NUVEEN OHIO QLTY MUNI INC (NUO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NUO - US6709801012
We assign a technical rating of 4 out of 10 to NUO. NUO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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. 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
12.17
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. |
NYSE:NUO (4/14/2023, 8:04:15 PM)
12.66
-0.02 (-0.16%)
NUVEEN OHIO QLTY MUNI INC / NUO FAQ
Can you provide the ChartMill technical rating for NUVEEN OHIO QLTY MUNI INC?
ChartMill assigns a technical rating of 4 / 10 to NUO.
What is the trend direction for NUO stock?
The current trend direction for NUVEEN OHIO QLTY MUNI INC (NUO) is Bearish.
What is the RSI signal for NUO stock?
NUVEEN OHIO QLTY MUNI INC (NUO) has an RSI value of 56.1137. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NUVEEN OHIO QLTY MUNI INC?
The MACD indicator for NUVEEN OHIO QLTY MUNI INC (NUO) has a value of 0.0242888, indicating a bearish trend.