NUVEEN PA QLTY MUNI INC (NQP) Technical Analysis
NYSE:NQP • US6709721087
Current stock price
NQP Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to NQP. In the past year, NQP was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NQP 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 NQP is leading the market.
- When comparing the performance of all stocks over the past year, NQP turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- In the last month NQP has a been trading in a tight range between 11.54 and 12.15.
NQP Weekly and Daily overview Charts
NQP Setup Rating and Analysis
Although the technical rating is only medium, NQP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 12.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NQP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
NQP Support and Resistance Analysis
10.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 11.82 to 12.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.59 from a trend line in the daily time frame.
- Support @11.35 from a horizontal line in the daily time frame.
- Support @11.12 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.72 to 10.78. 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 12.15 to 12.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
NQP 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 | NEUTRAL | NEUTRAL | The long term trend for NQP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NQP is up. |
| ChartMill Relative Strength | 48.45 | NEUTRAL | NQP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NQP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NQP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NQP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.85 | NEUTRAL | The RSI value for NQP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NQP has a positive trend. |
| Stochastics (14,3) | 88.77 | OVERBOUGHT | The high Stochastics value suggests NQP may be overbought. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for NQP suggests low volalility. |
| Average Directional Index/ADX (14) | 26.49 | POSITIVE | The high ADX value value for NQP suggests a strong trend. |
NQP Chart- and CandleStick Pattern Analysis
NQP Technicals: Chart, Performance Metrics, Trend & Indicators
12.12
+0.06 (+0.5%)
NUVEEN PA QLTY MUNI INC / NQP TA FAQ
What is the ChartMill technical rating of NUVEEN PA QLTY MUNI INC (NQP) stock?
ChartMill assigns a technical rating of 5 / 10 to NQP.
What is the trend direction for NQP stock?
The current trend direction for NUVEEN PA QLTY MUNI INC (NQP) is Bearish.
Can you provide the RSI signal for NUVEEN PA QLTY MUNI INC?
NUVEEN PA QLTY MUNI INC (NQP) has an RSI value of 62.8458. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NUVEEN PA QLTY MUNI INC?
The short term momentum for NUVEEN PA QLTY MUNI INC (NQP) is positive.