NTC Forecast and Technical Stock Analysis
Buy candidate since 2019-08-13 Loss -0.37%
Nuveen Connecticut Premium Income Municipal Fund fell by -0.30% in the last day ( Friday, 16th Aug 2019 ) from $13.51 to $13.47 During the day the stock fluctuated 0.45% from a day low at $13.44 to a day high of $13.50. The price has fallen in 5 of the last 10 days and is down by -0.35% for this period. Volume has increased in the last day by 26 049 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, 57 375 shares bought and sold for approximately $772 841.00.
- 30 day high of the NTC stock price was $13.58 and low was $13.13.
- 90 day high was $13.58 and low was $12.55.
- 52 week high for Nuveen Connecticut Premium Income Municipal Fund - $13.58 and low - $11.01.
Nuveen Connecticut Premium Income Municipal Fund lies in the middle of a narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5% during the next 3 months and, with 90% probability hold a price between $13.91 and $14.33 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday August 09, 2019, which indicates further falls until a new bottom pivot has been found. Nuveen Connecticut Premium Income Municipal 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-offs". Nuveen Connecticut Premium Income Municipal Fund holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $13.52. On a fall, the stock will find some support from the long-term average at approximately $13.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 67 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Nuveen Connecticut Premium Income Municipal Fund finds support from accumulated volume at $13.09.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.06 (0.45%) between high and low. For the last week, the stock has had daily average volatility of 0.39%.
Our recommended stop-loss: $13.08 (-2.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 5 day(s) ago.)
0.39 %Average volatility
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!