Logo image of JHAA

NUVEEN CORPORATE INCOME 2023 (JHAA) Stock Technical Analysis

NYSE:JHAA - New York Stock Exchange, Inc. - US67079F1012 - Currency: USD

9.7041  +0 (+0.04%)

Technical Rating and Analysis

9

Taking everything into account, JHAA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, JHAA is showing a nice and steady performance.

Warning: JHAA has an average volume of 17838 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, JHAA did better than 71% of all other stocks. We also observe that the gains produced by JHAA over the past year are nicely spread over this period.
JHAA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month JHAA has a been trading in a tight range between 9.60 and 9.71.
Considerably lower volume is observed in the last couple of days.

More info and screens

Weekly and Daily overview Charts
NUVEEN CORPORATE INCOME 2023 / JHAA Weekly stock chart
NUVEEN CORPORATE INCOME 2023 / JHAA Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, JHAA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.68, a Stop Loss order could be placed below this zone.

More info and screens

Support and Resistance Analysis

8.65

9.81

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 9.48 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 9.16 to 9.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 8.74 to 8.97. 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 9.71 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.87
Mansfield-0.42
10 Day High9.71
10 Day Low9.64
20 Day High9.71
20 Day Low9.6
52 Week High9.71
52 Week Low8.94
Performance
1 Week0.25%
2 Weeks0.46%
1 Month1.08%
3 Month2.65%
6 Month4.46%
12 Month6.99%
2 Year-2.57%
3 Year1.93%
5 YearN/A
10 YearN/A
15 YearN/A

More info

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)

More info

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)
Technical Indicators
MACD(12,26,9)0
RSI(14)70.87
LBB9.61
UBB9.73

More info

Example Setup

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.

ENTRYEXITDISTANCECAPITAL
9.729.630.09 (0.93%)25.00%
An entry @9.72. This is a Buy Stop order right above the resistance zone.An exit @9.63. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.09 points, which is 0.93%.For a 0.23% 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.

More info and screens

NUVEEN CORPORATE INCOME 2023 / JHAA Daily stock chart

NUVEEN CORPORATE INCOME 2023

NYSE:JHAA (11/24/2023, 7:46:59 PM)

9.7041

+0 (+0.04%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.04%
1 Week0.25%
2 Weeks0.46%
1 Month1.08%
3 Month2.65%
6 Month4.46%
12 Month6.99%
2 Year-2.57%
3 Year1.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.24%
ATR Inc-50.96%
Range Today0
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
CRS71.87
Mansfield-0.42
10 Day High9.71
10 Day Low9.64
20 Day High9.71
20 Day Low9.6
52 Week High9.71
52 Week Low8.94
CS1 End9.68
CR1 Start9.71
Volume & EV
DER(3)-1.19%
DER(5)-1.11%
Volume1.00K
Volume Incr-43.74%
Vol(5)10.06K
Vol(50)17.84K