MA Rating is Strong Buy on Shares of Nuveen Michigan Quality Municipal Income Fund (NYSE:NUM)

As any seasoned investor knows, markets can move up or down in the blink of an eye. Investors who attempt to beat the market without creating a plan may find themselves grasping at straws down the line. Building a plan that included the right level of risk may be different for every individual. Managing risk and staying on top of the stock portfolio can help investors ride out the storm when it eventually rolls in. Anybody who manages their own portfolio knows that it can be extremely challenging at times. Finding a consistent process that works when markets become volatile can be a big help to the investor. Controlling emotions and conducting the necessary research can help the investor make the difficult decisions when they crop up.

Nuveen Michigan Quality Municipal Income Fund (NYSE:NUM) has drawn the attention of traders as the price has moved -0.36764706% since the open. The prior session close was noted at 13.55. Looking back over the last month, we note that the stock’s high point was seen at 13.64.

Dedicated traders will often pay close attention to Exponential Moving Average levels. EMA study can help guide traders when gauging market strength. We can see the following EMA levels on the stock:

30 day Exponential Moving Average: 13.45134923
50 day Exponential Moving Average: 13.40550368
100 day Exponential Moving Average: 13.30781718
10 day Exponential Moving Average: 13.51566061
20 day Exponential Moving Average: 13.47981412
200 day Exponential Moving Average: 13.13484044

The HMA or Hull Moving Average for the stock is presently 13.54912148. The HMA may help with technical analysis by reducing lag and heightening responsiveness. Traders often find that following this indicator helps with reduction of noise.

As traders scan the equity market, they may be using Simple Moving Averages to help figure out where a stock is headed. Following some SMA levels, we can see that the 10 day is 13.51676, the 20 day is 13.476205, and the 30 day is 13.43472667. Tracking some other time periods, we note that the 50 day SMA is 13.399986 , the 100 day is 13.311602 , and the 200 day SMA is currently 13.1278825.

Just-released report names Cannabis Stock of the Year for 2019! Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that is unlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

Scanning through some ratings, we note that the current Oscillator Rating on the stock is a “Buy”. The Moving Average Rating is sitting at a “Strong Buy”. Traders may use these signals in conjunction with other indicators in order to set up the chart for future trading success.

Investors following Nuveen Michigan Quality Municipal Income Fund (NYSE:NUM) can see that the stock most recently closed at 13.55
Past 3 months: 4.16666667
One year change: 7.00236035
Year-to-date: 9.14927769
Past week: 0.96510765
Past month: 2.02550638

Traders following Donchian Channels can see that the 20 day upper band is 13.64 and the 20 day lower band is 13.31. These channels are used by technicians to help spot possible breakouts, and they may also be used to confirm a defined trend.

Traders checking the pulse on shares of Nuveen Michigan Quality Municipal Income Fund (NYSE:NUM) will note that since the opening price of 13.6, the stock has moved -0.05. During the session, the stock has hit a low of 13.55 and reached a high of 13.6. Volume on the day is around 20723. 

Investors may be trying to gauge the current business cycle phase and how that could potentially impact the portfolio. Business cycles can be one way to analyze portfolio performance. Early on in the cycle, profits tend to grow rapidly, sales tend to improve, and activity rebounds. In the middle of a cycle, growth may be peaking, strong credit growth may still be seen, and policy may swing neutral. Toward the later stages, growth may be moderate, earnings may come under pressure, and credit may tighten. Heading into a period of recession, credit may completely dry up, profits may decline sharply, and there may be policy easing. Investors will often have to adjust portfolio holdings that reflect the current state of a business cycle.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with's FREE daily email newsletter.