NYSE:JMT
Delisted

Nuveen Mortgage Opportunity Term Fund 2 Fund Forecast

$22.05
+0 (+0%)
At Close: Jan 27, 2020
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Nuveen Mortgage Opportunity Term Fund 2 fund upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jan 27, 2020)

Hold candidate since Jan 27, 2020 PDF

No changes to the price of Nuveen Mortgage Opportunity Term Fund 2 fund on the last trading day (Monday, 27th Jan 2020). During the last trading day the fund fluctuated 0% from a day low at $22.05 to a day high of $22.05. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.

The fund is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Nuveen Mortgage Opportunity Term Fund 2 fund with a 90% probability to be traded between $21.68 and $21.96 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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JMT Signals & Forecast

The Nuveen Mortgage Opportunity Term Fund 2 fund 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 $22.05 and $22.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, December 10, 2019, and so far it has risen 0.0908%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Nuveen Mortgage Opportunity Term Fund 2 fund

Nuveen Mortgage Opportunity Term Fund 2 finds support from accumulated volume at $22.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $20.73 (-5.98%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (JMT) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Nuveen Mortgage Opportunity Term Fund 2 to open at $22.05, and during the day (based on 14 day Average True Range), to move between $22.04 and $22.06, which gives a possible trading interval of +/-$0.0132 (+/-0.06%) up or down from last closing price. If Nuveen Mortgage Opportunity Term Fund 2 takes out the full calculated possible swing range there will be an estimated 0.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.04 (0.05%) than the resistance at $22.09 (0.18%), 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 Mortgage Opportunity Term Fund 2 fund A Buy?

Nuveen Mortgage Opportunity Term Fund 2 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. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.192 Hold/Accumulate Upgraded

Predicted Opening Price for Nuveen Mortgage Opportunity Term Fund 2 of Tuesday, January 28, 2020

Fair opening price January 28, 2020 Current price
$22.05 ( 0%) $22.05

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

Trading levels for JMT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.05 .
R2 22.05 .
R1 22.05 .
Current price: 22.05
Support S1 22.05 .
S2 22.05 .
S3 22.05 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.20 0.658 %
R2 22.10 0.227 %
R1 22.09 0.181 %
Current price 22.05
Support S1 22.04 -0.0454%
S2 22.03 -0.0907%
S3 22.01 -0.181%

FAQ

What is the symbol for Nuveen Mortgage Opportunity Term Fund 2 Fund and on which exchange is it traded?
The symbol for Nuveen Mortgage Opportunity Term Fund 2 is JMT and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nuveen Mortgage Opportunity Term Fund 2 Fund?
Nuveen Mortgage Opportunity Term Fund 2 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. We have upgraded our analysis conclusion for this fund since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Nuveen Mortgage Opportunity Term Fund 2 Fund?
Nuveen Mortgage Opportunity Term Fund 2 Fund can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nuveen Mortgage Opportunity Term Fund 2 Fund.

What's the current price of Nuveen Mortgage Opportunity Term Fund 2 Fund?
As of the end of day on the 2020-01-27, the price of an Nuveen Mortgage Opportunity Term Fund 2 (JMT) share was $22.05.

What is the 52-week high and low for Nuveen Mortgage Opportunity Term Fund 2 Fund?
The 52-week high for Nuveen Mortgage Opportunity Term Fund 2 Fund is $24.10 and the 52-week low is $21.95.
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