NANO NUCLEAR ENERGY INC (NNE) Technical Analysis
NASDAQ:NNE • US63010H1086
Current stock price
NNE Technical Rating and Analysis
Taking everything into account, NNE scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NNE was also a bad performer in the overall market in the last year.
- 77% of all other stocks performed better in the past year than NNE.
- NNE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month NNE has a been trading in the 18.93 - 25.79 range, which is quite wide. It is currently trading near the high of this range.
- NNE has an average volume of 1809850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NNE is part of the Electrical Equipment industry. There are 91 other stocks in this industry, NNE did better than 41% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
19.66
We found 2 important support areas.
- Support @20.78 from a trend line in the weekly time frame.
- Support @19.86 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.56 to 24.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for NNE is up. |
| ChartMill Relative Strength | 23.72 | NEGATIVE | NNE has a low relative strength, it was outperformed by 76.28% 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) | DOWN | NEGATIVE | The current price of NNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.06 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.64 | POSITIVE | The MACD value suggests NNE has a positive trend. |
| Stochastics (14,3) | 85.16 | OVERBOUGHT | The high Stochastics value suggests NNE may be overbought. |
| Average True Range in percent/ATR (20) | 6.62 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.96 | 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
24.55
+0.26 (+1.07%)
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 2 / 10 to NNE.
What is the trend direction for NNE stock?
The current trend direction for NANO NUCLEAR ENERGY INC (NNE) is Bearish.
What is the RSI signal for NNE stock?
NANO NUCLEAR ENERGY INC (NNE) has an RSI value of 58.0639. 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.
What is the buy/sell signal for NANO NUCLEAR ENERGY INC (NNE) stock?
The buy/sell signal for NANO NUCLEAR ENERGY INC (NNE) is hold as the short term and long term trends are mixed.