Overall NNE gets a technical rating of 1 out of 10. NNE'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.
The technical rating of NNE is bad and it also does not present a quality setup 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
23.96
When analyzing the support we can see 2 important areas.
- Support @27.61 from a horizontal line in the weekly time frame.
- Support @24.20 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 33.06 to 33.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @35.77 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NNE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NNE is neutral. |
| ChartMill Relative Strength | 27.35 | NEGATIVE | NNE has a low relative strength, it was outperformed by 72.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NNE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NNE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NNE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.85 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests NNE has a positive trend. |
| Stochastics (14,3) | 78.04 | NEUTRAL | The Stochastics value for NNE is a neutral value. |
| Average True Range in percent/ATR (20) | 9.16 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 14.78 | NEGATIVE | The low ADX value for NNE suggests a weak or negative trend. |
32.01
-1.04 (-3.15%)
NANO NUCLEAR ENERGY INC / NNE FAQ
Can you provide the ChartMill technical rating for NANO NUCLEAR ENERGY INC?
ChartMill assigns a technical rating of 1 / 10 to NNE.
What is the trend direction for NNE stock?
The current trend direction for NANO NUCLEAR ENERGY INC (NNE) is Bearish.
Can you provide the RSI signal for NANO NUCLEAR ENERGY INC?
NANO NUCLEAR ENERGY INC (NNE) has an RSI value of 50.8494. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NANO NUCLEAR ENERGY INC?
NANO NUCLEAR ENERGY INC (NNE) has a support level at 27.61 and a resistance level at 33.06. Check the full technical report for our detailed analysis of NNE support and resistance levels.