Nuveen ESG Mid-Cap Growth ETF Forecast
Nuveen ESG Mid-Cap Growth ETF downgraded to Sell Candidate
(Updated on May 30, 2024)
The Nuveen ESG Mid-Cap Growth ETF price fell by -1.08% on the last day (Thursday, 30th May 2024) from $42.57 to $42.11. It has now fallen 3 days in a row. During the last trading day the ETF fluctuated 1.02% from a day low at $42.03 to a day high of $42.46. The price has fallen in 7 of the last 10 days and is down by -4.43% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -2 thousand shares and in total, 14 thousand shares were bought and sold for approximately $570.30 thousand.
The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.06% during the next 3 months and, with a 90% probability hold a price between $38.74 and $42.49 at the end of this 3-month period.
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NUMG Signals & Forecast
There are few to no technical positive signals at the moment. The Nuveen ESG Mid-Cap Growth 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 $43.03 and $42.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -4.43%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Nuveen ESG Mid-Cap Growth ETF
Nuveen ESG Mid-Cap Growth finds support from accumulated volume at $41.90 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 $0.430 between high and low, or 1.02%. For the last week the ETF has had daily average volatility of 1.09%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUMG) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Nuveen ESG Mid-Cap Growth ETF to open at $42.20, and during the day (based on 14 day Average True Range), to move between $41.59 and $42.63, which gives a possible trading interval of +/-$0.525 (+/-1.25%) up or down from last closing price. If Nuveen ESG Mid-Cap Growth ETF takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.90 (0.50%) than the resistance at $43.48 (3.25%), 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 Mid-Cap Growth ETF ETF A Buy?
Nuveen ESG Mid-Cap Growth holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -4.355 Sell Candidate Downgraded
Predicted Opening Price for Nuveen ESG Mid-Cap Growth ETF of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $42.20 ( 0.214%) | $42.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUMG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.63 | 1.23 % | |
| R2 | 42.47 | 0.84 % | ||
| R1 | 42.36 | 0.604 % | ||
| Current price: | 42.11 | |||
| Support | S1 | 42.04 | -0.176 % | |
| S2 | 41.93 | -0.417 % | ||
| S3 | 41.77 | -0.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.23 | 5.03 % | |
| R2 | 43.58 | 3.49 % | ||
| R1 | 43.48 | 3.25 % | ||
| Current price | 42.11 | |||
| Support | S1 | 41.90 | -0.499% | |
| S2 | 41.81 | -0.712% | ||
| S3 | 41.61 | -1.19% |
NUMG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.0750 | 0.179% |
| 2 | Dec 14, 2022 | Dec 15, 2022 | Dec 19, 2022 | $0.0650 | 0.187% |
| 3 | Dec 15, 2021 | Dec 16, 2021 | Dec 20, 2021 | $6.28 | 13.35% |
| 4 | Dec 16, 2020 | Dec 17, 2020 | Dec 21, 2020 | $1.89 | 3.83% |
| 5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.0960 | 0.272% |
FAQ
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