Nuveen High Income December 2019 Target Stock Forecast
Nuveen High Income December 2019 Target stock price up 3.45% on Wednesday
(Updated on Mar 27, 2024)
The Nuveen High Income December 2019 Target stock price gained 3.45% on the last trading day (Wednesday, 27th Mar 2024), rising from £203.00 to £210.00. 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 5.00% from a day low at £200.00 to a day high of £210.00. The price has risen in 6 of the last 10 days and is up by 11.7% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 425 thousand shares were bought and sold for approximately £89.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -2.67% during the next 3 months and, with a 90% probability hold a price between £182.08 and £204.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JHD.L Signals & Forecast
The Nuveen High Income December 2019 Target 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 £196.29 and £196.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 11.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Nuveen High Income December 2019 Target stock
On the downside, the stock finds support just below today's level from accumulated volume at £198.00 and £197.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nuveen High Income December 2019 Target finds support just below today's level at £198.00. If this is broken, then the next support from accumulated volume will be at £197.00 and £192.00.
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 £10.00 between high and low, or 5.00%. For the last week the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: £203.49 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (JHD.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Nuveen High Income December 2019 Target Term Fund Com to open at £206.67, and during the day (based on 14 day Average True Range), to move between £201.80 and £218.20, which gives a possible trading interval of +/-£8.20 (+/-3.90%) up or down from last closing price. If Nuveen High Income December 2019 Target Term Fund Com takes out the full calculated possible swing range there will be an estimated 7.81% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £198.00, some £12.00 (5.71%) from the current price of £210.00, our system finds the risk reward attractive.
Is Nuveen High Income December 2019 Target Term Fund Com stock A Buy?
Nuveen High Income December 2019 Target holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Nuveen High Income December 2019 Target Term Fund Com of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£206.67 ( 1.59%) | £210.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHD.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 216.67 | 3.17 % | |
R2 | 212.85 | 1.36 % | ||
R1 | 210.49 | 0.232 % | ||
Current price: | 210.00 | |||
Support | S1 | 202.85 | -3.41 % | |
S2 | 200.49 | -4.53 % | ||
S3 | 196.67 | -6.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 210.00 | |||
Support | S1 | 198.00 | -5.71% | |
S2 | 197.00 | -6.19% | ||
S3 | 192.00 | -8.57% |
JHD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0 | 0% |
2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £2.25 | 1.09% |
3 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | £5.50 | 2.71% |
4 | Mar 31, 2022 | May 05, 2022 | Jun 10, 2022 | £2.25 | 0.98% |
5 | Oct 04, 2021 | Nov 25, 2021 | Dec 17, 2021 | £5.50 | 1.98% |
FAQ
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