NUVEEN GROWTH OPPORTUNITIES (NUGO) Stock Technical Analysis
NYSEARCA:NUGO • US67092P7978
Overall NUGO gets a technical rating of 2 out of 10. NUGO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month NUGO has a been trading in the 37.22 - 39.61 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: NUGO has an average volume of 27336 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- NUGO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NUGO is lagging the market slightly.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, NUGO outperforms 47% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, NUGO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 37.64, a Stop Loss order could be placed below this zone.
More info and screens
27.23
We found 3 important support areas.
- A support zone ranging from 37.27 to 37.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.67 from a horizontal line in the daily time frame.
- Support @27.51 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 38.00 to 40.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.19 to 41.78. 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 | NEUTRAL | NEUTRAL | The long term trend for NUGO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NUGO is neutral. |
| ChartMill Relative Strength | 47.85 | NEUTRAL | NUGO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NUGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NUGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NUGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.46 | NEUTRAL | The RSI value for NUGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NUGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.32 | NEUTRAL | The Stochastics value for NUGO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for NUGO suggests low volalility. |
| Average Directional Index/ADX (14) | 25.65 | POSITIVE | The high ADX value value for NUGO suggests a strong trend. |
37.84
-0.22 (-0.58%)
NUVEEN GROWTH OPPORTUNITIES / NUGO FAQ
What is the ChartMill technical rating of NUVEEN GROWTH OPPORTUNITIES (NUGO) stock?
ChartMill assigns a technical rating of 2 / 10 to NUGO.
What is the trend direction for NUGO stock?
The current trend direction for NUVEEN GROWTH OPPORTUNITIES (NUGO) is Bearish.
What is the RSI signal for NUVEEN GROWTH OPPORTUNITIES (NUGO) stock?
NUVEEN GROWTH OPPORTUNITIES (NUGO) has an RSI value of 43.4564. This indicates that the stock is currently neutral.
What is the MACD signal for NUGO stock?
The MACD indicator for NUVEEN GROWTH OPPORTUNITIES (NUGO) has a value of 0.0518892, indicating a bearish trend.
What is the short term momentum for NUVEEN GROWTH OPPORTUNITIES (NUGO) stock?
The short term momentum for NUVEEN GROWTH OPPORTUNITIES (NUGO) is neutral.