MUN FD INC (NQI) has a support level at 14.24 and a resistance level at 14.26. Check the full technical report for our detailed analysis of NQI support and resistance levels.