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JQC
ETF ticker: NYSE
AS OF
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Net Assets
791.96M

JQC Nuveen Credit Strategies Income Fund Forecast, Technical & Fundamental Analysis

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for JQC with price predictions
07:00 PM EST Dec 03, 2023

Momentum Indicator for JQC turns positive, indicating new upward trend

JQC saw its Momentum Indicator move above the 0 level on November 30, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for JQC just turned positive on December 01, 2023. Looking at past instances where JQC's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

JQC moved above its 50-day moving average on November 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for JQC crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JQC advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 246 cases where JQC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for JQC moved out of overbought territory on November 06, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where JQC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

JQC broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company. Its investment objective is to provide high current income and total return. The fund meets its investment objectives by investing its managed assets in senior secured and second lien loans, and its managed assets across the capital structure of companies (including equity securities) with a primary emphasis on high yield bonds, convertible securities and other forms of income-producing securities.
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Bank Loan
Address
333 West Wacker DriveChicago
Phone
N/A
Web
www.nuveen.com
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JQC and

Correlation & Price change

A.I.dvisor indicates that over the last year, JQC has been closely correlated with AFT. These tickers have moved in lockstep 70% of the time. This A.I.-generated data suggests there is a high statistical probability that if JQC jumps, then AFT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To JQC
1D Price
Change %
JQC100%
-0.69%
AFT - JQC
70%
Closely correlated
-0.58%
BGB - JQC
67%
Closely correlated
-0.81%
BGX - JQC
67%
Closely correlated
-0.70%
PHD - JQC
65%
Loosely correlated
-0.33%
JFR - JQC
63%
Loosely correlated
-0.68%
More