(NMT) On The My Stocks Page

December 16, 2024, 02:40 am ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NMT

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Swing Trading Plans for NMT

• Buy NMT slightly over 11.66, target n/a, Stop Loss @ 11.63 Details

If 11.66 begins to break higher, the technical summary data tells us to buy NMT just slightly over 11.66, with an upside target of n/a. The data also tells us to set a stop loss @ 11.63 in case the stock turns against the trade. 11.66 is the first level of resistance above 11.65, and by rule, any break above resistance is a buy signal. In this case, 11.66, 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 NMT slightly near 11.66, target 11.34, Stop Loss @ 11.69. Details

The technical summary data is suggesting a short of NMT if it tests 11.66 with a downside target of 11.34. We should have a stop loss in place at 11.69 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, 11.66, 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 NMT

• Buy NMT slightly over 11.7, target 11.98, Stop Loss @ 11.67 Details

If 11.7 begins to break higher, the technical summary data tells us to buy NMT just slightly over 11.7, with an upside target of 11.98. The data also tells us to set a stop loss @ 11.67 in case the stock turns against the trade. 11.7 is the first level of resistance above 11.65, and by rule, any break above resistance is a buy signal. In this case, 11.7, 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 NMT slightly near 11.7, target 11.34, Stop Loss @ 11.73. Details

The technical summary data is suggesting a short of NMT if it tests 11.7 with a downside target of 11.34. We should have a stop loss in place at 11.73 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, 11.7, 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 Massachusetts Quality Municipal Income Fund (NMT) available here: NMT.

NMT Ratings for December 16:

Term →	Near	Mid	Long
Rating	Neutral	Neutral	Strong
P1	0	0	11.34
P2	11.7	11.66	11.65
P3	0		11.98

AI Generated Signals for NMT

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Trading or Investing in Nuveen Massachusetts Quality Municipal Income Fund (NYSE: NMT) involves an observation of the technicals, every time.  This data reveals the current technicals.

Warning:

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

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NMT 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 NMT too.  All of these are offered below the Summary Table.