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Nuveen Quality Preferred Income Fund 2 Fund Forecast NYSE:JPS

$9.41 (1.07%)

Volume: 468k

Closed: Dec 07, 2021

Hollow Logo Score: -1.778

Nuveen Quality Preferred Income Fund 2 Fund Forecast

$9.41 (1.07%)

Volume: 468k

Closed: Dec 07, 2021

Score Hollow Logo -1.778
Which way will JPS go? Request
Key Stats
Beta 0.27
Trailing Dividend Rate 6.33% ($0.59)
Next Dividend Date Dec 14, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 34 and the fund is currently not being overbought or oversold

Green day on Tuesday for Nuveen Quality Preferred Income Fund 2 fund after gaining 1.07%
(Updated on Dec 07, 2021)


Sell candidate since 2021-12-07

The Nuveen Quality Preferred Income Fund 2 fund price gained 1.07% on the last trading day (Tuesday, 7th Dec 2021), rising from $9.31 to $9.41. During the day the fund fluctuated 1.18% from a day low at $9.34 to a day high of $9.45. The price has fallen in 6 of the last 10 days and is down by -1.36% for this period. Volume fell on the last day by -274 thousand shares and in total, 468 thousand shares were bought and sold for approximately $4.40 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.

The fund lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -5.93% during the next 3 months and, with a 90% probability hold a price between $8.67 and $9.12 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.

Signals & Forecast

There are mixed signals in the fund today. The Nuveen Quality Preferred Income Fund 2 fund holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $9.68. On a fall, the fund will find some support from the short-term average at $9.37. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, November 26, 2021, and so far it has risen 1.40%. Further rise is indicated until a new top pivot has been found. 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 fund should be watched closely.

Support, Risk & Stop-loss

Nuveen Quality Preferred Income Fund 2 finds support from accumulated volume at $9.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the fund moved $0.11 (1.18%) between high and low. For the last week, the fund has had a daily average volatility of 1.16%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Nuveen Quality Preferred Income Fund 2 fund A Buy?

Nuveen Quality Preferred Income Fund 2 holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.

Current score: -1.778

Predicted Opening Price for Nuveen Quality Preferred Income Fund 2 of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$9.40 $9.41 (Overvalued)
Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 1.16 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.16 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.84
Price: $9.41
Support: $9.40

JPS Insider Trading Show all Trades

INSIDER POWER

0.627

Last 56 transactions
Buy: 81 435 | Sell: 129 827 (Shares)
Date Action Amount Person Type
Dec 27, 2013 Sell 4 400 Evans Jack Common Stock
Jun 25, 2013 Buy 1 000 Cook Margo L. Common Stock
Feb 17, 2010 Sell 1 835 Schneider William J Common Stock
Nov 16, 2009 Sell 13 567 Lieb Mark Common Stock
Nov 13, 2009 Sell 25 000 Lieb Mark Common Stock
Show all Insider Trades
INSIDER POWER

0.627

Last 56 transactions
Buy: 81 435 | Sell: 129 827 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.51 1.06 %
9.47 0.62 %
9.44 0.34 %
Current price: 9.41
Support 9.36 -0.55 %
9.33 -0.83 %
9.29 -1.28 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.04 6.70 %
9.93 5.53 %
9.84 4.57 %
Current price 9.41
Support 9.40 -0.11%
9.36 -0.53%
9.34 -0.74%

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