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 NZF
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Nuveen Enhanced Municipal Credit stock price ended at $12.24 on Thursday, after gaining 0.575%.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 15, 2024 Gain 2.94% PDF

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.

Buy
Special Signal Notification

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.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation

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


# Declaration Date 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

What is the symbol for Nuveen Enhanced Municipal Credit Opportunities Fund Stock and on which exchange is it traded?
The symbol for Nuveen Enhanced Municipal Credit Opportunities Fund is NZF and it is traded on the NYSEMKT (NYSE American).

Should I buy or sell Nuveen Enhanced Municipal Credit Opportunities Fund Stock?
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.

How to buy Nuveen Enhanced Municipal Credit Opportunities Fund Stock?
Nuveen Enhanced Municipal Credit Opportunities 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 Enhanced Municipal Credit Opportunities Fund Stock.

What's the current price of Nuveen Enhanced Municipal Credit Opportunities Fund Stock?
As of the end of day on the 2024-03-28, the price of an Nuveen Enhanced Municipal Credit Opportunities Fund (NZF) share was $12.24.

What is the 52-week high and low for Nuveen Enhanced Municipal Credit Opportunities Fund Stock?
The 52-week high for Nuveen Enhanced Municipal Credit Opportunities Fund Stock is $12.29 and the 52-week low is $9.82.

What is the market capitalization of Nuveen Enhanced Municipal Credit Opportunities Fund Stock?
As of the 2024-03-28, the market capitalization of Nuveen Enhanced Municipal Credit Opportunities Fund is 2.371B.
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About Nuveen Enhanced Municipal Credit Opportunities Fund

Nuveen Municipal Credit 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 the United States. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes. It seeks to invest in investment grade... NZF Profile

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