Nuveen Senior Income Fund (NSL) Stock Technical Analysis
NYSE:NSL - New York Stock Exchange, Inc. - US67067Y1047 - Currency: USD
Taking everything into account, NSL scores 2 out of 10 in our technical rating. In the past year, NSL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
NSL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 4.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NSL 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
4.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.53 to 4.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.42 to 4.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @4.62 from a trend line in the daily time frame.
- A resistance zone ranging from 4.70 to 4.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.98 to 5.00. 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 | DOWN | NEGATIVE | The long term trend for NSL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NSL is neutral. |
| ChartMill Relative Strength | 35.65 | NEUTRAL | NSL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NSL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NSL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.41 | NEUTRAL | The RSI value for NSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NSL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.78 | NEUTRAL | The Stochastics value for NSL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for NSL suggests low volalility. |
| Average Directional Index/ADX (14) | 12.1 | NEGATIVE | The low ADX value for NSL suggests a weak or negative trend. |
NYSE:NSL (7/28/2023, 8:11:05 PM)
4.6
+0.03 (+0.66%)