Technical Analysis for NMT - Nuveen Massachusetts Premium Income Municipal Fund

Grade Last Price % Change Price Change
C 10.50 -0.38% -0.04
NMT closed down 0.38 percent on Thursday, April 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness -0.38%
Oversold Stochastic Weakness -0.38%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 18 hours ago
Possible NR7 about 18 hours ago
Gapped Down (Full) about 22 hours ago
Fell Below Previous Day's Low about 22 hours ago
Down 1 ATR about 22 hours ago

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Profile

Nuveen Massachusetts Premium Income Municipal Fund Description

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.


Classification

Keywords: Exchange Traded Fund ETF Bond Mutual Fund Municipal Bond Nuveen Tiaa 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 10.907
52 Week Low 8.8724
Average Volume 17,702
200-Day Moving Average 10.09
50-Day Moving Average 10.63
20-Day Moving Average 10.68
10-Day Moving Average 10.56
Average True Range 0.07
RSI (14) 35.90
ADX 29.87
+DI 14.36
-DI 31.16
Chandelier Exit (Long, 3 ATRs) 10.70
Chandelier Exit (Short, 3 ATRs) 10.67
Upper Bollinger Bands 10.94
Lower Bollinger Band 10.43
Percent B (%b) 0.14
BandWidth 4.80
MACD Line -0.05
MACD Signal Line -0.01
MACD Histogram -0.031
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.56
Resistance 3 (R3) 10.56 10.53 10.55
Resistance 2 (R2) 10.53 10.52 10.54 10.55
Resistance 1 (R1) 10.52 10.51 10.53 10.52 10.54
Pivot Point 10.49 10.49 10.50 10.50 10.49
Support 1 (S1) 10.48 10.48 10.49 10.48 10.46
Support 2 (S2) 10.45 10.47 10.45 10.45
Support 3 (S3) 10.44 10.45 10.45
Support 4 (S4) 10.44