Taking everything into account, NNE scores 2 out of 10 in our technical rating. NNE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
NNE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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28.15
When analyzing the support we can see 3 important areas.
- Support @31.24 from a trend line in the weekly time frame.
- A support zone ranging from 29.05 to 29.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.43 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @35.77 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 36.48 to 36.54. 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 | NEUTRAL | NEUTRAL | The long term trend for NNE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NNE is down. |
| ChartMill Relative Strength | 47.62 | NEUTRAL | NNE is not amongst the best or worst performers 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) | 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) | 46.62 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.18 | OVERSOLD | The low Stochastics value suggests NNE may be oversold. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 13.27 | NEGATIVE | The low ADX value for NNE suggests a weak or negative trend. |
33.03
+2.8 (+9.26%)
NANO NUCLEAR ENERGY INC / NNE FAQ
Can you provide the ChartMill technical rating for NANO NUCLEAR ENERGY INC?
ChartMill assigns a technical rating of 2 / 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 Bearish.
Can you provide the RSI signal for NANO NUCLEAR ENERGY INC?
NANO NUCLEAR ENERGY INC (NNE) has an RSI value of 46.6211. 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 negative.
Can you provide the support and resistance levels for NANO NUCLEAR ENERGY INC?
NANO NUCLEAR ENERGY INC (NNE) has a support level at 31.24 and a resistance level at 35.77. Check the full technical report for our detailed analysis of NNE support and resistance levels.