NANO NUCLEAR ENERGY INC (NNE) Stock Technical Analysis
NASDAQ:NNE - Nasdaq - US63010H1086 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NNE. Both in the recent history as in the last year, NNE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
NNE is part of the Electrical Equipment industry. There are 93 other stocks in this industry. NNE outperforms 89% of them.
NNE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NNE is lagging the market slightly.
In the last month NNE has a been trading in the 31.51 - 40.10 range, which is quite wide. It is currently trading near the high of this range.
NNE has an average volume of 3877500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NNE did better than 95% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NNE has an excellent technical rating and also presents 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. There is a support zone below the current price at 35.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
24.83
39.06
We found 4 important support areas.
- A support zone ranging from 35.35 to 35.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @34.64 from a trend line in the daily time frame.
- A support zone ranging from 31.89 to 32.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.08 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @37.63 from a horizontal line in the weekly time frame.
- Resistance @38.67 from a trend 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 | 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 | 95.96 | POSITIVE | NNE has a high relative strength, it outperformed 95.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NNE is above a declining 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) | 60.32 | NEUTRAL | The RSI value for NNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests NNE has a positive trend. |
| Stochastics (14,3) | 88.76 | OVERBOUGHT | The high Stochastics value suggests NNE may be overbought. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for NNE suggests high volalility. |
| Average Directional Index/ADX (14) | 24.8 | NEUTRAL | The ADX value for NNE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 37.64 | 35.34 | 2.30 (6.11%) | 16.37% |
| An entry @37.64. This is a Buy Stop order right above the resistance zone. | An exit @35.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.30 points, which is 6.11%. | For a 1.00% total portfolio risk, you can invest 16.37% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NNE. Please evaluate whether better entry and exit points can be found.
- 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.
37.62
-0.06 (-0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.16%
1 Week9.88%
2 Weeks11.87%
1 Month-0.97%
3 Month89.43%
6 Month52.25%
12 Month94.92%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.1
ATR(20)%7.03%
ATR Inc-27.84%
Range Today1.59
ADR(20)2.56
ADR(20)%6.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.96
Mansfield4.16
10 Day High38.49
10 Day Low32.11
20 Day High40.1
20 Day Low31.51
52 Week High48.05
52 Week Low6.3
CS1 End35.9
CR1 Start37.63
Volume & EV
DER(3)0%
DER(5)0.05%
Volume2.81M
Volume Incr-2.41%
Vol(5)3.51M
Vol(50)3.88M