RSI low/high Values: [ 25 - 75 ]
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AI Analysis of JRS
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Stronger technical forecast for Nuveen Real Estate Income Fund stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 3.27% PDF

The Nuveen Real Estate Income Fund stock price gained 1.02% on the last trading day (Thursday, 28th Mar 2024), rising from $7.82 to $7.90. 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 1.67% from a day low at $7.77 to a day high of $7.90. The price has risen in 5 of the last 10 days and is up by 2.86% 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, 19 thousand more shares were traded than the day before. In total, 91 thousand shares were bought and sold for approximately $715.07 thousand.

The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $7.98 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Nuveen Real Estate Income Fund stock with a 90% probability to be traded between $7.61 and $8.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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JRS Signals & Forecast

The Nuveen Real Estate 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 $7.73 and $7.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 4.36%. Further rise is indicated until a new top pivot has been found. Nuveen Real Estate Income 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Nuveen Real Estate Income Fund stock

Nuveen Real Estate Income Fund finds support from accumulated volume at $7.66 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 $0.130 between high and low, or 1.67%. For the last week the stock has had daily average volatility of 1.46%.

Our recommended stop-loss: $7.51 (-4.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)

Trading Expectations (JRS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nuveen Real Estate Income Fund to open at $7.86, and during the day (based on 14 day Average True Range), to move between $7.78 and $8.02, which gives a possible trading interval of +/-$0.123 (+/-1.55%) up or down from last closing price. If Nuveen Real Estate Income Fund takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.91 (0.13%) than the support at $7.66 (3.04%), 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 Estate Income Fund stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nuveen Real Estate Income Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.209 Buy Candidate Upgraded

Predicted Opening Price for Nuveen Real Estate Income Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.86 ( 0.549%) $7.90

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

Trading levels for JRS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.99 1.10 %
R2 7.94 0.468 %
R1 7.91 0.0801 %
Current price: 7.90
Support S1 7.81 -1.18 %
S2 7.78 -1.57 %
S3 7.73 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 7.96 0.759 %
R1 7.91 0.127 %
Current price 7.90
Support S1 7.66 -3.04%
S2 7.62 -3.54%
S3 7.53 -4.68%

JRS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 01, 2024 $0.170 2.15%
2 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.170 2.17%
3 Sep 01, 2023 Sep 14, 2023 Oct 02, 2023 $0.170 2.56%
4 Jun 01, 2023 Jun 14, 2023 Jul 03, 2023 $0.170 2.24%
5 Mar 01, 2023 Mar 14, 2023 Apr 03, 2023 $0.170 2.27%

FAQ

What is the symbol for Nuveen Real Estate Income Fund Stock and on which exchange is it traded?
The symbol for Nuveen Real Estate Income Fund is JRS and it is traded on the NYSEMKT (NYSE American).

Should I buy or sell Nuveen Real Estate Income Fund Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nuveen Real Estate Income Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Nuveen Real Estate Income Fund Stock?
Nuveen Real Estate 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 Real Estate Income Fund Stock.

What's the current price of Nuveen Real Estate Income Fund Stock?
As of the end of day on the 2024-03-28, the price of an Nuveen Real Estate Income Fund (JRS) share was $7.90.

What is the 52-week high and low for Nuveen Real Estate Income Fund Stock?
The 52-week high for Nuveen Real Estate Income Fund Stock is $8.00 and the 52-week low is $5.95.

What is the market capitalization of Nuveen Real Estate Income Fund Stock?
As of the 2024-03-28, the market capitalization of Nuveen Real Estate Income Fund is 228.251M.
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About Nuveen Real Estate Income Fund

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc. The fund is managed by Security Capital Research & Management Incorporated. It invests in the public equity markets of the United States. The fund makes its investments in stocks of companies operating in the real-estate sector. It typically invests in growth stocks of companies operating across all market capitalizations. Nuveen Real Estate In... JRS Profile

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