(JGH) Investment Analysis

November 13, 2024, 08:44 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for JGH

• Buy JGH near 12.85 target 13.21 stop loss @ 12.81 Details

The technical summary data tells us to buy JGH near 12.85 with an upside target of 13.21. This data also tells us to set a stop loss @ 12.81 to protect against excessive loss in case the stock begins to move against the trade. 12.85 is the first level of support below 13.13 , and by rule, any test of support is a buy signal. In this case, support 12.85 would be being tested, so a buy signal would exist.

• Short JGH slightly under 13.21, target 12.85, stop loss @ 13.25 Details

The technical summary data is suggesting a short of JGH as it gets near 13.21 with a downside target of 12.85. We should have a stop loss in place at 13.25though. 13.21 is the first level of resistance above 13.13, and by rule, any test of resistance is a short signal. In this case, if resistance 13.21 is being tested, so a short signal would exist.

Swing Trading Plans for JGH

• Buy JGH slightly over 13.26, target 13.58, Stop Loss @ 13.22 Details

If 13.26 begins to break higher, the technical summary data tells us to buy JGH just slightly over 13.26, with an upside target of 13.58. The data also tells us to set a stop loss @ 13.22 in case the stock turns against the trade. 13.26 is the first level of resistance above 13.13, and by rule, any break above resistance is a buy signal. In this case, 13.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JGH slightly near 13.26, target 12.85, Stop Loss @ 13.3. Details

The technical summary data is suggesting a short of JGH if it tests 13.26 with a downside target of 12.85. We should have a stop loss in place at 13.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for JGH

• Buy JGH slightly over 13.33, target 13.58, Stop Loss @ 13.3 Details

If 13.33 begins to break higher, the technical summary data tells us to buy JGH just slightly over 13.33, with an upside target of 13.58. The data also tells us to set a stop loss @ 13.3 in case the stock turns against the trade. 13.33 is the first level of resistance above 13.13, and by rule, any break above resistance is a buy signal. In this case, 13.33, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JGH slightly near 13.33, target 12.85, Stop Loss @ 13.36. Details

The technical summary data is suggesting a short of JGH if it tests 13.33 with a downside target of 12.85. We should have a stop loss in place at 13.36 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 13.33, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Nuveen Global High Income Fund Of Beneficial Interest (JGH) available here: JGH.

JGH Ratings for November 13:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	12.85
P2	13.33	13.05	13.21
P3	0	13.26	13.58

AI Generated Signals for JGH

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With an objective approach to Nuveen Global High Income Fund Of Beneficial Interest (NYSE: JGH), Stock Traders Daily attempts to go with the flow of the market by utilizing a combination of market analysis and stock analysis.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for JGH change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if JGH is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for JGH too.  All of these are offered below the Summary Table.