Nuveen Real Asset Income and Growth Fund Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Nuveen Real Asset Income and Growth Fund
(Updated on May 03, 2024)
The Nuveen Real Asset Income and Growth Fund stock price gained 0.612% on the last trading day (Friday, 3rd May 2024), rising from $11.44 to $11.51. 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 0.783% from a day low at $11.49 to a day high of $11.58. The price has risen in 8 of the last 10 days and is up by 5.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 90 thousand shares were bought and sold for approximately $1.03 million.
The stock 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 stock is expected to fall -2.14% during the next 3 months and, with a 90% probability hold a price between $10.58 and $11.59 at the end of this 3-month period.
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JRI Signals & Forecast
Mostly positive signals in the chart today. The Nuveen Real Asset Income and Growth Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.36 and $11.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.99%. 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). Nuveen Real Asset Income and Growth Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-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 Real Asset Income and Growth Fund stock
Nuveen Real Asset Income and Growth Fund finds support from accumulated volume at $11.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0900 (0.783%) between high and low. For the last week, the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $10.97 (-4.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (JRI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nuveen Real Asset Income and Growth Fund to open at $11.53, and during the day (based on 14 day Average True Range), to move between $11.38 and $11.64, which gives a possible trading interval of +/-$0.131 (+/-1.14%) up or down from last closing price. If Nuveen Real Asset Income and Growth Fund takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.59 (0.65%) than the support at $11.41 (0.87%), 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 Real Asset Income and Growth Fund stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.967 Buy Candidate Unchanged
Predicted Opening Price for Nuveen Real Asset Income and Growth Fund of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $11.53 ( 0.145%) | $11.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JRI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.62 | 0.93 % | |
| R2 | 11.58 | 0.628 % | ||
| R1 | 11.56 | 0.443 % | ||
| Current price: | 11.51 | |||
| Support | S1 | 11.49 | -0.154 % | |
| S2 | 11.47 | -0.338 % | ||
| S3 | 11.44 | -0.637 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.69 | 1.57 % | |
| R2 | 11.59 | 0.695 % | ||
| R1 | 11.59 | 0.652 % | ||
| Current price | 11.51 | |||
| Support | S1 | 11.41 | -0.87% | |
| S2 | 11.39 | -1.04% | ||
| S3 | 11.33 | -1.56% |
JRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.100 | 0.88% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.100 | 0.85% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.100 | 0.87% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.100 | 0.84% |
| 5 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.100 | 0.85% |
FAQ
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