Nuveen Global High Income Fund Shs Stock Forecast
Nuveen Global High Income Fund Shs stock price ended at $12.92 on Wednesday, after gaining 2.09%.
(Updated on Mar 27, 2024)
The Nuveen Global High Income Fund Shs stock price gained 2.09% on the last trading day (Wednesday, 27th Mar 2024), rising from $12.66 to $12.92. During the last trading day the stock fluctuated 1.65% from a day low at $12.71 to a day high of $12.92. The price has been going up and down for this period, and there has been a 1.57% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 90 thousand shares were bought and sold for approximately $1.17 million.
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 4.18% during the next 3 months and, with a 90% probability hold a price between $12.88 and $13.66 at the end of this 3-month period.
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JGH Signals & Forecast
The Nuveen Global High Income Fund Shs 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 $12.69 and $12.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 16, 2024, and so far it has risen 4.28%. Further rise is indicated until a new top pivot has been found. Nuveen Global High Income Fund Shs has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Nuveen Global High Income Fund Shs stock
Nuveen Global High Income Fund Shs finds support from accumulated volume at $12.82 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.210 between high and low, or 1.65%. For the last week the stock has had daily average volatility of 0.91%.
Our recommended stop-loss: $12.25 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (JGH) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Nuveen Global High Income Fund Shs to open at $12.85, and during the day (based on 14 day Average True Range), to move between $12.79 and $13.05, which gives a possible trading interval of +/-$0.132 (+/-1.02%) up or down from last closing price. If Nuveen Global High Income Fund Shs takes out the full calculated possible swing range there will be an estimated 2.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $12.82, some $0.1000 (0.77%) from the current price of $12.92, our system finds the risk reward attractive.
Is Nuveen Global High Income Fund Shs stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nuveen Global High Income Fund Shs stock to perform well in the short-term.
Current score: 3.365 Buy Candidate Unchanged
Predicted Opening Price for Nuveen Global High Income Fund Shs of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.85 ( 0.542%) | $12.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JGH
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.06 | 1.08 % | |
R2 | 12.98 | 0.463 % | ||
R1 | 12.93 | 0.0791 % | ||
Current price: | 12.92 | |||
Support | S1 | 12.77 | -1.16 % | |
S2 | 12.72 | -1.55 % | ||
S3 | 12.64 | -2.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 12.92 | |||
Support | S1 | 12.82 | -0.774% | |
S2 | 12.70 | -1.70% | ||
S3 | 12.61 | -2.40% |
JGH Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.104 | 0.80% |
2 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.104 | 0.81% |
3 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.104 | 0.81% |
4 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.104 | 0.85% |
5 | Nov 01, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.104 | 0.91% |
FAQ
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