Nuveen ESG Mid-Cap Value ETF Forecast
Green day on Thursday for Nuveen ESG Mid-Cap Value ETF after gaining 0.588%
(Updated on Mar 28, 2024)
The Nuveen ESG Mid-Cap Value ETF price gained 0.588% on the last trading day (Thursday, 28th Mar 2024), rising from $34.00 to $34.20. During the last trading day the ETF fluctuated 0.675% from a day low at $34.08 to a day high of $34.31. The price has risen in 7 of the last 10 days and is up by 4.55% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 28 thousand shares were bought and sold for approximately $944.91 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $34.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the ETF is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between $35.97 and $37.80 at the end of this 3-month period.
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NUMV Signals & Forecast
The Nuveen ESG Mid-Cap Value ETF 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 $33.66 and $32.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 12.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Mid-Cap Value ETF
On the downside, the ETF finds support just below today's level from accumulated volume at $31.43 and $31.20. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Nuveen ESG Mid-Cap Value finds support just below today's level at $31.43. If this is broken, then the next support from accumulated volume will be at $31.20 and $30.79.
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 $0.230 between high and low, or 0.675%. For the last week the ETF has had daily average volatility of 0.91%
Our recommended stop-loss: $33.15 (-3.08%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (NUMV) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nuveen ESG Mid-Cap Value ETF to open at $34.20, and during the day (based on 14 day Average True Range), to move between $33.87 and $34.53, which gives a possible trading interval of +/-$0.329 (+/-0.96%) up or down from last closing price. If Nuveen ESG Mid-Cap Value ETF takes out the full calculated possible swing range there will be an estimated 1.92% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $31.43, some $2.77 (8.10%) from the current price of $34.20, our system finds the risk reward attractive.
Is Nuveen ESG Mid-Cap Value ETF ETF A Buy?
Nuveen ESG Mid-Cap Value holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.989 Strong Buy Candidate Unchanged
Predicted Opening Price for Nuveen ESG Mid-Cap Value ETF of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$34.20 ( 0.0097%) | $34.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUMV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 34.43 | 0.663 % | |
R2 | 34.34 | 0.406 % | ||
R1 | 34.28 | 0.247 % | ||
Current price: | 34.20 | |||
Support | S1 | 34.11 | -0.267 % | |
S2 | 34.05 | -0.425 % | ||
S3 | 33.97 | -0.682 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 34.20 | |||
Support | S1 | 31.43 | -8.10% | |
S2 | 31.20 | -8.77% | ||
S3 | 30.79 | -9.97% |
NUMV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | $0.694 | 2.21% |
2 | Dec 14, 2022 | Dec 15, 2022 | Dec 19, 2022 | $1.72 | 5.86% |
3 | Dec 15, 2021 | Dec 16, 2021 | Dec 20, 2021 | $2.45 | 6.96% |
4 | Dec 16, 2020 | Dec 17, 2020 | Dec 21, 2020 | $0.416 | 1.40% |
5 | Dec 26, 2019 | Dec 27, 2019 | Dec 31, 2019 | $0.724 | 2.40% |
FAQ
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