NELNET INC-CL A (NNI) Stock Technical Analysis
NYSE:NNI - New York Stock Exchange, Inc. - US64031N1081 - Common Stock - Currency: USD
Overall NNI gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, NNI is only an average performer.
NNI is part of the Consumer Finance industry. There are 52 other stocks in this industry, of which 62% are performing better than NNI.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month NNI has a been trading in the 107.45 - 120.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, NNI outperforms 61% of them, which is more or less in line with the market.
NNI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NNI is lagging the market slightly.
Besides having an excellent technical rating, NNI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
100.26
126.17
2 important support areas can be observed.
- A support zone ranging from 109.71 to 110.36. 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 101.27 to 105.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 122.39 to 122.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 124.92 to 124.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 61.39 | NEUTRAL | NNI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NNI is below 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) | 52.29 | NEUTRAL | The RSI value for NNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.53 | NEGATIVE | The MACD value suggests NNI has a negative trend. |
| Stochastics (14,3) | 28.03 | NEUTRAL | The Stochastics value for NNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for NNI suggests some volalility. |
| Average Directional Index/ADX (14) | 15.95 | NEGATIVE | The low ADX value for NNI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 117.43 | 111.81 | 5.62 (4.79%) | 20.90% |
| An entry @117.43. This is a Buy Stop order right above the 10 day high. | An exit @111.81. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.62 points, which is 4.79%. | When investing 20.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
114.59
+0.7 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryConsumer Finance
Performance
% Chg0.61%
1 Week-1.37%
2 Weeks0.53%
1 Month7.73%
3 Month-3.1%
6 Month5.59%
12 Month13.8%
2 Year18.77%
3 Year34.42%
5 Year140.03%
10 Year164.58%
15 Year494.35%
Volatility
ATR(14)2.02
ATR(20)%2.31%
ATR Inc-31.21%
Range Today1.58
ADR(20)2.49
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.39
Mansfield-0.07
10 Day High117.42
10 Day Low111.82
20 Day High120.01
20 Day Low107.45
52 Week High127.32
52 Week Low97.13
CS1 End110.36
CR1 Start122.39
Volume & EV
DER(3)1.85%
DER(5)2.18%
Volume51.10K
Volume Incr-1.91%
Vol(5)74.86K
Vol(50)66.91K