Nuveen Select Tax-Free Incom Portfolio 3 Stock Forecast
Nuveen Select Tax-Free Incom Portfolio 3 stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Nuveen Select Tax-Free Incom Portfolio 3 stock price gained 3.78% on the last trading day (Wednesday, 1st May 2024), rising from £185.00 to £192.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.84% from a day low at £186.00 to a day high of £195.00. The price has risen in 7 of the last 10 days and is up by 9.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 73 thousand shares were bought and sold for approximately £13.99 million.
Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between £163.43 and £186.49 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NXR.L Signals & Forecast
Mostly positive signals in the chart today. The Nuveen Select Tax-Free Incom Portfolio 3 stock 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 £182.79 and £182.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 13.61%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Nuveen Select Tax-Free Incom Portfolio 3 stock
Nuveen Select Tax-Free Incom Portfolio 3 finds support from accumulated volume at £185.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £9.00 between high and low, or 4.84%. For the last week, the stock has had daily average volatility of 5.50%.
Our recommended stop-loss: £184.78 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (NXR.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Nuveen Select Tax-Free Incom Portfolio 3 to open at £191.00, and during the day (based on 14 day Average True Range), to move between £183.52 and £200.48, which gives a possible trading interval of +/-£8.48 (+/-4.42%) up or down from last closing price. If Nuveen Select Tax-Free Incom Portfolio 3 takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £185.00, some £7.00 (3.65%) from the current price of £192.00, our system finds the risk reward attractive.
Is Nuveen Select Tax-Free Incom Portfolio 3 stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.163 Buy Candidate Upgraded
Predicted Opening Price for Nuveen Select Tax-Free Incom Portfolio 3 of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £191.00 ( 0.521%) | £192.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NXR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 200.00 | 4.17 % | |
| R2 | 196.56 | 2.38 % | ||
| R1 | 194.44 | 1.27 % | ||
| Current price: | 192.00 | |||
| Support | S1 | 187.56 | -2.31 % | |
| S2 | 185.44 | -3.42 % | ||
| S3 | 182.00 | -5.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 192.00 | |||
| Support | S1 | 185.00 | -3.65% | |
| S2 | 183.50 | -4.43% | ||
| S3 | 177.00 | -7.81% |
NXR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £0 | 0% |
| 2 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £6.80 | 4.00% |
| 3 | Nov 09, 2022 | Nov 24, 2022 | Jan 10, 2023 | £3.40 | 1.79% |
| 4 | Jun 09, 2022 | Jun 23, 2022 | Jul 29, 2022 | £6.90 | 3.09% |
| 5 | Nov 11, 2021 | Nov 25, 2021 | Jan 11, 2022 | £3.10 | 0.99% |
FAQ
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