NUVEEN MUNICIPAL CREDIT INC (NZF) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NZF • US67070X1019
Taking everything into account, NZF scores 0 out of 10 in our technical rating. NZF'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.
- When comparing the yearly performance of all stocks, NZF is a bad performer in the overall market: 68% of all stocks are doing better.
- NZF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NZF is lagging the market slightly.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- In the last month NZF has a been trading in a tight range between 12.15 and 12.79.
NZF 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.
More info and screens
11.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.21 to 12.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.70 to 11.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.47 to 12.88. 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 NZF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NZF is down. |
| ChartMill Relative Strength | 32.78 | NEUTRAL | NZF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NZF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NZF is below a declining 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) | 45.86 | NEUTRAL | The RSI value for NZF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NZF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.5 | NEUTRAL | The Stochastics value for NZF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for NZF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for NZF suggests a weak or negative trend. |
12.43
+0.08 (+0.65%)
NUVEEN MUNICIPAL CREDIT INC / NZF FAQ
What is the technical rating for NZF stock?
ChartMill assigns a technical rating of 0 / 10 to NZF.
What is the trend direction for NZF stock?
The current trend direction for NUVEEN MUNICIPAL CREDIT INC (NZF) is Bearish.
What is the RSI signal for NUVEEN MUNICIPAL CREDIT INC (NZF) stock?
NUVEEN MUNICIPAL CREDIT INC (NZF) has an RSI value of 45.8569. 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 negative.