NUVEEN OHIO QLTY MUNI INC (NUO) Stock Technical Analysis
NYSE:NUO - New York Stock Exchange, Inc. - US6709801012 - Currency: USD
Overall NUO gets a technical rating of 4 out of 10. In the past year, NUO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Warning: NUO has an average volume of 25902 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, NUO outperforms 57% of them, which is more or less in line with the market.
NUO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NUO is lagging the market slightly.
In the last month NUO has a been trading in a tight range between 12.33 and 12.78.
NUO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 12.65, 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
12.17
13.59
We found 1 important support area.
- A support zone ranging from 12.29 to 12.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.94 to 13.46. 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 NUO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NUO is up. |
| ChartMill Relative Strength | 57.19 | NEUTRAL | NUO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NUO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NUO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NUO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.11 | NEUTRAL | The RSI value for NUO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NUO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.83 | NEUTRAL | The Stochastics value for NUO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for NUO suggests low volalility. |
| Average Directional Index/ADX (14) | 21.09 | NEUTRAL | The ADX value for NUO suggests a possible start of a new 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)
NYSE:NUO (4/14/2023, 8:04:15 PM)
12.66
-0.02 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.16%
1 Week0.48%
2 Weeks0.96%
1 Month1.12%
3 Month-2.47%
6 Month6.12%
12 Month-3.58%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%0.84%
ATR Inc-51.78%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.19
Mansfield-0.39
10 Day High12.78
10 Day Low12.51
20 Day High12.78
20 Day Low12.33
52 Week High13.71
52 Week Low11.56
CS1 End12.65
CR1 Start12.94
Volume & EV
DER(3)1.23%
DER(5)1.81%
Volume12.80K
Volume Incr-6.24%
Vol(5)22.18K
Vol(50)25.90K