NANO NUCLEAR ENERGY INC (NNE) Technical Analysis
NASDAQ:NNE • US63010H1086
Current stock price
NNE Technical Rating and Analysis
Taking everything into account, NNE scores 0 out of 10 in our technical rating. NNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 85% of all other stocks performed better in the past year than NNE.
- NNE is one of the lesser performing stocks in the Electrical Equipment industry. 70% of 92 stocks in the same industry do better.
- NNE is currently trading in the lower part 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.
- NNE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- NNE has an average volume of 1853070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NNE Weekly and Daily overview Charts
NNE Setup Rating and Analysis
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
NNE Support and Resistance Analysis
20.80
We found 1 important support area.
- A support zone ranging from 21.01 to 21.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 21.95 to 22.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 23.74 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 26.31 to 26.51. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 27.23 to 27.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for NNE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNE is down. |
| ChartMill Relative Strength | 15.78 | NEGATIVE | NNE has a low relative strength, it was outperformed by 84.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NNE is below 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) | DOWN | NEGATIVE | The current price of NNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.02 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NNE has a positive trend. |
| Stochastics (14,3) | 27.2 | NEUTRAL | The Stochastics value for NNE is a neutral value. |
| Average True Range in percent/ATR (20) | 7.62 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for NNE suggests a weak or negative trend. |
NNE Chart- and CandleStick Pattern Analysis
NNE Technicals: Chart, Performance Metrics, Trend & Indicators
21.94
+0.33 (+1.53%)
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 0 / 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 39.0186. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NANO NUCLEAR ENERGY INC?
The buy/sell signal for NANO NUCLEAR ENERGY INC (NNE) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for NANO NUCLEAR ENERGY INC (NNE) stock?
NANO NUCLEAR ENERGY INC (NNE) has a support level at 21.1 and a resistance level at 21.95. Check the full technical report for our detailed analysis of NNE support and resistance levels.