NUVEEN CREDIT STRATEGIES INC (JQC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:JQC - US67073D1028
Overall JQC gets a technical rating of 0 out of 10. JQC'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.
Although the technical rating is bad, JQC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.97, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for JQC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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4.77
We found 2 important support areas.
- A support zone ranging from 4.95 to 4.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 4.82 to 4.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.03 to 5.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.32 from a trend line in the weekly time frame.
- A resistance zone ranging from 5.50 to 5.59. 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 JQC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for JQC is down. |
| ChartMill Relative Strength | 22.76 | NEGATIVE | JQC has a low relative strength, it was outperformed by 77.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of JQC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of JQC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of JQC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.04 | NEUTRAL | The RSI value for JQC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests JQC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.37 | NEUTRAL | The Stochastics value for JQC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for JQC suggests low volalility. |
| Average Directional Index/ADX (14) | 21.1 | NEUTRAL | The ADX value for JQC suggests a possible start of a new trend. |
5.03
-0.01 (-0.2%)
NUVEEN CREDIT STRATEGIES INC / JQC FAQ
Can you provide the ChartMill technical rating for NUVEEN CREDIT STRATEGIES INC?
ChartMill assigns a technical rating of 0 / 10 to JQC.
What is the current trend direction of NUVEEN CREDIT STRATEGIES INC (JQC) stock?
The current trend direction for NUVEEN CREDIT STRATEGIES INC (JQC) is Bearish.
Can you provide the RSI signal for NUVEEN CREDIT STRATEGIES INC?
NUVEEN CREDIT STRATEGIES INC (JQC) has an RSI value of 43.0445. This indicates that the stock is currently neutral.
What is the MACD signal for JQC stock?
The MACD indicator for NUVEEN CREDIT STRATEGIES INC (JQC) has a value of 0.00177932, indicating a bearish trend.
What is the support and resistance level for JQC stock?
NUVEEN CREDIT STRATEGIES INC (JQC) has a support level at 4.97 and a resistance level at 5.03. Check the full technical report for our detailed analysis of JQC support and resistance levels.