Nuveen Enhanced Municipal Credit Stock Forecast
Nuveen Enhanced Municipal Credit stock price ended at $12.24 on Thursday, after gaining 0.575%.
(Updated on Mar 28, 2024)
The Nuveen Enhanced Municipal Credit stock price gained 0.575% on the last trading day (Thursday, 28th Mar 2024), rising from $12.17 to $12.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.761% from a day low at $12.16 to a day high of $12.25. The price has risen in 7 of the last 10 days and is up by 2.6% 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, 274 thousand more shares were traded than the day before. In total, 606 thousand shares were bought and sold for approximately $7.42 million.
The stock 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 2.98% during the next 3 months and, with a 90% probability hold a price between $12.15 and $12.75 at the end of this 3-month period.
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NZF Signals & Forecast
The Nuveen Enhanced Municipal Credit stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.11 and $11.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 2.60%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, July 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 Wednesday, July 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 Enhanced Municipal Credit stock
Nuveen Enhanced Municipal Credit finds support from accumulated volume at $11.93 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 $0.0925 between high and low, or 0.761%. For the last week the stock has had daily average volatility of 0.488%.
Our recommended stop-loss: $11.59 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (NZF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Nuveen Enhanced Municipal Credit Opportunities Fund to open at $12.22, and during the day (based on 14 day Average True Range), to move between $12.15 and $12.33, which gives a possible trading interval of +/-$0.0891 (+/-0.73%) up or down from last closing price. If Nuveen Enhanced Municipal Credit Opportunities 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.
With no resistance above and support from accumulated volume @ $11.93, some $0.310 (2.53%) from the current price of $12.24, our system finds the risk reward attractive.
Is Nuveen Enhanced Municipal Credit Opportunities Fund stock A Buy?
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 Nuveen Enhanced Municipal Credit stock to perform well in the short-term.
Current score: 4.523 Buy Candidate Unchanged
Predicted Opening Price for Nuveen Enhanced Municipal Credit Opportunities Fund of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$12.22 ( 0.197%) | $12.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NZF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.31 | 0.558 % | |
R2 | 12.27 | 0.270 % | ||
R1 | 12.25 | 0.0912 % | ||
Current price: | 12.24 | |||
Support | S1 | 12.18 | -0.486 % | |
S2 | 12.16 | -0.664 % | ||
S3 | 12.12 | -0.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 12.24 | |||
Support | S1 | 11.93 | -2.53% | |
S2 | 11.87 | -3.02% | ||
S3 | 11.85 | -3.19% |
NZF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Apr 01, 2024 | $0.0575 | 0.470% |
2 | Feb 01, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.0515 | 0.430% |
3 | Jan 02, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.0515 | 0.429% |
4 | Dec 01, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.0515 | 0.436% |
5 | Oct 23, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.0520 | 0.447% |
FAQ
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