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Nuveen Maryland Premium Fund (NMY) Stock Technical Analysis

NYSE:NMY - New York Stock Exchange, Inc. -

14.3  -0.03 (-0.21%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to NMY. Although NMY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

77% of all other stocks performed better in the past year than NMY.
Both the short term and long term trends are positive. This is a very positive sign.
NMY 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 NMY has a been trading in the 13.20 - 14.47 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Weekly and Daily overview Charts
Nuveen Maryland Premium Fund / NMY Weekly stock chart
Nuveen Maryland Premium Fund / NMY Daily stock chart
Setup Rating and Analysis

8

Although the technical rating is only medium, NMY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NMY 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.
Support and Resistance Analysis

13.44

14.61

When analyzing the support we notice one important area.

  • A support zone ranging from 13.58 to 14.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 14.33 to 14.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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
CRS23.76
Mansfield-1.1
10 Day High14.47
10 Day Low13.91
20 Day High14.47
20 Day Low13.2
52 Week High14.47
52 Week Low11.71
Performance
1 Week0.92%
2 Weeks2%
1 Month1.63%
3 Month2.51%
6 Month8.09%
12 Month11.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)61.72
LBB13.78
UBB14.47
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
14.4813.900.58 (4.01%)24.97%
An entry @14.48. This is a Buy Stop order right above the resistance zone.An exit @13.90. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.58 points, which is 4.01%.When investing 24.97% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
Nuveen Maryland Premium Fund / NMY Daily stock chart

Nuveen Maryland Premium Fund

NYSE:NMY (4/9/2021, 8:23:48 PM)

14.3

-0.03 (-0.21%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.21%
1 Week0.92%
2 Weeks2%
1 Month1.63%
3 Month2.51%
6 Month8.09%
12 Month11.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%1.16%
ATR Inc-28.8%
Range Today0.13
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
CRS23.76
Mansfield-1.1
10 Day High14.47
10 Day Low13.91
20 Day High14.47
20 Day Low13.2
52 Week High14.47
52 Week Low11.71
CS1 End14.2
CR1 Start14.33
Volume & EV
DER(3)1.2%
DER(5)3.31%
Volume26.80K
Volume Incr22.64%
Vol(5)31.80K
Vol(50)35.47K