Technical Analysis for NMT - Nuveen Massachusetts Premium Income Municipal Fund

Grade Last Price % Change Price Change
grade D 13.1296 0.69% 0.09
NMT closed up 0.69 percent on Friday, May 22, 2020, on 43 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Strong Down Flat Up
Historical NMT trend table...

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Cup with Handle Other 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Gapped Up Strength 0.00%
Fell Below 20 DMA Bearish 0.69%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.69%
MACD Bullish Signal Line Cross Bullish 0.69%

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Profile

Nuveen Massachusetts Premium Income Municipal 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. It invests in the fixed income markets of Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes. It seeks to invest in investment grade securities that are rated Baa/BBB or above by S&P, Moody's, or Fitch. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) Massachusetts Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. Nuveen Massachusetts Premium Income Municipal Fund was formed on January 12, 1993 and is domiciled in the United States.
Exchange Traded Fund ETF Bond Mutual Fund Municipal Bond Nuveen Tiaa Nuveen Fund Moody's Investors Service Credit Rating Agencies

Is NMT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 14.51
52 Week Low 11.25
Average Volume 16,255
200-Day Moving Average 13.86
50-Day Moving Average 13.10
20-Day Moving Average 13.04
10-Day Moving Average 12.91
Average True Range 0.25
ADX 27.2
+DI 23.78
-DI 29.38
Chandelier Exit (Long, 3 ATRs ) 12.65
Chandelier Exit (Short, 3 ATRs ) 13.24
Upper Bollinger Band 13.42
Lower Bollinger Band 12.67
Percent B (%b) 0.62
BandWidth 5.74
MACD Line -0.08
MACD Signal Line -0.10
MACD Histogram 0.0209
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.29
Resistance 3 (R3) 13.28 13.22 13.27
Resistance 2 (R2) 13.22 13.18 13.23 13.26
Resistance 1 (R1) 13.18 13.15 13.20 13.18 13.25
Pivot Point 13.11 13.11 13.12 13.12 13.11
Support 1 (S1) 13.07 13.07 13.09 13.08 13.01
Support 2 (S2) 13.00 13.05 13.01 13.00
Support 3 (S3) 12.96 13.00 12.99
Support 4 (S4) 12.97