Nuveen Core Equity Alpha Fund Stock Forecast
Nuveen Core Equity Alpha Fund stock price up 0.577% on Wednesday
(Updated on Mar 27, 2024)
The Nuveen Core Equity Alpha Fund stock price gained 0.577% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.87 to $13.95. During the last trading day the stock fluctuated 0.793% from a day low at $13.87 to a day high of $13.98. The price has risen in 6 of the last 10 days but is still down by -2.24% for this period. Volume fell on the last day by -9 thousand shares and in total, 63 thousand shares were bought and sold for approximately $877.94 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 stock 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 stock is expected to rise 6.46% during the next 3 months and, with a 90% probability hold a price between $14.52 and $15.34 at the end of this 3-month period.
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JCE Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -2.24%. 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 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Nuveen Core Equity Alpha Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock 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 $13.82 and $13.83. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Friday, February 02, 2024 in the short-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 stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 02, 2024 in the short-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 stock in question.
Support, Risk & Stop-loss for Nuveen Core Equity Alpha Fund stock
Nuveen Core Equity Alpha Fund finds support from accumulated volume at $13.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock 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 stock During the last day, the stock moved $0.110 between high and low, or 0.793%. For the last week the stock has had daily average volatility of 0.739%
Our recommended stop-loss: $13.39 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (JCE) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Nuveen Core Equity Alpha Fund to open at $13.93, and during the day (based on 14 day Average True Range), to move between $13.80 and $14.10, which gives a possible trading interval of +/-$0.152 (+/-1.09%) up or down from last closing price. If Nuveen Core Equity Alpha Fund takes out the full calculated possible swing range there will be an estimated 2.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.98 (0.22%) than the support at $13.80 (1.08%), 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 Core Equity Alpha Fund stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.266 Buy Candidate Unchanged
Predicted Opening Price for Nuveen Core Equity Alpha Fund of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$13.93 ( 0.119%) | $13.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JCE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.04 | 0.669 % | |
R2 | 14.00 | 0.368 % | ||
R1 | 13.98 | 0.182 % | ||
Current price: | 13.95 | |||
Support | S1 | 13.89 | -0.421 % | |
S2 | 13.87 | -0.607 % | ||
S3 | 13.82 | -0.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.27 | 2.29 % | |
R2 | 14.01 | 0.430 % | ||
R1 | 13.98 | 0.215 % | ||
Current price | 13.95 | |||
Support | S1 | 13.80 | -1.08% | |
S2 | 13.79 | -1.15% | ||
S3 | 13.26 | -4.95% |
JCE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.320 | 2.29% |
2 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.320 | 2.36% |
3 | Sep 01, 2023 | Sep 14, 2023 | Oct 02, 2023 | $0.320 | 2.58% |
4 | Jun 01, 2023 | Jun 14, 2023 | Jul 03, 2023 | $0.320 | 2.51% |
5 | Mar 01, 2023 | Mar 14, 2023 | Apr 03, 2023 | $0.320 | 2.58% |
FAQ
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