NUVEEN GROWTH OPPORTUNITIES (NUGO) Stock Technical Analysis
NYSEARCA:NUGO - NYSE Arca - US67092P7978 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to NUGO. NUGO has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
NUGO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NUGO is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, NUGO outperforms 69% of them, which is more or less in line with the market.
In the last month NUGO has a been trading in the 32.95 - 34.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although NUGO has an excellent technical rating, the quality of the presented setup is not ideal 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
27.23
36.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 34.16 to 34.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.12 from a trend line in the weekly time frame.
- Support @27.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 35.74 to 36.27. 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 NUGO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NUGO is up. |
| ChartMill Relative Strength | 69.82 | NEUTRAL | NUGO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NUGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.03 | NEUTRAL | The RSI value for NUGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NUGO has a negative trend. |
| Stochastics (14,3) | 53.23 | NEUTRAL | The Stochastics value for NUGO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.9 | LOW VOLATILITY | The low ATR as a percentage value for NUGO suggests low volalility. |
| Average Directional Index/ADX (14) | 26.3 | POSITIVE | The high ADX value value for NUGO suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
34.18
-0.18 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.51%
1 Week-1.59%
2 Weeks-0.3%
1 Month3%
3 Month8.78%
6 Month-2.95%
12 Month6.28%
2 Year49.98%
3 Year88.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%0.9%
ATR Inc20.08%
Range Today0.46
ADR(20)0.19
ADR(20)%0.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.82
Mansfield0.04
10 Day High34.94
10 Day Low34.11
20 Day High34.94
20 Day Low32.95
52 Week High36.3
52 Week Low26.01
CS1 End34.17
CR1 Start35.74
Volume & EV
DER(3)-0.04%
DER(5)-0.02%
Volume93.20K
Volume Incr432.1%
Vol(5)399.82K
Vol(50)85.00K