Nuveen Tax-Advantaged Dividend Growth Fund Stock Analysis
Technical stock analysis for Tue 11'th Dec 2018
|Shorts||1.70% ( 2013-01-15 )|
Nuveen Tax-Advantaged Dividend Growth Fund fell by -0.52% in the last day from $15.24 to $15.16 and has now fallen 6 days in a row. The price has fallen in 6 of the last 10 days and is down by -2.07% for this period. Volume has increased in the last day by 26 112 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 77 168 shares bought and sold for approximately $1.17 million.
Nuveen Tax-Advantaged Dividend Growth Fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.46% during the next 3 months and, with 90% probability hold a price between $12.07 and $13.75 at the end of this period.
There are few to none technical positive signals at the moment. Nuveen Tax-Advantaged Dividend Growth Fund holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $15.60 and $15.66. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday December 03, 2018, which indicates further falls until a new bottom pivot has been found. Nuveen Tax-Advantaged Dividend Growth Fund gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 41 and the stock is currently not being overbought or oversold
Support & Resistance
Nuveen Tax-Advantaged Dividend Growth Fund finds support from accumulated volume at $15.10.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.65 (4.43%) between high and low. For the last week, the stock has had a daily average volatility of 4.26%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Nuveen Tax-Advantaged Dividend Growth Fund holds several negative signals and is within a wide and falling trend, so we believe 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 recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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