Nuveen Pennsylvania Investment Quality Stock Forecast
Nuveen Pennsylvania Investment Quality stock price up 0.697% on Friday
(Updated on May 31, 2024)
The Nuveen Pennsylvania Investment Quality stock price gained 0.697% on the last trading day (Friday, 31st May 2024), rising from $11.47 to $11.55. During the last trading day the stock fluctuated 0.696% from a day low at $11.49 to a day high of $11.57. The price has fallen in 7 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $602.18 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen Pennsylvania Investment Quality stock with a 90% probability to be traded between $11.34 and $11.88 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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NQP Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 1.05%. Further rise is indicated until a new top pivot has been found. Nuveen Pennsylvania Investment Quality 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. The Nuveen Pennsylvania Investment Quality stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $11.60 and $11.66. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Nuveen Pennsylvania Investment Quality stock
Nuveen Pennsylvania Investment Quality finds support from accumulated volume at $11.52 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 $0.0800 between high and low, or 0.696%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: $10.83 (-6.19%) (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 (NQP) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Nuveen Pennsylvania Investment Quality Municipal Fund Inc to open at $11.54, and during the day (based on 14 day Average True Range), to move between $11.45 and $11.65, which gives a possible trading interval of +/-$0.101 (+/-0.88%) up or down from last closing price. If Nuveen Pennsylvania Investment Quality Municipal Fund Inc takes out the full calculated possible swing range there will be an estimated 1.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.52 (0.26%) than the resistance at $11.77 (1.90%), 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 Pennsylvania Investment Quality Municipal Fund Inc stock A Buy?
Nuveen Pennsylvania Investment Quality holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.744 Hold/Accumulate Unchanged
Predicted Opening Price for Nuveen Pennsylvania Investment Quality Municipal Fund Inc of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $11.54 ( 0.115%) | $11.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NQP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.62 | 0.577 % | |
| R2 | 11.59 | 0.313 % | ||
| R1 | 11.57 | 0.149 % | ||
| Current price: | 11.55 | |||
| Support | S1 | 11.51 | -0.380 % | |
| S2 | 11.49 | -0.543 % | ||
| S3 | 11.46 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.85 | 2.60 % | |
| R2 | 11.80 | 2.16 % | ||
| R1 | 11.77 | 1.90 % | ||
| Current price | 11.55 | |||
| Support | S1 | 11.52 | -0.260% | |
| S2 | 11.47 | -0.693% | ||
| S3 | 11.43 | -1.04% |
NQP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 03, 2024 | $0.0455 | 0.394% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0455 | 0.395% |
| 3 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0455 | 0.386% |
| 4 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.0325 | 0.279% |
| 5 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0325 | 0.276% |
FAQ
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