Nuveen Global High Income Fund Shs Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Tuesday for Nuveen Global High Income Fund Shs
(Updated on Apr 23, 2024)
The Nuveen Global High Income Fund Shs stock price gained 1.13% on the last trading day (Tuesday, 23rd Apr 2024), rising from $12.35 to $12.49. It has now gained 5 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 1.38% from a day low at $12.32 to a day high of $12.49. The price has been going up and down for this period, and there has been a -3.55% loss for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 47 thousand shares were bought and sold for approximately $592.84 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen Global High Income Fund Shs stock with a 90% probability to be traded between $12.23 and $13.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JGH Signals & Forecast
There are mixed signals in the stock today. The Nuveen Global High Income Fund Shs stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.64. On a fall, the stock will find some support from the short-term average at $12.27. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.55%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Nuveen Global High Income Fund Shs stock
Nuveen Global High Income Fund Shs finds support from accumulated volume at $12.45 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 controlled movements and therefore the general risk is considered 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 $0.170 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: $11.87 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (JGH) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Nuveen Global High Income Fund Shs to open at $12.43, and during the day (based on 14 day Average True Range), to move between $12.33 and $12.65, which gives a possible trading interval of +/-$0.159 (+/-1.27%) 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 2.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.45 (0.32%) than the resistance at $12.60 (0.88%), 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 Global High Income Fund Shs stock A Buy?
Several short-term signals 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 period.
Current score: 2.247 Buy Candidate Unchanged
Predicted Opening Price for Nuveen Global High Income Fund Shs of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $12.43 ( 0.454%) | $12.49 |
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 | 12.60 | 0.91 % | |
| R2 | 12.54 | 0.387 % | ||
| R1 | 12.50 | 0.0662 % | ||
| Current price: | 12.49 | |||
| Support | S1 | 12.37 | -0.97 % | |
| S2 | 12.33 | -1.29 % | ||
| S3 | 12.26 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.82 | 2.64 % | |
| R2 | 12.70 | 1.68 % | ||
| R1 | 12.60 | 0.88 % | ||
| Current price | 12.49 | |||
| Support | S1 | 12.45 | -0.320% | |
| S2 | 12.44 | -0.400% | ||
| S3 | 12.39 | -0.80% |
JGH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.104 | 0.83% |
| 2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.104 | 0.797% |
| 3 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.104 | 0.81% |
| 4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.104 | 0.81% |
| 5 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.104 | 0.85% |
FAQ
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