Nuveen Michigan Quality (NUM) Technical Analysis
NYSE:NUM
Current stock price
NUM Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to NUM. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NUM is a bad performer.
- 63% of all other stocks performed better in the past year than NUM.
- The long and short term trends are both positive. This is looking good!
- NUM 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 NUM is leading the market.
- In the last month NUM has a been trading in a tight range between 14.50 and 15.18.
NUM Weekly and Daily overview Charts
NUM Setup Rating and Analysis
Although the technical rating is only medium, NUM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.07, 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
NUM Support and Resistance Analysis
13.78
2 important support areas can be observed.
- A support zone ranging from 14.52 to 15.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.92 to 14.09. 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 15.11 to 15.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
NUM 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 | UP | POSITIVE | The long term trend for NUM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NUM is up. |
| ChartMill Relative Strength | 37.82 | NEUTRAL | NUM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.09 | NEUTRAL | The RSI value for NUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NUM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.78 | NEUTRAL | The Stochastics value for NUM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.68 | LOW VOLATILITY | The low ATR as a percentage value for NUM suggests low volalility. |
NUM Chart- and CandleStick Pattern Analysis
NUM Example Setup
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 |
|---|---|---|---|
| 15.13 | 14.95 | 0.18 (1.19%) | 25.00% |
| An entry @15.13. This is a Buy Stop order right above the resistance zone. | An exit @14.95. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.18 points, which is 1.19%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.30%. |
- 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.
NUM Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:NUM (2/5/2021, 8:27:39 PM)
15.1
+0.12 (+0.8%)
Nuveen Michigan Quality / NUM TA FAQ
What is the ChartMill technical rating of Nuveen Michigan Quality (NUM) stock?
ChartMill assigns a technical rating of 6 / 10 to NUM.
What is the trend direction for NUM stock?
The current trend direction for Nuveen Michigan Quality (NUM) is Bullish.
What is the RSI signal for Nuveen Michigan Quality (NUM) stock?
Nuveen Michigan Quality (NUM) has an RSI value of 68.0908. This indicates that the stock is currently neutral.
What is the MACD signal for NUM stock?
The MACD indicator for Nuveen Michigan Quality (NUM) has a value of 0.000572398, indicating a bearish trend.
What are the support and resistance levels for Nuveen Michigan Quality (NUM) stock?
Nuveen Michigan Quality (NUM) has a support level at 15.07 and a resistance level at 15.11. Check the full technical report for our detailed analysis of NUM support and resistance levels.