RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of JFR
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Nuveen Floating Rate Income Fund stock price ended at $8.72 on Wednesday, after gaining 0.461%.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 17, 2024 Gain 5.95% PDF

The Nuveen Floating Rate Income Fund stock price gained 0.461% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.68 to $8.72. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.403% from a day low at $8.69 to a day high of $8.72. The price has been going up and down for this period, and there has been a -0.34% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 350 thousand shares were bought and sold for approximately $3.05 million.

The stock lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.31% during the next 3 months and, with a 90% probability hold a price between $9.13 and $9.39 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

JFR Signals & Forecast

The Nuveen Floating Rate Income Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $8.66 and $8.61. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -0.343%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Nuveen Floating Rate Income Fund stock

Nuveen Floating Rate Income Fund finds support from accumulated volume at $8.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0350 between high and low, or 0.403%. For the last week the stock has had daily average volatility of 0.730%.

Our recommended stop-loss: $8.38 (-3.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (JFR) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Nuveen Floating Rate Income Fund to open at $8.71, and during the day (based on 14 day Average True Range), to move between $8.65 and $8.79, which gives a possible trading interval of +/-$0.0708 (+/-0.81%) up or down from last closing price. If Nuveen Floating Rate Income Fund takes out the full calculated possible swing range there will be an estimated 1.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.75 (0.34%) than the support at $8.65 (0.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nuveen Floating Rate Income Fund stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nuveen Floating Rate Income Fund stock to perform well in the short-term.

Current score: 3.144 Buy Candidate Unchanged

Predicted Opening Price for Nuveen Floating Rate Income Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$8.71 ( 0.134%) $8.72

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JFR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.74 0.268 %
R2 8.73 0.114 %
R1 8.72 0.0195 %
Current price: 8.72
Support S1 8.69 -0.287 %
S2 8.69 -0.382 %
S3 8.67 -0.535 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 8.75 0.344 %
Current price 8.72
Support S1 8.65 -0.80%
S2 8.63 -1.03%
S3 8.60 -1.38%

JFR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 01, 2024 $0.0850 0.97%
2 Feb 01, 2024 Feb 14, 2024 Mar 01, 2024 $0.0850 0.98%
3 Jan 02, 2024 Jan 11, 2024 Feb 01, 2024 $0.0850 1.00%
4 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.0850 1.03%
5 Nov 01, 2023 Nov 14, 2023 Dec 01, 2023 $0.0850 1.05%

FAQ

What is the symbol for Nuveen Floating Rate Income Fund Stock and on which exchange is it traded?
The symbol for Nuveen Floating Rate Income Fund is JFR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nuveen Floating Rate Income Fund Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nuveen Floating Rate Income Fund stock to perform well in the short-term.

How to buy Nuveen Floating Rate Income Fund Stock?
Nuveen Floating Rate Income Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nuveen Floating Rate Income Fund Stock.

What's the current price of Nuveen Floating Rate Income Fund Stock?
As of the end of day on the 2024-03-27, the price of an Nuveen Floating Rate Income Fund (JFR) share was $8.72.

What is the 52-week high and low for Nuveen Floating Rate Income Fund Stock?
The 52-week high for Nuveen Floating Rate Income Fund Stock is $8.82 and the 52-week low is $7.61.

What is the market capitalization of Nuveen Floating Rate Income Fund Stock?
As of the 2024-03-27, the market capitalization of Nuveen Floating Rate Income Fund is 1.169B.
Click to get the best stock tips daily for free!

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans. Nuveen Floating Rate Income Fund was formed on March 24, 2004 and is domiciled in the United States.... JFR Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT