When the Price of (NQP) Talks, People Listen
May 12, 2024, 23:10 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NQP
- Buy NQP slightly over 11.58 target 12.13 stop loss @ 11.55 Details
The technical summary data tells us to buy NQP near 11.58 with an upside target of 12.13. This data also tells us to set a stop loss @ 11.55 to protect against excessive loss in case the stock begins to move against the trade. 11.58 is the first level of support below 11.86 , and by rule, any test of support is a buy signal. In this case, support 11.58 is being tested, a buy signal would exist.
- Short NQP slightly under 12.13, target 11.58, stop loss @ 12.17 Details
The technical summary data is suggesting a short of NQP as it gets near 12.13 with a downside target of 11.58. We should have a stop loss in place at 12.17though. 12.13 is the first level of resistance above 11.86, and by rule, any test of resistance is a short signal. In this case, if resistance 12.13 is being tested, a short signal would exist.
Swing Trading Plans for NQP
- Buy NQP slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy NQP just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 11.86, and by rule, any break above resistance is a buy signal. In this case, n/a, 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 NQP slightly near n/a, target 11.58, Stop Loss @ 0. Details
The technical summary data is suggesting a short of NQP if it tests n/a with a downside target of 11.58. We should have a stop loss in place at 0 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, n/a, 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 NQP
- Buy NQP slightly over 12.13, target n/a, Stop Loss @ 12.1 Details
If 12.13 begins to break higher, the technical summary data tells us to buy NQP just slightly over 12.13, with an upside target of n/a. The data also tells us to set a stop loss @ 12.1 in case the stock turns against the trade. 12.13 is the first level of resistance above 11.86, and by rule, any break above resistance is a buy signal. In this case, 12.13, 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 NQP slightly near 12.13, target 11.58, Stop Loss @ 12.16. Details
The technical summary data is suggesting a short of NQP if it tests 12.13 with a downside target of 11.58. We should have a stop loss in place at 12.16 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, 12.13, 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 Pennsylvania Quality Municipal Income Fund (NQP) available here: NQP.
NQP Ratings for May 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Neutral |
| P1 |
0 |
0 |
10.99 |
| P2 |
11.91 |
11.94 |
11.58 |
| P3 |
0 |
|
12.13 |
AI Generated Signals for NQP
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for NQP can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NQP:
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