Nuveen Select Tax Free Income (NXQ) Stock Technical Analysis
NYSE:NXQ - New York Stock Exchange, Inc. -
Taking everything into account, NXQ scores 0 out of 10 in our technical rating. NXQ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NXQ is a bad performer in the overall market: 72% of all stocks are doing better.
NXQ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
Warning: NXQ has an average volume of 25835 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month NXQ has a been trading in a tight range between 14.95 and 15.83.
Volume is considerably higher in the last couple of days.
The technical rating of NXQ is bad and it also does not present a quality setup 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.
More info and screens
14.88
17.11
When analyzing the support we notice one important area.
- A support zone ranging from 15.03 to 15.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.12 to 15.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 16.69 to 16.94. 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 | DOWN | NEGATIVE | The long term trend for NXQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXQ is down. |
| ChartMill Relative Strength | 28.8 | NEGATIVE | NXQ has a low relative strength, it was outperformed by 71.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NXQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.96 | OVERSOLD | The low RSI value suggests NXQ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NXQ has a negative trend. |
| Stochastics (14,3) | 14.71 | OVERSOLD | The low Stochastics value suggests NXQ may be oversold. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for NXQ suggests low volalility. |
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:NXQ (12/3/2021, 8:18:56 PM)
15.04
-0.03 (-0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.2%
1 Week-1.89%
2 Weeks-1.64%
1 Month-3.59%
3 Month-4.33%
6 Month-7.73%
12 Month-2.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1%
ATR Inc17.72%
Range Today0.12
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
CRS28.8
Mansfield-1.33
10 Day High15.47
10 Day Low14.95
20 Day High15.83
20 Day Low14.95
52 Week High17.18
52 Week Low14.95
CS1 End15.03
CR1 Start15.12
Volume & EV
DER(3)4.67%
DER(5)3.06%
Volume38.40K
Volume Incr44.32%
Vol(5)40.36K
Vol(50)25.84K