NELNET INC-CL A (NNI) Stock Technical Analysis
USA - NYSE:NNI - US64031N1081 - Common Stock
We assign a technical rating of 8 out of 10 to NNI. Both in the recent history as in the last year, NNI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, NNI also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 132.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 130.27, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NNI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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105.39
We found 5 important support areas.
- A support zone ranging from 126.08 to 130.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 122.65 to 122.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @119.62 from a horizontal line in the daily time frame.
- A support zone ranging from 112.34 to 112.45. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @106.45 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 132.70 to 132.70. 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 | 75.17 | POSITIVE | NNI has a high relative strength, it outperformed 75.17% 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) | 54.42 | NEUTRAL | The RSI value for NNI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests NNI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.54 | NEUTRAL | The Stochastics value for NNI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for NNI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.26 | 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 |
|---|---|---|---|
| 132.71 | 127.24 | 5.47 (4.12%) | 24.26% |
| An entry @132.71. This is a Buy Stop order right above the resistance zone. | An exit @127.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.47 points, which is 4.12%. | For a 1.00% total portfolio risk, you can invest 24.26% of your capital in this trade. |
- 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.
130.48
+1.67 (+1.3%)
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 8 / 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 54.4225. 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 -0.227005, indicating a bearish trend.
What is the support and resistance level for NNI stock?
NELNET INC-CL A (NNI) has a support level at 130.27 and a resistance level at 132.7. Check the full technical report for our detailed analysis of NNI support and resistance levels.