NN Technical Analysis - NEXTNAV INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to NN. Both in the recent history as in the last year, NN has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

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.

NN is part of the Software industry. There are 280 other stocks in this industry. NN outperforms 87% of them.

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 13.61 - 18.25 range, which is quite wide. It is currently trading near the high of this range.

NN has an average volume of 1350470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 17.81. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.44

18.18

4 important support areas can be observed.

A support zone ranging from 16.72 to 16.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 15.64 to 16.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 14.80 to 14.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @13.58 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 17.81 to 18.00. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	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	94.81	POSITIVE	NN has a high relative strength, it outperformed 94.81% 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)	61.35	NEUTRAL	The RSI value for NN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests NN has a positive trend.
Stochastics (14,3)	66.77	NEUTRAL	The Stochastics value for NN is a neutral value.
Average True Range in percent/ATR (20)	5.71	HIGH VOLATILITY	The high ATR as a percentage value for NN suggests high volalility.
Average Directional Index/ADX (14)	17.22	NEGATIVE	The low ADX value for NN suggests a weak or negative trend.