NTC stock forecast Nuveen Connecticut Premium Income Municipal Fund

NTC stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

NTC Forecast and Technical Stock Analysis

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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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

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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.

Support: $13.09 Price: $13.47 Resistance: $13.50

Risk

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

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Will NTC stock price go up or down on Mon, 19 Aug 2019?

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