NUVEEN MUNICIPAL CREDIT INC (NZF) Stock Technical Analysis
USA - NYSE:NZF - US67070X1019
Overall NZF gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NZF is only an average performer.
Besides having an excellent technical rating, NZF also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.53, a Stop Loss order could be placed below this zone.
More info and screens
11.22
When analyzing the support we can see 3 important areas.
- A support zone ranging from 12.24 to 12.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.97 from a trend line in the daily time frame.
- A support zone ranging from 11.33 to 11.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Strong resistance @12.65 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.88 to 13.11. 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 | 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 | 53.33 | 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) | 57.82 | NEUTRAL | The RSI value for NZF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NZF has a positive trend. |
| Stochastics (14,3) | 85.04 | OVERBOUGHT | The high Stochastics value suggests NZF may be overbought. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for NZF suggests low volalility. |
| Average Directional Index/ADX (14) | 14.98 | 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 |
|---|---|---|---|
| 12.66 | 12.28 | 0.38 (3.00%) | 25.00% |
| An entry @12.66. This is a Buy Stop order right above the resistance zone. | An exit @12.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.38 points, which is 3.00%. | For a 0.75% 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.
12.6
-0.01 (-0.08%)
NUVEEN MUNICIPAL CREDIT INC / NZF FAQ
What is the technical rating for NZF stock?
ChartMill assigns a technical rating of 7 / 10 to NZF.
Can you provide the trend direction for NUVEEN MUNICIPAL CREDIT INC?
The current trend direction for NUVEEN MUNICIPAL CREDIT INC (NZF) is Bullish.
Can you provide the RSI signal for NUVEEN MUNICIPAL CREDIT INC?
NUVEEN MUNICIPAL CREDIT INC (NZF) has an RSI value of 57.817. 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.
Can you provide the buy/sell signal for NUVEEN MUNICIPAL CREDIT INC?
The buy/sell signal for NUVEEN MUNICIPAL CREDIT INC (NZF) is buy as both the short term and long term trends are positive.