Nuveen Mortgage Opportunity Term Fund Stock Forecast
Nuveen Mortgage Opportunity Term Fund stock downgraded to Sell Candidate
(Updated on Apr 23, 2024)
The Nuveen Mortgage Opportunity Term Fund stock price gained 0.403% on the last trading day (Tuesday, 23rd Apr 2024), rising from $17.39 to $17.46. During the last trading day the stock fluctuated 0.87% from a day low at $17.32 to a day high of $17.47. The price has been going up and down for this period, and there has been a -1.02% loss for the last 2 weeks. Volume fell on the last day by -810 shares and in total, 8 thousand shares were bought and sold for approximately $145.01 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 4.93% during the next 3 months and, with a 90% probability hold a price between $18.04 and $19.17 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JLS Signals & Forecast
There are mixed signals in the stock today. The Nuveen Mortgage Opportunity Term Fund 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 $17.61. On a fall, the stock will find some support from the short-term average at $17.30. 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 Monday, April 15, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Nuveen Mortgage Opportunity Term Fund stock
Nuveen Mortgage Opportunity Term Fund finds support from accumulated volume at $17.38 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 $0.150 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 0.577%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JLS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Nuveen Mortgage Opportunity Term Fund to open at $17.42, and during the day (based on 14 day Average True Range), to move between $17.30 and $17.62, which gives a possible trading interval of +/-$0.159 (+/-0.91%) up or down from last closing price. If Nuveen Mortgage Opportunity Term Fund takes out the full calculated possible swing range there will be an estimated 1.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.49 (0.17%) than the support at $17.38 (0.46%), 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 Mortgage Opportunity Term Fund stock A Buy?
Nuveen Mortgage Opportunity Term Fund holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.161 Sell Candidate Downgraded
Predicted Opening Price for Nuveen Mortgage Opportunity Term Fund of Wednesday, April 24, 2024
Fair opening price April 24, 2024 | Current price |
---|---|
$17.42 ( 0.248%) | $17.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JLS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.57 | 0.611 % | |
R2 | 17.51 | 0.283 % | ||
R1 | 17.47 | 0.0800 % | ||
Current price: | 17.46 | |||
Support | S1 | 17.36 | -0.576 % | |
S2 | 17.32 | -0.779 % | ||
S3 | 17.27 | -1.11 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 17.80 | 1.95 % | |
R2 | 17.75 | 1.66 % | ||
R1 | 17.49 | 0.172 % | ||
Current price | 17.46 | |||
Support | S1 | 17.38 | -0.458% | |
S2 | 16.85 | -3.49% | ||
S3 | 16.70 | -4.35% |
JLS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.142 | 0.81% |
2 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.142 | 0.799% |
3 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.142 | 0.81% |
4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.142 | 0.85% |
5 | Dec 15, 2023 | Dec 26, 2023 | Dec 29, 2023 | $0.0566 | 0.335% |
FAQ
Click here for our free guide on how to buy Nuveen Mortgage Opportunity Term Fund Stock.