NELNET INC-CL A (NNI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NNI - US64031N1081 - Common Stock
Overall NNI gets a technical rating of 10 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 and the volatility has been reduced. There is a resistance zone just above the current price starting at 133.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 132.69, 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.
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112.55
When analyzing the support we can see 2 important areas.
- A support zone ranging from 122.82 to 132.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @113.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 133.00 to 133.19. 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 | 81.16 | POSITIVE | NNI has a high relative strength, it outperformed 81.16% 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) | 58.39 | NEUTRAL | The RSI value for NNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests NNI has a positive trend. |
| Stochastics (14,3) | 79.15 | NEUTRAL | The Stochastics value for NNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NNI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.99 | 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 |
|---|---|---|---|
| 133.20 | 127.94 | 5.26 (3.95%) | 25.00% |
| An entry @133.20. This is a Buy Stop order right above the resistance zone. | An exit @127.94. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.26 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- 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.
132.99
-0.13 (-0.1%)
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 10 / 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 58.3916. 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 0.363378, indicating a bearish trend.
What is the support and resistance level for NNI stock?
NELNET INC-CL A (NNI) has a support level at 132.69 and a resistance level at 133. Check the full technical report for our detailed analysis of NNI support and resistance levels.