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Nuveen Michigan Quality (NUM) Stock Technical Analysis

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

15.1  +0.12 (+0.8%)

Technical Rating and Analysis

6

Taking everything into account, NUM scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NUM is a bad performer.

63% of all other stocks performed better in the past year than NUM.
The long and short term trends are both positive. This is looking good!
NUM 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 NUM has a been trading in a tight range between 14.50 and 15.18.

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Weekly and Daily overview Charts
Nuveen Michigan Quality / NUM Weekly stock chart
Nuveen Michigan Quality / NUM Daily stock chart
Setup Rating and Analysis

8

NUM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 15.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.07, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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Support and Resistance Analysis

13.78

15.27

We found 2 important support areas.

  • A support zone ranging from 14.52 to 15.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 13.92 to 14.09. 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 15.11 to 15.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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
CRS37.82
Mansfield-1.01
10 Day High15.18
10 Day Low14.96
20 Day High15.18
20 Day Low14.5
52 Week High15.18
52 Week Low10.03
Performance
1 Week0.13%
2 Weeks0.53%
1 Month3.5%
3 Month5.96%
6 Month4.43%
12 Month4.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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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)

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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)68.09
LBB14.9
UBB15.17

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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
15.1314.950.18 (1.19%)25.00%
An entry @15.13. This is a Buy Stop order right above the resistance zone.An exit @14.95. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.18 points, which is 1.19%.For a 0.30% 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.

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Nuveen Michigan Quality / NUM Daily stock chart

Nuveen Michigan Quality

NYSE:NUM (2/5/2021, 8:27:39 PM)

15.1

+0.12 (+0.8%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.8%
1 Week0.13%
2 Weeks0.53%
1 Month3.5%
3 Month5.96%
6 Month4.43%
12 Month4.3%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.68%
ATR Inc16.32%
Range Today0.12
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
CRS37.82
Mansfield-1.01
10 Day High15.18
10 Day Low14.96
20 Day High15.18
20 Day Low14.5
52 Week High15.18
52 Week Low10.03
CS1 End15.07
CR1 Start15.11
Volume & EV
DER(3)-3.2%
DER(5)-0.99%
Volume37.50K
Volume Incr-26.6%
Vol(5)35.82K
Vol(50)45.08K