NUVEEN NJ QLTY MUNI INC (NXJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NXJ - US67069Y1029
Overall NXJ gets a technical rating of 0 out of 10. NXJ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 66% of all other stocks performed better in the past year than NXJ.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- NXJ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NXJ is lagging the market.
- In the last month NXJ has a been trading in a tight range between 12.17 and 12.71.
NXJ has a poor technical rating and the quality of the setup is also not perfect 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.
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10.94
When analyzing the support we notice one important area.
- A support zone ranging from 11.05 to 11.19. 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 12.35 to 13.04. This zone is formed by a combination of multiple trend lines and important moving averages 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 NXJ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXJ is down. |
| ChartMill Relative Strength | 34.3 | NEUTRAL | NXJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NXJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.74 | NEUTRAL | The RSI value for NXJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NXJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.05 | OVERSOLD | The low Stochastics value suggests NXJ may be oversold. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for NXJ suggests low volalility. |
| Average Directional Index/ADX (14) | 33.6 | POSITIVE | The high ADX value value for NXJ suggests a strong trend. |
12.32
+0.06 (+0.49%)
NUVEEN NJ QLTY MUNI INC / NXJ FAQ
What is the technical rating for NXJ stock?
ChartMill assigns a technical rating of 0 / 10 to NXJ.
What is the current trend direction of NUVEEN NJ QLTY MUNI INC (NXJ) stock?
The current trend direction for NUVEEN NJ QLTY MUNI INC (NXJ) is Bearish.
What is the RSI signal for NUVEEN NJ QLTY MUNI INC (NXJ) stock?
NUVEEN NJ QLTY MUNI INC (NXJ) has an RSI value of 36.7438. This indicates that the stock is currently neutral.
What is the short term momentum for NUVEEN NJ QLTY MUNI INC (NXJ) stock?
The short term momentum for NUVEEN NJ QLTY MUNI INC (NXJ) is negative.