NANO NUCLEAR ENERGY INC (NNE) Technical Analysis
NASDAQ:NNE • US63010H1086
Current stock price
24.495 USD
-0.83 (-3.3%)
At close:
24.5312 USD
+0.04 (+0.15%)
After Hours:
NNE Technical Rating and Analysis
Taking everything into account, NNE scores 3 out of 10 in our technical rating. In the past year, NNE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, NNE is a bad performer in the overall market: 81% of all stocks are doing better.
- NNE is one of the lesser performing stocks in the Electrical Equipment industry. 63% of 92 stocks in the same industry do better.
- NNE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NNE has an average volume of 1851040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NNE has a been trading in the 18.93 - 28.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NNE Weekly and Daily overview Charts
NNE Setup Rating and Analysis
NNE has a poor technical rating and the quality of the setup is also not perfect 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
NNE Support and Resistance Analysis
19.66
27.66
We found 3 important support areas.
- A support zone ranging from 23.55 to 23.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.95 from a trend line in the weekly time frame.
- Support @19.86 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @25.86 from a horizontal line in the weekly time frame.
- Resistance @27.39 from a horizontal line in the daily time frame.
NNE 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 NNE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNE is up. |
| ChartMill Relative Strength | 19.33 | NEGATIVE | NNE has a low relative strength, it was outperformed by 80.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NNE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.84 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests NNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.79 | NEUTRAL | The Stochastics value for NNE is a neutral value. |
| Average True Range in percent/ATR (20) | 8.25 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.56 | NEGATIVE | The low ADX value for NNE suggests a weak or negative trend. |
NNE Chart- and CandleStick Pattern Analysis
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)
NNE Technicals: Chart, Performance Metrics, Trend & Indicators
24.495
-0.83 (-3.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-3.3%
1 Week-5.24%
2 Weeks17.99%
1 Month15.82%
3 Month-29.47%
6 Month-44.76%
12 Month6.87%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.29
ATR(20)%8.25%
ATR Inc28.35%
Range Today1.98
ADR(20)1.81
ADR(20)%7.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.33
3 months CRS10.53
6 months CRS10.36
Mansfield-3.1
10 Day High28.33
10 Day Low19.88
20 Day High28.33
20 Day Low18.93
52 Week High60.87
52 Week Low18.93
CS1 End23.77
CR1 Start25.86
Volume & EV
DER(3)-2.01%
DER(5)-3.05%
Volume1.74M
Volume Incr0.82%
Vol(5)2.06M
Vol(50)1.85M
NANO NUCLEAR ENERGY INC / NNE TA FAQ
Can you provide the ChartMill technical rating for NANO NUCLEAR ENERGY INC?
ChartMill assigns a technical rating of 3 / 10 to NNE.
What is the trend direction for NNE stock?
The current trend direction for NANO NUCLEAR ENERGY INC (NNE) is Bearish.
What is the RSI signal for NNE stock?
NANO NUCLEAR ENERGY INC (NNE) has an RSI value of 52.8394. This indicates that the stock is currently neutral.
What is the short term momentum for NANO NUCLEAR ENERGY INC (NNE) stock?
The short term momentum for NANO NUCLEAR ENERGY INC (NNE) is positive.