Is Nuveen Quality Municipal Income Fund (NAD) a Stock to Watch After Gaining 1.33% This Week?

Nuveen Quality Municipal Income Fund (NAD) stock has risen 1.33% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Nuveen Quality Municipal Income Fund has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on NAD!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With NAD Stock Today?

Nuveen Quality Municipal Income Fund (NAD) stock is up 1.33% while the S&P 500 is lower by -0.18% as of 3:19 PM on Friday, Dec 29. NAD is higher by $0.15 from the previous closing price of $11.29 on volume of 1,488,401 shares. Over the past year the S&P 500 has risen 26.21% while NAD is higher by 0.35%. NAD earned $0.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1321.97. To screen for more stocks like Nuveen Quality Municipal Income Fund click here.

More About Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund is a diversified, closed end management investment company. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund uses leverage. By investment policy, the Fund may invest up to 35% of its managed assets in municipal securities rated at the time of investment BBB and below or judged by the manager to be of comparable quality. Click Here to get the full Stock Report for Nuveen Quality Municipal Income Fund stock.