Nuveen High Income December 2019 Target Stock Forecast

Nuveen High Income December 2019 Target stock price down 0% on Friday
(Updated on Apr 19, 2024)

JHD.L Signals & Forecast

The Nuveen High Income December 2019 Target stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at £195.21 and £195.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.34%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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).

Support, Risk & Stop-loss for Nuveen High Income December 2019 Target stock

Nuveen High Income December 2019 Target finds support from accumulated volume at £196.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 £6.00 (3.06%) between high and low. For the last week, the stock has had daily average volatility of 4.39%.

Our recommended stop-loss: £186.60 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (JHD.L) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Nuveen High Income December 2019 Target Term Fund Com to open at £198.33, and during the day (based on 14 day Average True Range), to move between £188.74 and £205.26, which gives a possible trading interval of +/-£8.26 (+/-4.20%) up or down from last closing price. If Nuveen High Income December 2019 Target Term Fund Com takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £196.50 (0.25%) than the resistance at £198.00 (0.51%), 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 High Income December 2019 Target Term Fund Com stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Nuveen High Income December 2019 Target stock to perform well in the short-term period.

Current score: 1.740 Buy Candidate Unchanged

Predicted Opening Price for Nuveen High Income December 2019 Target Term Fund Com of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.