Technical Analysis for NUM - Nuveen Michigan Quality Income Municipal Fund

Grade Last Price % Change Price Change
grade B 13.75 0.88% 0.12
NUM closed up 0.88 percent on Friday, May 29, 2020, on 16 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical NUM trend table...

Date Alert Name Type % Chg
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
Pocket Pivot Bullish Swing Setup 0.88%
Upper Bollinger Band Walk Strength 0.88%
Above Upper BB Strength 0.88%
Overbought Stochastic Strength 0.88%

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Profile

Nuveen Michigan Quality 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, LLC. It invests in the fixed income markets of Michigan. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Michigan income taxes. It seeks to invest in investment grade securities. 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 Standard & Poor's (S&P) Michigan Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen Michigan Quality Income Municipal Fund, Inc. Nuveen Michigan Quality Income Municipal Fund was formed on July 25, 1991 and is domiciled in the United States.
Exchange Traded Fund ETF Bond Institutional Investors Mutual Fund Municipal Bond Nuveen Tiaa Nuveen Fund

Is NUM 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 14.6
52 Week Low 10.03
Average Volume 40,977
200-Day Moving Average 13.84
50-Day Moving Average 13.07
20-Day Moving Average 13.24
10-Day Moving Average 13.35
Average True Range 0.15
ADX 15.01
+DI 40.86
-DI 20.26
Chandelier Exit (Long, 3 ATRs ) 13.29
Chandelier Exit (Short, 3 ATRs ) 13.30
Upper Bollinger Band 13.62
Lower Bollinger Band 12.85
Percent B (%b) 1.16
BandWidth 5.83
MACD Line 0.12
MACD Signal Line 0.05
MACD Histogram 0.0645
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.93
Resistance 3 (R3) 13.91 13.83 13.90
Resistance 2 (R2) 13.83 13.78 13.84 13.89
Resistance 1 (R1) 13.79 13.76 13.81 13.81 13.88
Pivot Point 13.71 13.71 13.72 13.72 13.71
Support 1 (S1) 13.67 13.66 13.69 13.69 13.62
Support 2 (S2) 13.59 13.64 13.60 13.61
Support 3 (S3) 13.55 13.59 13.60
Support 4 (S4) 13.57