Nuveen Michigan Quality (NUM) Stock Technical Analysis
NYSE:NUM - New York Stock Exchange, Inc. -
Overall NUM gets a technical rating of 6 out of 10. 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.
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. Another positive sign is the recent Pocket Pivot signal.
- 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
13.78
When analyzing the support we can see 2 important areas.
- 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.
We found 1 important resistance 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.
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. |
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 worst case loss on the trade is limited to 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.
NYSE:NUM (2/5/2021, 8:27:39 PM)
15.1
+0.12 (+0.8%)