We assign a technical rating of 3 out of 10 to NNE. Although NNE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
NNE has a poor technical rating and the quality of the setup is also only medium 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
28.15
2 important support areas can be observed.
- A support zone ranging from 29.05 to 29.79. 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.
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 | 73.07 | POSITIVE | NNE has a high relative strength, it outperformed 73.07% 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) | 41.7 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests NNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.13 | NEUTRAL | The Stochastics value for NNE is a neutral value. |
| Average True Range in percent/ATR (20) | 10.03 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.34 | NEUTRAL | The ADX value for NNE suggests a possible start of a new trend. |
32.7
+1.86 (+6.03%)
NANO NUCLEAR ENERGY INC / NNE FAQ
Can you provide the ChartMill technical rating for NANO NUCLEAR ENERGY INC?
ChartMill assigns a technical rating of 3 / 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 41.6955. 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 29.79. Check the full technical report for our detailed analysis of NNE support and resistance levels.