NEXTNAV INC (NN) Stock Technical Analysis
NASDAQ:NN - Nasdaq - US65345N1063 - Common Stock - Currency: USD
Overall NN gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NN is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
NN is one of the better performing stocks in the Software industry, it outperforms 85% of 282 stocks in the same industry.
NN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NN is lagging the market slightly.
In the last month NN has a been trading in the 10.84 - 15.54 range, which is quite wide. It is currently trading near the high of this range.
NN has an average volume of 1198030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NN is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Although NN has an excellent technical rating, it does not offer a high 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
11.04
15.22
4 important support areas can be observed.
- A support zone ranging from 12.93 to 13.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.23 to 12.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.75 from a horizontal line in the weekly time frame.
- Support @11.15 from a trend line in the daily time frame.
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 | UP | POSITIVE | The long term trend for NN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NN is up. |
| ChartMill Relative Strength | 93.91 | POSITIVE | NN has a high relative strength, it outperformed 93.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.01 | OVERBOUGHT | The high RSI value suggests NN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests NN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.92 | OVERBOUGHT | The high Stochastics value suggests NN may be overbought. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for NN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.33 | POSITIVE | The high ADX value value for NN suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
15.07
-0.01 (-0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.07%
1 Week4%
2 Weeks20.37%
1 Month21.63%
3 Month16.73%
6 Month-9.98%
12 Month85.82%
2 Year412.59%
3 Year563.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%5.53%
ATR Inc-8.66%
Range Today0.65
ADR(20)0.81
ADR(20)%5.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.91
Mansfield2.24
10 Day High15.54
10 Day Low12.22
20 Day High15.54
20 Day Low10.84
52 Week High18.54
52 Week Low6.47
CS1 End13.3
CR1 StartN/A
Volume & EV
DER(3)1.56%
DER(5)3.75%
Volume2.42M
Volume Incr23.29%
Vol(5)1.59M
Vol(50)1.20M