NELNET INC-CL A (NNI) Stock Technical Analysis
NYSE:NNI - New York Stock Exchange, Inc. - US64031N1081 - Common Stock - Currency: USD
Taking everything into account, NNI scores 10 out of 10 in our technical rating. 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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 124.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 123.83, a Stop Loss order could be placed below this zone.
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101.89
When analyzing the support we can see 5 important areas.
- A support zone ranging from 122.49 to 123.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 119.16 to 120.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 112.45 to 112.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @108.33 from a trend line in the weekly time frame.
- A support zone ranging from 102.92 to 104.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.84 to 126.08. 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 | 72.23 | POSITIVE | NNI has a high relative strength, it outperformed 72.23% 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) | 60.6 | 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) | 68.96 | NEUTRAL | The Stochastics value for NNI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for NNI suggests low volalility. |
| Average Directional Index/ADX (14) | 21.15 | NEUTRAL | The ADX value for NNI suggests a possible start of a new 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 |
|---|---|---|---|
| 126.09 | 122.48 | 3.61 (2.86%) | 25.00% |
| An entry @126.09. This is a Buy Stop order right above the resistance zone. | An exit @122.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.61 points, which is 2.86%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- 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.
124.83
+1.74 (+1.41%)