NEXTNAV INC (NN) Technical Analysis
NASDAQ:NN • US65345N1063
Current stock price
NN Technical Rating and Analysis
Taking everything into account, NN scores 1 out of 10 in our technical rating. NN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month NN has a been trading in the 14.82 - 19.91 range, which is quite wide. It is currently trading near the lows of this range.
- NN is one of the better performing stocks in the Software industry, it outperforms 83% of 275 stocks in the same industry.
- NN has an average volume of 1370460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, NN did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- NN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NN is lagging the market slightly.
NN Weekly and Daily overview Charts
NN Setup Rating and Analysis
The technical rating of NN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
NN Support and Resistance Analysis
11.63
3 important support areas can be observed.
- A support zone ranging from 13.50 to 13.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.73 from a trend line in the weekly time frame.
- Support @11.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 16.28 to 16.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.81 from a horizontal line in the weekly time frame.
NN Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for NN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NN is down. |
| ChartMill Relative Strength | 70.9 | POSITIVE | NN has a high relative strength, it outperformed 70.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.47 | NEUTRAL | The RSI value for NN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests NN has a negative trend. |
| Stochastics (14,3) | 24.66 | NEUTRAL | The Stochastics value for NN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.72 | HIGH VOLATILITY | The high ATR as a percentage value for NN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for NN suggests a possible start of a new trend. |
NN Chart- and CandleStick Pattern Analysis
NN Technicals: Chart, Performance Metrics, Trend & Indicators
15.065
-1.54 (-9.3%)
NEXTNAV INC / NN TA FAQ
Can you provide the ChartMill technical rating for NEXTNAV INC?
ChartMill assigns a technical rating of 1 / 10 to NN.
Can you provide the trend direction for NEXTNAV INC?
The current trend direction for NEXTNAV INC (NN) is Bearish.
What is the RSI signal for NEXTNAV INC (NN) stock?
NEXTNAV INC (NN) has an RSI value of 39.4745. This indicates that the stock is currently neutral.
What are the support and resistance levels for NEXTNAV INC (NN) stock?
NEXTNAV INC (NN) has a support level at 13.59 and a resistance level at 16.28. Check the full technical report for our detailed analysis of NN support and resistance levels.