Nuveen ESG Emerging Markets Equity ETF 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
Nuveen ESG Emerging Markets Equity ETF downgraded to Sell Candidate
(Updated on May 31, 2024)
The Nuveen ESG Emerging Markets Equity ETF price fell by -1.17% on the last day (Friday, 31st May 2024) from $28.11 to $27.78. It has now fallen 4 days in a row. During the last trading day the ETF fluctuated 1.55% from a day low at $27.50 to a day high of $27.92. The price has fallen in 8 of the last 10 days and is down by -3.88% for this period. Volume has increased on the last day by 22 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, 42 thousand shares were bought and sold for approximately $1.17 million.
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 3.30% during the next 3 months and, with a 90% probability hold a price between $27.84 and $30.19 at the end of this 3-month period.
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NUEM Signals & Forecast
There are few to no technical positive signals at the moment. The Nuveen ESG Emerging Markets Equity ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $28.31 and $27.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -4.50%. 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). Nuveen ESG Emerging Markets Equity 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 ETF had a Golden Star Signal on Friday, December 22, 2023 in the long-term chart.
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.
Golden Star 12 Months
The ETF had a Golden Star Signal on Friday, December 22, 2023 in the long-term chart.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 ESG Emerging Markets Equity ETF
Nuveen ESG Emerging Markets Equity finds support from accumulated volume at $27.67 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 $0.425 between high and low, or 1.55%. For the last week the ETF has had daily average volatility of 1.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUEM) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Nuveen ESG Emerging Markets Equity ETF to open at $27.73, and during the day (based on 14 day Average True Range), to move between $27.41 and $28.15, which gives a possible trading interval of +/-$0.374 (+/-1.35%) up or down from last closing price. If Nuveen ESG Emerging Markets Equity ETF takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.82 (0.14%) than the support at $27.67 (0.40%), 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 Emerging Markets Equity ETF ETF A Buy?
The Nuveen ESG Emerging Markets Equity ETF holds several negative signals and despite the positive trend, we believe Nuveen ESG Emerging Markets Equity 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: -2.250 Sell Candidate Downgraded
Predicted Opening Price for Nuveen ESG Emerging Markets Equity ETF of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $27.73 ( 0.174%) | $27.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUEM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.16 | 1.36 % | |
| R2 | 27.99 | 0.771 % | ||
| R1 | 27.89 | 0.410 % | ||
| Current price: | 27.78 | |||
| Support | S1 | 27.57 | -0.758 % | |
| S2 | 27.47 | -1.12 % | ||
| S3 | 27.31 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.68 | 3.24 % | |
| R2 | 28.02 | 0.86 % | ||
| R1 | 27.82 | 0.144 % | ||
| Current price | 27.78 | |||
| Support | S1 | 27.67 | -0.396% | |
| S2 | 27.56 | -0.792% | ||
| S3 | 27.50 | -1.01% |
NUEM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.640 | 2.44% |
| 2 | Dec 14, 2022 | Dec 15, 2022 | Dec 19, 2022 | $0.484 | 1.92% |
| 3 | Dec 15, 2021 | Dec 16, 2021 | Dec 20, 2021 | $0.790 | 2.52% |
| 4 | Dec 16, 2020 | Dec 17, 2020 | Dec 21, 2020 | $0.422 | 1.29% |
| 5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.542 | 1.98% |
FAQ
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