NEXTNAV INC (NN) Stock Technical Analysis
NASDAQ:NN - Nasdaq - US65345N1063 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to NN. In the last year, NN was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month NN has a been trading in the 12.21 - 14.38 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
NN is part of the Software industry. There are 282 other stocks in this industry. NN outperforms 86% of them.
NN has an average volume of 1172990 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 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 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.
Although the technical rating is only medium, NN does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
10.59
14.09
We found 5 important support areas.
- A support zone ranging from 12.54 to 12.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.08 to 12.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.74 from a horizontal line in the weekly time frame.
- Support @10.95 from a horizontal line in the daily time frame.
- Support @10.70 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @13.59 from a trend line in the daily time frame.
- A resistance zone ranging from 13.93 to 13.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for NN is neutral. |
| ChartMill Relative Strength | 94.09 | POSITIVE | NN has a high relative strength, it outperformed 94.09% 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) | 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) | 47.68 | NEUTRAL | The RSI value for NN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NN has a negative trend. |
| Stochastics (14,3) | 16.08 | OVERSOLD | The low Stochastics value suggests NN may be oversold. |
| Average True Range in percent/ATR (20) | 6.89 | HIGH VOLATILITY | The high ATR as a percentage value for NN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for NN suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.60 | 12.53 | 1.07 (7.87%) | 12.71% |
| An entry @13.60. This is a Buy Stop order right above the resistance zone. | An exit @12.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.07 points, which is 7.87%. | For a 1.00% total portfolio risk, you can invest 12.71% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.55
+0.16 (+1.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.29%
1 Week-2.49%
2 Weeks-7.65%
1 Month-1.61%
3 Month19.64%
6 Month-27.83%
12 Month58.96%
2 Year386.43%
3 Year268.03%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%6.89%
ATR Inc-30.57%
Range Today0.59
ADR(20)0.85
ADR(20)%6.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.09
Mansfield0.99
10 Day High14.08
10 Day Low12.22
20 Day High14.38
20 Day Low12.22
52 Week High18.54
52 Week Low6.47
CS1 End12.55
CR1 Start13.59
Volume & EV
DER(3)-6.27%
DER(5)-4.93%
Volume2.05M
Volume Incr-6.11%
Vol(5)1.06M
Vol(50)1.17M