NANO NUCLEAR ENERGY INC (NNE) Stock Technical Analysis
NASDAQ:NNE - Nasdaq - US63010H1086 - Common Stock - Currency: USD
Taking everything into account, NNE scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, NNE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
NNE is one of the better performing stocks in the Electrical Equipment industry, it outperforms 96% of 94 stocks in the same industry.
NNE has an average volume of 2650580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NNE did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NNE 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 NNE is lagging the market slightly.
In the last month NNE has a been trading in the 22.59 - 37.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NNE has an excellent technical rating, but the quality of the setup is only medium 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
20.63
35.48
We found 4 important support areas.
- A support zone ranging from 29.18 to 29.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.64 from a trend line in the daily time frame.
- Support @22.67 from a trend line in the weekly time frame.
- Support @20.84 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @35.13 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 NNE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNE is up. |
| ChartMill Relative Strength | 98.96 | POSITIVE | NNE has a high relative strength, it outperformed 98.96% 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) | UP | POSITIVE | The current price of NNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.7 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NNE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.25 | NEUTRAL | The Stochastics value for NNE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.07 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 28.61 | POSITIVE | The high ADX value value for NNE 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)
29.63
+0.45 (+1.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.54%
1 Week-7.23%
2 Weeks14.36%
1 Month17.95%
3 Month9.82%
6 Month11.45%
12 Month338.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.33
ATR(20)%10.07%
ATR Inc6.49%
Range Today1.67
ADR(20)2.87
ADR(20)%9.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.96
Mansfield2.42
10 Day High37.23
10 Day Low25.05
20 Day High37.23
20 Day Low22.59
52 Week High48.05
52 Week Low6.3
CS1 End29.62
CR1 Start35.13
Volume & EV
DER(3)1.17%
DER(5)-0.21%
Volume2.78M
Volume Incr3.29%
Vol(5)3.85M
Vol(50)2.65M