Nuveen Preferred And Income Etf ETF Forecast

Nuveen Preferred And Income Etf ETF upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 17, 2024)

NPFI Signals & Forecast

The Nuveen Preferred And Income Etf ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 $25.31 and $25.32. A breakdown below any of these levels will issue sell signals. Nuveen Preferred And Income Etf 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.569%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The ETF had a Golden Star Signal on Friday, May 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, May 06, 2024.

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 ETF in question.

Support, Risk & Stop-loss for Nuveen Preferred And Income Etf ETF

Nuveen Preferred And Income Etf finds support from accumulated volume at $25.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0%.

Our recommended stop-loss: $23.51 (-7.16%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (NPFI) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Nuveen Preferred And Income Etf to open at $25.33, and during the day (based on 14 day Average True Range), to move between $25.29 and $25.36, which gives a possible trading interval of +/-$0.0393 (+/-0.16%) up or down from last closing price. If Nuveen Preferred And Income Etf takes out the full calculated possible swing range there will be an estimated 0.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $25.32 (0.02%) than the resistance at $25.37 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nuveen Preferred And Income Etf ETF A Buy?

Nuveen Preferred And Income Etf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.405 Hold/Accumulate Upgraded

Predicted Opening Price for Nuveen Preferred And Income Etf of Tuesday, June 18, 2024

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