Nuveen Real Asset Income and Growth Fund Stock Forecast
Nuveen Real Asset Income and Growth Fund stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)
The Nuveen Real Asset Income and Growth Fund stock price fell by -0.753% on the last day (Thursday, 28th Mar 2024) from $11.95 to $11.86. During the last trading day the stock fluctuated 0.93% from a day low at $11.85 to a day high of $11.96. The price has risen in 7 of the last 10 days and is up by 4.49% 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 -35 thousand shares and in total, 89 thousand shares were bought and sold for approximately $1.05 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $11.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.50% during the next 3 months and, with a 90% probability hold a price between $10.96 and $11.65 at the end of this 3-month period. 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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JRI Signals & Forecast
The Nuveen Real Asset Income and Growth Fund 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 $11.71 and $11.52. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -0.753%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-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.
Support, Risk & Stop-loss for Nuveen Real Asset Income and Growth Fund stock
Nuveen Real Asset Income and Growth Fund finds support from accumulated volume at $11.69 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 $0.110 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.26%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JRI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nuveen Real Asset Income and Growth Fund to open at $11.89, and during the day (based on 14 day Average True Range), to move between $11.74 and $11.98, which gives a possible trading interval of +/-$0.118 (+/-1.00%) up or down from last closing price. If Nuveen Real Asset Income and Growth Fund takes out the full calculated possible swing range there will be an estimated 1.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.87 (0.08%) than the support at $11.69 (1.43%), 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 Real Asset Income and Growth Fund stock A Buy?
Nuveen Real Asset Income and Growth 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: -1.429 Sell Candidate Downgraded
Predicted Opening Price for Nuveen Real Asset Income and Growth Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$11.89 ( 0.253%) | $11.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.00 | 1.18 % | |
R2 | 11.96 | 0.83 % | ||
R1 | 11.93 | 0.607 % | ||
Current price: | 11.86 | |||
Support | S1 | 11.85 | -0.101 % | |
S2 | 11.82 | -0.320 % | ||
S3 | 11.78 | -0.675 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.95 | 0.759 % | |
R2 | 11.93 | 0.590 % | ||
R1 | 11.87 | 0.0843 % | ||
Current price | 11.86 | |||
Support | S1 | 11.69 | -1.43% | |
S2 | 11.49 | -3.12% | ||
S3 | 11.41 | -3.79% |
JRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.100 | 0.84% |
2 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.100 | 0.87% |
3 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.100 | 0.84% |
4 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.100 | 0.85% |
5 | Nov 01, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.0870 | 0.771% |
FAQ
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