NUVEEN MUNICIPAL CREDIT INC (NZF) Stock Technical Analysis
NYSE:NZF • US67070X1019
Taking everything into account, NZF scores 7 out of 10 in our technical rating. Although NZF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- NZF is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NZF is leading the market.
- When comparing the performance of all stocks over the past year, NZF turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
- In the last month NZF has a been trading in a tight range between 12.44 and 13.02.
Besides having an excellent technical rating, NZF also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.87, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NZF in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
11.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.12 to 12.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.70 from a horizontal line in the weekly time frame.
- A support zone ranging from 11.33 to 11.49. 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 12.88 to 13.01. 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 | UP | POSITIVE | The long term trend for NZF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NZF is up. |
| ChartMill Relative Strength | 46.17 | NEUTRAL | NZF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NZF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NZF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NZF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.05 | NEUTRAL | The RSI value for NZF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NZF has a negative trend. |
| Stochastics (14,3) | 70.11 | NEUTRAL | The Stochastics value for NZF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.94 | LOW VOLATILITY | The low ATR as a percentage value for NZF suggests low volalility. |
| Average Directional Index/ADX (14) | 18.92 | NEGATIVE | The low ADX value for NZF suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 13.02 | 12.72 | 0.30 (2.30%) | 25.00% |
| An entry @13.02. This is a Buy Stop order right above the resistance zone. | An exit @12.72. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.30 points, which is 2.30%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
12.88
-0.09 (-0.69%)
NUVEEN MUNICIPAL CREDIT INC / NZF FAQ
What is the technical rating for NZF stock?
ChartMill assigns a technical rating of 7 / 10 to NZF.
What is the trend direction for NZF stock?
The current trend direction for NUVEEN MUNICIPAL CREDIT INC (NZF) is Bullish.
What is the RSI signal for NUVEEN MUNICIPAL CREDIT INC (NZF) stock?
NUVEEN MUNICIPAL CREDIT INC (NZF) has an RSI value of 55.0546. This indicates that the stock is currently neutral.
What is the short term momentum for NUVEEN MUNICIPAL CREDIT INC (NZF) stock?
The short term momentum for NUVEEN MUNICIPAL CREDIT INC (NZF) is positive.
What is the buy/sell signal for NZF stock?
The buy/sell signal for NUVEEN MUNICIPAL CREDIT INC (NZF) is buy as both the short term and long term trends are positive.