Nuveen High Income December 2019 Target 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
Red day on Wednesday for Nuveen High Income December 2019 Target stock after losing 1.48%
(Updated on Apr 24, 2024)
The Nuveen High Income December 2019 Target stock price fell by -1.48% on the last day (Wednesday, 24th Apr 2024) from £203.00 to £200.00. During the last trading day the stock fluctuated 3.57% from a day low at £196.00 to a day high of £203.00. The price has been going up and down for this period, and there has been a 1.78% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -575 thousand shares and in total, 157 thousand shares were bought and sold for approximately £31.48 million.
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 High Income December 2019 Target stock with a 90% probability to be traded between £191.09 and £208.18 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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JHD.L Signals & Forecast
The Nuveen High Income December 2019 Target 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 £197.50 and £195.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.90%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Nuveen High Income December 2019 Target stock
Nuveen High Income December 2019 Target finds support from accumulated volume at £198.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £7.00 (3.57%) between high and low. For the last week, the stock has had daily average volatility of 4.03%.
Our recommended stop-loss: £190.70 (-4.65%) (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 (JHD.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Nuveen High Income December 2019 Target Term Fund Com to open at £199.67, and during the day (based on 14 day Average True Range), to move between £191.82 and £208.18, which gives a possible trading interval of +/-£8.18 (+/-4.09%) up or down from last closing price. If Nuveen High Income December 2019 Target Term Fund Com takes out the full calculated possible swing range there will be an estimated 8.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £201.00 (0.50%) than the support at £198.00 (1.00%), 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 High Income December 2019 Target Term Fund Com 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 High Income December 2019 Target stock to perform well in the short-term period.
Current score: 2.282 Buy Candidate Unchanged
Predicted Opening Price for Nuveen High Income December 2019 Target Term Fund Com of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £199.67 ( 0.167%) | £200.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHD.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 206.67 | 3.33 % | |
| R2 | 203.99 | 2.00 % | ||
| R1 | 202.34 | 1.17 % | ||
| Current price: | 200.00 | |||
| Support | S1 | 196.99 | -1.50 % | |
| S2 | 195.34 | -2.33 % | ||
| S3 | 192.67 | -3.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.00 | 1.50 % | |
| R2 | 202.00 | 1.00 % | ||
| R1 | 201.00 | 0.500 % | ||
| Current price | 200.00 | |||
| Support | S1 | 198.00 | -1.00% | |
| S2 | 197.00 | -1.50% | ||
| S3 | 192.00 | -4.00% |
JHD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | Jun 14, 2024 | £2.50 | 1.25% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0 | 0% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £2.25 | 1.09% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | £5.50 | 2.71% |
| 5 | Mar 31, 2022 | May 05, 2022 | Jun 10, 2022 | £2.25 | 0.98% |
FAQ
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