NANO NUCLEAR ENERGY INC (NNE) Stock Technical Analysis
USA - NASDAQ:NNE - US63010H1086 - Common Stock
We assign a technical rating of 10 out of 10 to NNE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NNE is showing a nice and steady performance.
Besides having an excellent technical rating, NNE also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 47.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.33, a Stop Loss order could be placed below this zone.
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28.15
5 important support areas can be observed.
- A support zone ranging from 40.41 to 41.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.56 from a horizontal line in the daily time frame.
- Support @35.44 from a trend line in the daily time frame.
- Support @31.11 from a trend line in the weekly time frame.
- Support @28.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 47.61 to 47.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 95.57 | POSITIVE | NNE has a high relative strength, it outperformed 95.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NNE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNE is above the rising 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) | 54.66 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests NNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.52 | NEUTRAL | The Stochastics value for NNE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.29 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.51 | NEUTRAL | The ADX value for NNE suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 47.86 | 40.40 | 7.46 (15.59%) | 6.42% |
| An entry @47.86. This is a Buy Stop order right above the resistance zone. | An exit @40.40. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.46 points, which is 15.59%. | When investing 6.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.54
+0.53 (+1.13%)
NANO NUCLEAR ENERGY INC / NNE FAQ
Can you provide the ChartMill technical rating for NANO NUCLEAR ENERGY INC?
ChartMill assigns a technical rating of 10 / 10 to NNE.
What is the current trend direction of NANO NUCLEAR ENERGY INC (NNE) stock?
The current trend direction for NANO NUCLEAR ENERGY INC (NNE) is Bullish.
Can you provide the RSI signal for NANO NUCLEAR ENERGY INC?
NANO NUCLEAR ENERGY INC (NNE) has an RSI value of 54.6586. 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.
Can you provide the support and resistance levels for NANO NUCLEAR ENERGY INC?
NANO NUCLEAR ENERGY INC (NNE) has a support level at 41.33 and a resistance level at 47.61. Check the full technical report for our detailed analysis of NNE support and resistance levels.