Nuveen ESG Large-Cap Growth ETF Forecast
Nuveen ESG Large-Cap Growth ETF upgraded to Buy Candidate.
(Updated on May 08, 2024)
The Nuveen ESG Large-Cap Growth ETF price fell by -0.385% on the last day (Wednesday, 8th May 2024) from $75.40 to $75.11. During the last trading day the ETF fluctuated 0.588% from a day low at $74.85 to a day high of $75.29. The price has risen in 7 of the last 10 days and is up by 3.66% over the past 2 weeks. Volume has increased on the last day by 6 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, 39 thousand shares were bought and sold for approximately $2.94 million.
The ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen ESG Large-Cap Growth ETF with a 90% probability to be traded between $70.64 and $76.76 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NULG Signals & Forecast
The Nuveen ESG Large-Cap Growth 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 $74.23 and $74.36. 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 Tuesday, May 07, 2024, and so far it has fallen -0.385%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.
Support, Risk & Stop-loss for Nuveen ESG Large-Cap Growth ETF
Nuveen ESG Large-Cap Growth finds support from accumulated volume at $74.09 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 $0.440 between high and low, or 0.588%. For the last week the ETF has had daily average volatility of 0.85%.
Our recommended stop-loss: $73.00 (-2.81%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NULG) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Nuveen ESG Large-Cap Growth ETF to open at $75.08, and during the day (based on 14 day Average True Range), to move between $74.13 and $76.09, which gives a possible trading interval of +/-$0.98 (+/-1.31%) up or down from last closing price. If Nuveen ESG Large-Cap Growth ETF takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $74.09 (1.36%) than the resistance at $76.15 (1.38%), 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 ESG Large-Cap Growth ETF ETF A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nuveen ESG Large-Cap Growth ETF to perform well in the short-term period. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.239 Buy Candidate Upgraded
Predicted Opening Price for Nuveen ESG Large-Cap Growth ETF of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $75.08 ( 0.0355%) | $75.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NULG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.52 | 0.550 % | |
| R2 | 75.36 | 0.327 % | ||
| R1 | 75.25 | 0.188 % | ||
| Current price: | 75.11 | |||
| Support | S1 | 74.92 | -0.259 % | |
| S2 | 74.81 | -0.398 % | ||
| S3 | 74.64 | -0.621 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.28 | 1.56 % | |
| R2 | 76.19 | 1.44 % | ||
| R1 | 76.15 | 1.38 % | ||
| Current price | 75.11 | |||
| Support | S1 | 74.09 | -1.36% | |
| S2 | 73.75 | -1.81% | ||
| S3 | 73.41 | -2.26% |
NULG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0420 | 0.0603% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.255 | 0.374% |
| 3 | Dec 14, 2022 | Dec 15, 2022 | Dec 19, 2022 | $0.196 | 0.401% |
| 4 | Dec 15, 2021 | Dec 16, 2021 | Dec 20, 2021 | $3.48 | 5.34% |
| 5 | Dec 16, 2020 | Dec 17, 2020 | Dec 21, 2020 | $1.51 | 2.71% |
FAQ
Click here for our free guide on how to buy Nuveen ESG Large-Cap Growth ETF ETF.
