NELNET INC-CL A (NNI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NNI • US64031N1081
Taking everything into account, NNI scores 6 out of 10 in our technical rating. Although NNI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- NNI is one of the better performing stocks in the Consumer Finance industry, it outperforms 79% of 54 stocks in the same industry.
- NNI 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 NNI is lagging the market slightly.
- When compared to the yearly performance of all other stocks, NNI outperforms 68% of them, which is more or less in line with the market.
- In the last month NNI has a been trading in the 128.65 - 142.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NNI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 133.69, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
106.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 131.88 to 133.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 124.73 to 129.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @107.99 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 139.63 to 141.14. 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 | NEUTRAL | NEUTRAL | The short term trend for NNI is neutral. |
| ChartMill Relative Strength | 68.84 | NEUTRAL | NNI is not amongst the best or worst performers 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) | 53.37 | NEUTRAL | The RSI value for NNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NNI has a positive trend. |
| Stochastics (14,3) | 44.66 | NEUTRAL | The Stochastics value for NNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for NNI suggests some volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for NNI suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 135.02 | 131.87 | 3.15 (2.33%) | 25.00% |
| An entry @135.02. This is a Buy Stop order right above the 10 day high. | An exit @131.87. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.15 points, which is 2.33%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NNI. 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.
134.47
+1.64 (+1.23%)
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 6 / 10 to NNI.
Can you provide the trend direction for NELNET INC-CL A?
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 53.3724. This indicates that the stock is currently neutral.
What is the MACD signal for NELNET INC-CL A (NNI) stock?
The MACD indicator for NELNET INC-CL A (NNI) has a value of 0.0966956, indicating a bearish trend.