NELNET INC-CL A (NNI) Technical Analysis
NYSE:NNI • US64031N1081
Current stock price
NNI Technical Rating and Analysis
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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NNI is one of the better performing stocks in the market, outperforming 75% of all stocks. We also observe that the gains produced by NNI over the past year are nicely spread over this period.
- NNI is part of the Consumer Finance industry. There are 54 other stocks in this industry. NNI outperforms 73% of them.
- NNI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NNI has a been trading in the 128.23 - 144.38 range, which is quite wide. It is currently trading near the high of this range.
NNI Weekly and Daily overview Charts
NNI Setup Rating and Analysis
NNI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
NNI Support and Resistance Analysis
108.32
We found 3 important support areas.
- A support zone ranging from 141.02 to 141.13. 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 125.38 to 128.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @141.67 from a horizontal line in the weekly time frame.
- Resistance @144.24 from a horizontal line in the daily time frame.
NNI Technical Indicator Signal Analysis
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 | 75.23 | POSITIVE | NNI has a high relative strength, it outperformed 75.23% 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) | 65.34 | NEUTRAL | The RSI value for NNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests NNI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.38 | OVERBOUGHT | The high Stochastics value suggests NNI may be overbought. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for NNI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.94 | NEUTRAL | The ADX value for NNI suggests a possible start of a new trend. |
NNI Chart- and CandleStick Pattern Analysis
NNI Example Setup
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 |
|---|---|---|---|
| 141.68 | 141.01 | 0.67 (0.47%) | 25.00% |
| An entry @141.68. This is a Buy Stop order right above the resistance zone. | An exit @141.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.67 points, which is 0.47%. | For a 0.12% 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.
NNI Technicals: Chart, Performance Metrics, Trend & Indicators
141.66
-0.04 (-0.03%)
NELNET INC-CL A / NNI TA FAQ
What is the ChartMill technical rating of NELNET INC-CL A (NNI) stock?
ChartMill assigns a technical rating of 10 / 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.
Can you provide the RSI signal for NELNET INC-CL A?
NELNET INC-CL A (NNI) has an RSI value of 65.3355. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NELNET INC-CL A?
The MACD indicator for NELNET INC-CL A (NNI) has a value of 0.336167, indicating a bearish trend.
What is the support and resistance level for NNI stock?
NELNET INC-CL A (NNI) has a support level at 141.13 and a resistance level at 141.67. Check the full technical report for our detailed analysis of NNI support and resistance levels.