NUVEEN QUALITY INCOME MUN FD (NQU) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NQU - US6709771074
Overall NQU gets a technical rating of 7 out of 10. Although NQU is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, NQU also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 14.83, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
13.10
We found 3 important support areas.
- A support zone ranging from 14.52 to 14.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.83 from a trend line in the weekly time frame.
- A support zone ranging from 13.23 to 13.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.90 to 14.95. 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 | UP | POSITIVE | The long term trend for NQU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NQU is up. |
| ChartMill Relative Strength | 60.64 | NEUTRAL | NQU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NQU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NQU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NQU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.01 | NEUTRAL | The RSI value for NQU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NQU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.01 | NEUTRAL | The Stochastics value for NQU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.69 | LOW VOLATILITY | The low ATR as a percentage value for NQU suggests low volalility. |
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 |
|---|---|---|---|
| 14.96 | 14.62 | 0.34 (2.27%) | 25.00% |
| An entry @14.96. This is a Buy Stop order right above the resistance zone. | An exit @14.62. 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 2.27%. | For a 0.57% 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.
NYSE:NQU (4/8/2016, 8:49:25 PM)
14.89
-0.04 (-0.27%)
NUVEEN QUALITY INCOME MUN FD / NQU FAQ
Can you provide the ChartMill technical rating for NUVEEN QUALITY INCOME MUN FD?
ChartMill assigns a technical rating of 7 / 10 to NQU.
What is the trend direction for NQU stock?
The current trend direction for NUVEEN QUALITY INCOME MUN FD (NQU) is Bullish.
What is the RSI signal for NUVEEN QUALITY INCOME MUN FD (NQU) stock?
NUVEEN QUALITY INCOME MUN FD (NQU) has an RSI value of 64.0108. This indicates that the stock is currently neutral.
What is the MACD signal for NQU stock?
The MACD indicator for NUVEEN QUALITY INCOME MUN FD (NQU) has a value of 0.0186256, indicating a bearish trend.
Can you provide the short term momentum for NUVEEN QUALITY INCOME MUN FD?
The short term momentum for NUVEEN QUALITY INCOME MUN FD (NQU) is positive.