NELNET INC-CL A (NNI) Stock Technical Analysis
USA - NYSE:NNI - US64031N1081 - Common Stock
Overall NNI gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NNI is showing a nice and steady performance.
Besides having an excellent technical rating, NNI also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 131.40, a Stop Loss order could be placed below this zone.
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105.39
When analyzing the support we can see 5 important areas.
- A support zone ranging from 125.83 to 131.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 122.64 to 123.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @119.62 from a horizontal line in the daily time frame.
- Support @112.34 from a trend line in the weekly time frame.
- Support @106.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 132.70 to 132.70. This zone is formed by a combination of multiple trend lines 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 NNI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNI is up. |
| ChartMill Relative Strength | 77.78 | POSITIVE | NNI has a high relative strength, it outperformed 77.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NNI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NNI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.44 | NEUTRAL | The RSI value for NNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NNI has a positive trend. |
| Stochastics (14,3) | 47.02 | NEUTRAL | The Stochastics value for NNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for NNI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.22 | NEUTRAL | The ADX value for NNI suggests a possible start of a new trend. |
132.68
+2.88 (+2.22%)
NELNET INC-CL A / NNI FAQ
What is the ChartMill technical rating of NELNET INC-CL A (NNI) stock?
ChartMill assigns a technical rating of 9 / 10 to NNI.
What is the current trend direction of NELNET INC-CL A (NNI) stock?
The current trend direction for NELNET INC-CL A (NNI) is Bullish.
What is the RSI signal for NELNET INC-CL A (NNI) stock?
NELNET INC-CL A (NNI) has an RSI value of 60.437. This indicates that the stock is currently neutral.
What is the MACD signal for NNI stock?
The MACD indicator for NELNET INC-CL A (NNI) has a value of 0.0178112, indicating a bearish trend.
What is the support and resistance level for NNI stock?
NELNET INC-CL A (NNI) has a support level at 131.4 and a resistance level at 132.7. Check the full technical report for our detailed analysis of NNI support and resistance levels.