Nuveen Pennsylvania Investment Quality Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for Nuveen Pennsylvania Investment Quality as stock downgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
The Nuveen Pennsylvania Investment Quality stock price fell by -0.206% on the last day (Friday, 14th Jun 2024) from $12.15 to $12.12. During the last trading day the stock fluctuated 0.414% from a day low at $12.08 to a day high of $12.13. The price has risen in 8 of the last 10 days and is up by 4.94% over the past 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 thousand shares were bought and sold for approximately $556.19 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 $12.15 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Nuveen Pennsylvania Investment Quality stock with a 90% probability to be traded between $11.62 and $12.31 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
The Nuveen Pennsylvania Investment Quality 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 $12.01 and $11.78. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, June 13, 2024, and so far it has fallen -0.206%. Further fall is indicated until a new bottom pivot has been found. Nuveen Pennsylvania Investment Quality gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 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 stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, June 03, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, May 02, 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 stock in question.
Support, Risk & Stop-loss for Nuveen Pennsylvania Investment Quality stock
Nuveen Pennsylvania Investment Quality finds support from accumulated volume at $11.85 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 $0.0500 between high and low, or 0.414%. For the last week the stock has had daily average volatility of 0.684%.
Our recommended stop-loss: $11.80 (-2.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (NQP) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Nuveen Pennsylvania Investment Quality Municipal Fund Inc to open at $12.11, and during the day (based on 14 day Average True Range), to move between $12.01 and $12.23, which gives a possible trading interval of +/-$0.108 (+/-0.89%) 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 1.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.15 (0.21%) than the support at $11.85 (2.23%), 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 Pennsylvania Investment Quality Municipal Fund Inc stock A Buy?
Nuveen Pennsylvania Investment Quality 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.608 Hold/Accumulate Downgraded
Predicted Opening Price for Nuveen Pennsylvania Investment Quality Municipal Fund Inc of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $12.11 ( 0.0825%) | $12.12 |
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 | |
|---|---|---|
| R3 | 12.16 | 0.330% |
| R2 | 12.14 | 0.172% |
| R1 | 12.13 | 0.0751% |
| Price | 12.12 | |
| S1 | 12.09 | -0.240% |
| S2 | 12.08 | -0.337% |
| S3 | 12.06 | -0.495% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 12.15 | 0.206% |
| Price | 12.12 | |
| S1 | 11.85 | -2.23% |
| S2 | 11.80 | -2.64% |
| S3 | 11.77 | -2.89% |
NQP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | Jun 03, 2024 | $0.0455 | 0.391% |
| 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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