Nuveen ESG International Developed ETF Forecast
Weaker technical forecast for Nuveen ESG International Developed as ETF downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Nuveen ESG International Developed ETF price gained 0.0959% on the last trading day (Tuesday, 25th Jun 2024), rising from $31.29 to $31.32. During the last trading day the ETF fluctuated 0.766% from a day low at $31.16 to a day high of $31.40. The price has been going up and down for this period, and there has been a -1.01% loss for the last 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 29 thousand shares were bought and sold for approximately $893.06 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 4.42% during the next 3 months and, with a 90% probability hold a price between $31.86 and $33.64 at the end of this 3-month period.
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NUDM Signals & Forecast
There are few to no technical positive signals at the moment. The Nuveen ESG International Developed ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $31.37. On a fall, the ETF will find some support from the short-term average at $31.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.97%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Nuveen ESG International Developed ETF
Nuveen ESG International Developed finds support from accumulated volume at $31.16 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.239 between high and low, or 0.766%. For the last week the ETF has had daily average volatility of 0.783%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUDM) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Nuveen ESG International Developed Markets Equity ETF to open at $31.29, and during the day (based on 14 day Average True Range), to move between $30.97 and $31.67, which gives a possible trading interval of +/-$0.348 (+/-1.11%) up or down from last closing price. If Nuveen ESG International Developed Markets Equity ETF takes out the full calculated possible swing range there will be an estimated 2.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.37 (0.16%) than the support at $31.16 (0.51%), 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 ESG International Developed Markets Equity ETF ETF A Buy?
The Nuveen ESG International Developed ETF holds several negative signals and despite the positive trend, we believe Nuveen ESG International Developed will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.026 Sell Candidate Downgraded
Predicted Opening Price for Nuveen ESG International Developed Markets Equity ETF of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$31.29 ( 0.0865%) | $31.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUDM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.53 | 0.676% |
R2 | 31.44 | 0.384% |
R1 | 31.38 | 0.205% |
Price | 31.32 | |
S1 | 31.20 | -0.378% |
S2 | 31.15 | -0.558% |
S3 | 31.05 | -0.85% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.62 | 0.96% |
R2 | 31.58 | 0.83% |
R1 | 31.37 | 0.160% |
Price | 31.32 | |
S1 | 31.16 | -0.511% |
S2 | 31.15 | -0.543% |
S3 | 29.58 | -5.56% |
NUDM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.92 | 3.21% |
2 | Dec 14, 2022 | Dec 15, 2022 | Dec 19, 2022 | $0.510 | 1.98% |
3 | Dec 15, 2021 | Dec 16, 2021 | Dec 20, 2021 | $1.34 | 4.44% |
4 | Dec 16, 2020 | Dec 17, 2020 | Dec 21, 2020 | $0.430 | 1.49% |
5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.92 | 3.42% |
FAQ
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