NNN REIT INC (NNN) Stock Technical Analysis
NYSE:NNN • US6374171063
Overall NNN gets a technical rating of 8 out of 10. Although NNN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- NNN is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NNN has a been trading in the 40.93 - 45.83 range, which is quite wide. It is currently trading near the high of this range.
- NNN has an average volume of 1539110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, NNN outperforms 61% of them, which is more or less in line with the market.
- NNN is an average performer in the Diversified REITs industry, it outperforms 63% of 122 stocks in the same industry.
Besides having an excellent technical rating, NNN also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 45.33. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
38.65
We found 4 important support areas.
- A support zone ranging from 43.49 to 43.53. 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 41.95 to 42.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @41.01 from a horizontal line in the daily time frame.
- A support zone ranging from 39.04 to 39.70. 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 45.33 to 45.33. 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 NNN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NNN is up. |
| ChartMill Relative Strength | 61.35 | NEUTRAL | NNN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NNN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NNN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NNN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.36 | OVERBOUGHT | The high RSI value suggests NNN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NNN has a positive trend. |
| Stochastics (14,3) | 78.45 | NEUTRAL | The Stochastics value for NNN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for NNN suggests low volalility. |
| Average Directional Index/ADX (14) | 37.12 | POSITIVE | The high ADX value value for NNN suggests a strong 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 |
|---|---|---|---|
| 45.34 | 43.45 | 1.89 (4.17%) | 23.99% |
| An entry @45.34. This is a Buy Stop order right above the resistance zone. | An exit @43.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.89 points, which is 4.17%. | For a 1.00% total portfolio risk, you can invest 23.99% 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.
45.32
+0.34 (+0.76%)
NNN REIT INC / NNN FAQ
Can you provide the ChartMill technical rating for NNN REIT INC?
ChartMill assigns a technical rating of 8 / 10 to NNN.
What is the current trend direction of NNN REIT INC (NNN) stock?
The current trend direction for NNN REIT INC (NNN) is Bullish.
What is the RSI signal for NNN stock?
NNN REIT INC (NNN) has an RSI value of 70.3601. This indicates that the stock is currently overbought.
What is the MACD signal for NNN stock?
The MACD indicator for NNN REIT INC (NNN) has a value of 0.0892434, indicating a bearish trend.
What is the short term momentum for NNN stock?
The short term momentum for NNN REIT INC (NNN) is positive.