Nuveen Multi-Asset Income Fund Stock Forecast
Stronger technical forecast for Nuveen Multi-Asset Income Fund stock price after Friday trading.
(Updated on Jun 28, 2024)
The Nuveen Multi-Asset Income Fund stock price gained 2.32% on the last trading day (Friday, 28th Jun 2024), rising from $12.07 to $12.35. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.15% from a day low at $12.09 to a day high of $12.35. The price has risen in 6 of the last 10 days but is still down by -0.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 90 thousand more shares were traded than the day before. In total, 160 thousand shares were bought and sold for approximately $1.97 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen Multi-Asset Income Fund stock with a 90% probability to be traded between $12.03 and $12.83 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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NMAI Signals & Forecast
The Nuveen Multi-Asset Income 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 $12.05 and $12.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 3.69%. Further rise is indicated until a new top pivot has been found. 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. 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, July 10, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 10, 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 Multi-Asset Income Fund stock
Nuveen Multi-Asset Income Fund finds support from accumulated volume at $12.28 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 $0.260 between high and low, or 2.15%. For the last week the stock has had daily average volatility of 1.03%.
Since the Nuveen Multi-Asset Income Fund has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $11.69 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NMAI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nuveen Multi-Asset Income Fund to open at $12.26, and during the day (based on 14 day Average True Range), to move between $12.22 and $12.48, which gives a possible trading interval of +/-$0.135 (+/-1.09%) up or down from last closing price. If Nuveen Multi-Asset Income Fund takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.37 (0.16%) than the support at $12.28 (0.57%), 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 Multi-Asset 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 Multi-Asset 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: 1.147 Buy Candidate Upgraded
Predicted Opening Price for Nuveen Multi-Asset Income Fund of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$12.26 ( 0.702%) | $12.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NMAI
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.52 | 1.40% |
R2 | 12.42 | 0.599% |
R1 | 12.36 | 0.102% |
Price | 12.35 | |
S1 | 12.16 | -1.51% |
S2 | 12.10 | -2.00% |
S3 | 12.00 | -2.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.39 | 0.324% |
R2 | 12.38 | 0.243% |
R1 | 12.37 | 0.162% |
Price | 12.35 | |
S1 | 12.28 | -0.567% |
S2 | 11.97 | -3.08% |
S3 | 11.93 | -3.40% |
NMAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.400 | 3.23% |
2 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.400 | 3.25% |
3 | Sep 01, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.300 | 2.71% |
4 | Jun 01, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.300 | 2.56% |
5 | Mar 01, 2023 | Mar 14, 2023 | Apr 03, 2023 | $0.300 | 2.59% |
FAQ
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