NXJ Nuveen New Jersey Quality Municipal Income Fund Forecast, Technical & Fundamental Analysis
Nuveen New Jersey Quality Municipal Income Fund is a closed-end investment management company... Show more
NXJ's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for NXJ turned positive on April 24, 2025. Looking at past instances where NXJ's MACD turned positive, the stock continued to rise in of 39 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NXJ's RSI Oscillator exited the oversold zone, of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 23, 2025. You may want to consider a long position or call options on NXJ as a result. In of 61 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 NXJ advanced for three days, in of 343 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NXJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NXJ broke above its upper Bollinger Band on May 02, 2025. 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.
The Aroon Indicator for NXJ entered a downward trend on April 21, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
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NXJ and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, NXJ has been loosely correlated with MUJ. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if NXJ jumps, then MUJ could also see price increases.