Nuveen Select Maturities Municipal Fund Stock Forecast
Stronger technical forecast for Nuveen Select Maturities Municipal Fund stock price after Friday trading.
(Updated on Apr 19, 2024)
The Nuveen Select Maturities Municipal Fund stock price gained 0.794% on the last trading day (Friday, 19th Apr 2024), rising from $8.82 to $8.89. During the last trading day the stock fluctuated 1.81% from a day low at $8.81 to a day high of $8.97. The price has risen in 5 of the last 10 days and is up by 0.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $180.26 thousand.
The stock lies in the middle of a narrow 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 -2.38% during the next 3 months and, with a 90% probability hold a price between $8.61 and $8.84 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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NIM Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.794%. Further rise is indicated until a new top pivot has been found. Nuveen Select Maturities Municipal Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Nuveen Select Maturities Municipal Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.92. On a fall, the stock will find some support from the short-term average at $8.88. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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, December 12, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 12, 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 Select Maturities Municipal Fund stock
Nuveen Select Maturities Municipal Fund finds support from accumulated volume at $8.88 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.159 between high and low, or 1.81%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: $8.37 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (NIM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Nuveen Select Maturities Municipal Fund to open at $8.89, and during the day (based on 14 day Average True Range), to move between $8.78 and $9.00, which gives a possible trading interval of +/-$0.114 (+/-1.29%) up or down from last closing price. If Nuveen Select Maturities Municipal Fund takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.88 (0.11%) than the resistance at $8.96 (0.79%), 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 Select Maturities Municipal Fund stock A Buy?
Nuveen Select Maturities Municipal Fund 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 stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.157 Hold/Accumulate Upgraded
Predicted Opening Price for Nuveen Select Maturities Municipal Fund of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$8.89 ( 0.0022%) | $8.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NIM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.05 | 1.80 % | |
R2 | 8.99 | 1.11 % | ||
R1 | 8.95 | 0.687 % | ||
Current price: | 8.89 | |||
Support | S1 | 8.83 | -0.683 % | |
S2 | 8.79 | -1.11 % | ||
S3 | 8.73 | -1.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.06 | 1.91 % | |
R2 | 9.00 | 1.24 % | ||
R1 | 8.96 | 0.787 % | ||
Current price | 8.89 | |||
Support | S1 | 8.88 | -0.112% | |
S2 | 8.86 | -0.337% | ||
S3 | 8.85 | -0.450% |
NIM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 01, 2024 | Apr 12, 2024 | May 01, 2024 | $0.0260 | 0.292% |
2 | Mar 01, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0260 | 0.290% |
3 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.0260 | 0.293% |
4 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0260 | 0.282% |
5 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0260 | 0.295% |
FAQ
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