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Nuveen Quality Municipal Income Fund (NAD): The long term indicators on the stock call for a Sell today

Nuveen Quality Municipal Income Fund (NAD) saw downtrend of -0.95% in the recent trading with $11.45 being its most recent. The current price level -29.54% lower than the highest price of $16.25 marked by the stock while trading over the past 52-weeks, whereas it is -0.30% higher than the lowest price of $11.48 the company dropped to over past 52-weeks. The latest news story on NAD appeared in Moody’s under the title “Nuveen Quality Municipal Income Fund — Moody’s announces completion of a periodic review of ratings of Nuveen Quality Municipal Income Fund” on Jan-12-22.

Squeezing the time span to 30 day period shows us the stock is currently trading -9.77% below one month high and is +0.35% above of the lowest during that time. Looking into the simple moving average, Nuveen Quality Municipal Income Fund (NAD)’s stock stands at a SMA-50 of $12.59 while that of 5-day is reading $11.57.

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Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and NAD’s SMA-200 as of now is $13.46.

Nuveen Quality Municipal Income Fund Earnings – What Happened With NAD

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

NAD – Nuveen Quality Municipal Income Fund Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 233.41 million. NAD does have institutional investors; and they hold 23.50% of the stock.

Nuveen Quality Municipal Income Fund – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, NAD declared 0 shares have been sold in 0 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Nuveen Quality Municipal Income Fund has a debt to equity ratio of 0.00.

Technical Analysis of Nuveen Quality Municipal Income Fund (NYSE:NAD) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Nuveen Quality Municipal Income Fund (NAD), we notice that the stock’s 20-day average volume is at 568,065 shares and 100% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 536,464 shares. And to end, NAD’s 100-day average volume is 701,260 shares with 100% of the long-term indicators pointing towards Sell for the stock.

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