RSI low/high Values: [ 25 - 75 ]
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AI Analysis of JMM
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Nuveen Multi Market Income Fund Inc stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 26, 2024 Gain 3.57% PDF

The Nuveen Multi Market Income Fund Inc stock price fell by -0.164% on the last day (Thursday, 28th Mar 2024) from $6.10 to $6.09. During the last trading day the stock fluctuated 0.83% from a day low at $6.06 to a day high of $6.11. The price has risen in 5 of the last 10 days and is up by 0.83% over the past 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 -5 thousand shares and in total, 8 thousand shares were bought and sold for approximately $49.09 thousand.

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 2.47% during the next 3 months and, with a 90% probability hold a price between $6.02 and $6.34 at the end of this 3-month period.

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JMM Signals & Forecast

The Nuveen Multi Market Income Fund Inc 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 $6.06 and $5.99. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.164%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-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.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should fall by -7.16% to $5.65 within 38 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for Nuveen Multi Market Income Fund Inc stock

Nuveen Multi Market Income Fund Inc finds support from accumulated volume at $5.88 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 $0.0501 between high and low, or 0.83%. For the last week the stock has had daily average volatility of 0.784%

Our recommended stop-loss: $5.86 (-3.76%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (JMM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nuveen Multi Market Income Fund Inc to open at $6.09, and during the day (based on 14 day Average True Range), to move between $6.05 and $6.13, which gives a possible trading interval of +/-$0.0439 (+/-0.72%) up or down from last closing price. If Nuveen Multi Market Income Fund Inc takes out the full calculated possible swing range there will be an estimated 1.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.10 (0.10%) than the support at $5.88 (3.45%), 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 Multi Market Income Fund Inc stock A Buy?

Nuveen Multi Market Income Fund Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.845 Hold/Accumulate Downgraded

Predicted Opening Price for Nuveen Multi Market Income Fund Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.09 ( 0.0542%) $6.09

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for JMM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.14 0.768 %
R2 6.12 0.454 %
R1 6.11 0.260 %
Current price: 6.09
Support S1 6.07 -0.368 %
S2 6.06 -0.563 %
S3 6.04 -0.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 6.10 0.164 %
R1 6.10 0.0985 %
Current price 6.09
Support S1 5.88 -3.45%
S2 5.87 -3.61%
S3 5.82 -4.43%

JMM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 01, 2024 Mar 14, 2024 Apr 01, 2024 $0.0275 0.452%
2 Feb 01, 2024 Feb 14, 2024 Mar 01, 2024 $0.0275 0.459%
3 Jan 02, 2024 Jan 11, 2024 Feb 01, 2024 $0.0275 0.451%
4 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.0275 0.465%
5 Nov 01, 2023 Nov 14, 2023 Dec 01, 2023 $0.0280 0.487%

FAQ

What is the symbol for Nuveen Multi Market Income Fund Inc Stock and on which exchange is it traded?
The symbol for Nuveen Multi Market Income Fund Inc is JMM and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nuveen Multi Market Income Fund Inc Stock?
Nuveen Multi Market Income Fund Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Nuveen Multi Market Income Fund Inc Stock?
Nuveen Multi Market Income Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nuveen Multi Market Income Fund Inc Stock.

What's the current price of Nuveen Multi Market Income Fund Inc Stock?
As of the end of day on the 2024-03-28, the price of an Nuveen Multi Market Income Fund Inc (JMM) share was $6.09.

What is the 52-week high and low for Nuveen Multi Market Income Fund Inc Stock?
The 52-week high for Nuveen Multi Market Income Fund Inc Stock is $6.12 and the 52-week low is $5.29.

What is the market capitalization of Nuveen Multi Market Income Fund Inc Stock?
As of the 2024-03-28, the market capitalization of Nuveen Multi Market Income Fund Inc is 57.626M.
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