NN INC (NNBR) Stock Technical Analysis
USA - NASDAQ:NNBR - US6293371067 - Common Stock
We assign a technical rating of 0 out of 10 to NNBR. NNBR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, NNBR 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. There is a support zone below the current price at 1.65, a Stop Loss order could be placed below this zone.
More info and screens
1.60
We found 1 important support area.
- A support zone ranging from 1.62 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.21 from a trend line in the weekly time frame.
- Resistance @2.32 from a trend line in the daily time frame.
- A resistance zone ranging from 2.63 to 2.64. 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 | DOWN | NEGATIVE | The long term trend for NNBR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNBR is down. |
| ChartMill Relative Strength | 6.79 | NEGATIVE | NNBR has a low relative strength, it was outperformed by 93.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NNBR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NNBR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NNBR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.6 | NEUTRAL | The RSI value for NNBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NNBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.77 | NEUTRAL | The Stochastics value for NNBR is a neutral value. |
| Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for NNBR suggests high volalility. |
| Average Directional Index/ADX (14) | 28.78 | POSITIVE | The high ADX value value for NNBR suggests a strong trend. |
1.66
-0.04 (-2.35%)
NN INC / NNBR FAQ
What is the ChartMill technical rating of NN INC (NNBR) stock?
ChartMill assigns a technical rating of 0 / 10 to NNBR.
What is the trend direction for NNBR stock?
The current trend direction for NN INC (NNBR) is Bearish.
What is the RSI signal for NNBR stock?
NN INC (NNBR) has an RSI value of 37.6028. This indicates that the stock is currently neutral.
What is the MACD signal for NNBR stock?
The MACD indicator for NN INC (NNBR) has a value of 0.00141725, indicating a bearish trend.
What are the support and resistance levels for NN INC (NNBR) stock?
NN INC (NNBR) has a support level at 1.65 and a resistance level at 2.21. Check the full technical report for our detailed analysis of NNBR support and resistance levels.