Nuveen Core Plus Impact Fund Fund Forecast
Nuveen Core Plus Impact Fund fund price ended at $10.20 on Thursday, after gaining 0.295%.
(Updated on May 02, 2024)
The Nuveen Core Plus Impact Fund fund price gained 0.295% on the last trading day (Thursday, 2nd May 2024), rising from $10.17 to $10.20. During the last trading day the fund fluctuated 1.09% from a day low at $10.13 to a day high of $10.24. The price has risen in 6 of the last 10 days and is up by 2.31% 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, 9 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $399.55 thousand.
The fund lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.21 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the fund is expected to fall -4.10% during the next 3 months and, with a 90% probability hold a price between $9.42 and $9.79 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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NPCT Signals & Forecast
Mostly positive signals in the chart today. The Nuveen Core Plus Impact Fund fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the fund 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 $10.10 and $10.19. 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 2.93%. 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 Core Plus Impact 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.
Support, Risk & Stop-loss for Nuveen Core Plus Impact Fund fund
Nuveen Core Plus Impact Fund finds support from accumulated volume at $10.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.110 between high and low, or 1.09%. For the last week the fund has had daily average volatility of 0.760%.
Our recommended stop-loss: $9.66 (-5.29%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (NPCT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Nuveen Core Plus Impact Fund to open at $10.19, and during the day (based on 14 day Average True Range), to move between $10.12 and $10.28, which gives a possible trading interval of +/-$0.0842 (+/-0.83%) up or down from last closing price. If Nuveen Core Plus Impact Fund takes out the full calculated possible swing range there will be an estimated 1.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.29 (0.88%) than the support at $10.05 (1.47%), 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 Core Plus Impact Fund fund A Buy?
Several short-term signals are positive, despite the fund being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for fund to perform well in the short-term.
Current score: 2.236 Buy Candidate Unchanged
Predicted Opening Price for Nuveen Core Plus Impact Fund of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $10.19 ( 0.0980%) | $10.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NPCT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.30 | 0.98 % | |
| R2 | 10.26 | 0.568 % | ||
| R1 | 10.23 | 0.314 % | ||
| Current price: | 10.20 | |||
| Support | S1 | 10.15 | -0.510 % | |
| S2 | 10.12 | -0.765 % | ||
| S3 | 10.08 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.32 | 1.18 % | |
| R2 | 10.30 | 0.98 % | ||
| R1 | 10.29 | 0.88 % | ||
| Current price | 10.20 | |||
| Support | S1 | 10.05 | -1.47% | |
| S2 | 10.03 | -1.67% | ||
| S3 | 9.97 | -2.25% |
NPCT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0915 | 0.90% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0915 | 0.89% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.0915 | 0.88% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0830 | 0.788% |
| 5 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0830 | 0.82% |
FAQ
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