RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NAC
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Green day on Wednesday for Nuveen California Dividend Advantage stock after gaining 0.182%
(Updated on Mar 27, 2024)

Hold candidate since Mar 25, 2024 Gain 0.55% PDF

The Nuveen California Dividend Advantage stock price gained 0.182% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.01 to $11.03. During the last trading day the stock fluctuated 0.454% from a day low at $11.01 to a day high of $11.06. The price has fallen in 6 of the last 10 days and is down by -1.25% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 49 thousand more shares were traded than the day before. In total, 396 thousand shares were bought and sold for approximately $4.37 million.

The stock 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 California Dividend Advantage stock with a 90% probability to be traded between $10.90 and $11.25 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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NAC Signals & Forecast

The Nuveen California Dividend Advantage stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $11.01 and $11.03. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 13, 2024, and so far it has fallen -1.25%. 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). The stock had a Golden Star Signal on Tuesday, July 18, 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 Tuesday, July 18, 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.

Support, Risk & Stop-loss for Nuveen California Dividend Advantage stock

Nuveen California Dividend Advantage finds support from accumulated volume at $11.01 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 0.454%. For the last week the stock has had daily average volatility of 0.692%.

Our recommended stop-loss: $10.54 (-4.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (NAC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Nuveen California Dividend Advantage Municipal Fund to open at $11.03, and during the day (based on 14 day Average True Range), to move between $10.95 and $11.11, which gives a possible trading interval of +/-$0.0803 (+/-0.73%) up or down from last closing price. If Nuveen California Dividend Advantage Municipal Fund takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.01 (0.18%) than the resistance at $11.05 (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 California Dividend Advantage Municipal Fund stock A Buy?

Nuveen California Dividend Advantage 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.

Current score: 0.749 Hold/Accumulate Unchanged

Predicted Opening Price for Nuveen California Dividend Advantage Municipal Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.03 ( 0.0302%) $11.03

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

Trading levels for NAC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.08 0.484 %
R2 11.06 0.310 %
R1 11.05 0.203 %
Current price: 11.03
Support S1 11.01 -0.143 %
S2 11.00 -0.250 %
S3 10.98 -0.423 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 11.14 1.00 %
R2 11.09 0.544 %
R1 11.05 0.181 %
Current price 11.03
Support S1 11.01 -0.181%
S2 11.00 -0.272%
S3 10.95 -0.725%

NAC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 14, 2024 Mar 14, 2024 Apr 01, 2024 $0.0490 0.444%
2 Feb 01, 2024 Feb 14, 2024 Mar 01, 2024 $0.0435 0.394%
3 Jan 02, 2024 Jan 11, 2024 Feb 01, 2024 $0.0435 0.392%
4 Dec 01, 2023 Dec 14, 2023 Dec 29, 2023 $0.0435 0.392%
5 Oct 23, 2023 Nov 14, 2023 Dec 01, 2023 $0.0440 0.411%

FAQ

What is the symbol for Nuveen California Dividend Advantage Municipal Fund Stock and on which exchange is it traded?
The symbol for Nuveen California Dividend Advantage Municipal Fund is NAC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nuveen California Dividend Advantage Municipal Fund Stock?
Nuveen California Dividend Advantage 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.

How to buy Nuveen California Dividend Advantage Municipal Fund Stock?
Nuveen California Dividend Advantage Municipal Fund 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 California Dividend Advantage Municipal Fund Stock.

What's the current price of Nuveen California Dividend Advantage Municipal Fund Stock?
As of the end of day on the 2024-03-27, the price of an Nuveen California Dividend Advantage Municipal Fund (NAC) share was $11.03.

What is the 52-week high and low for Nuveen California Dividend Advantage Municipal Fund Stock?
The 52-week high for Nuveen California Dividend Advantage Municipal Fund Stock is $11.20 and the 52-week low is $9.32.

What is the market capitalization of Nuveen California Dividend Advantage Municipal Fund Stock?
As of the 2024-03-27, the market capitalization of Nuveen California Dividend Advantage Municipal Fund is 1.594B.
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About Nuveen California Dividend Advantage Municipal Fund

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invest... NAC Profile

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