NUVEEN MUNICIPAL CREDIT INC (NZF) Stock Technical Analysis
NYSE:NZF - New York Stock Exchange, Inc. - US67070X1019 - Currency: USD
Taking everything into account, NZF scores 2 out of 10 in our technical rating. In the past year, NZF was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NZF is a bad performer in the overall market: 75% of all stocks are doing better.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
NZF is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NZF is lagging the market.
In the last month NZF has a been trading in a tight range between 11.53 and 11.98.
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
13.24
We found 1 important support area.
- A support zone ranging from 11.33 to 11.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.96 to 12.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.42 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 | DOWN | NEGATIVE | The long term trend for NZF is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NZF is up. |
| ChartMill Relative Strength | 25.89 | NEGATIVE | NZF has a low relative strength, it was outperformed by 74.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NZF is above a declining 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) | DOWN | NEGATIVE | The current price of NZF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.12 | NEUTRAL | The RSI value for NZF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NZF has a positive trend. |
| Stochastics (14,3) | 94.35 | OVERBOUGHT | The high Stochastics value suggests NZF may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for NZF suggests low volalility. |
| Average Directional Index/ADX (14) | 24.31 | NEUTRAL | The ADX value for NZF suggests a possible start of a new trend. |
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)
11.95
+0.03 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.25%
1 Week2.14%
2 Weeks3.11%
1 Month-0.33%
3 Month-0.67%
6 Month-4.93%
12 Month-6.71%
2 Year5.57%
3 Year-7.72%
5 Year-19.58%
10 Year-11.61%
15 Year-21.02%
Volatility
ATR(14)0.09
ATR(20)%0.79%
ATR Inc-34.48%
Range Today0.05
ADR(20)0.09
ADR(20)%0.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.89
Mansfield-1.05
10 Day High11.97
10 Day Low11.58
20 Day High11.98
20 Day Low11.53
52 Week High13.24
52 Week Low10.98
CS1 End11.86
CR1 Start11.96
Volume & EV
DER(3)-0.89%
DER(5)3.09%
Volume486.50K
Volume Incr14.87%
Vol(5)580.42K
Vol(50)475.49K