RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NN
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NextNav Inc. stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 31.37% PDF

The NextNav Inc. stock price fell by -0.289% on the last day (Wednesday, 27th Mar 2024) from $6.93 to $6.91. During the last trading day the stock fluctuated 6.36% from a day low at $6.71 to a day high of $7.14. The price has risen in 7 of the last 10 days and is up by 23.28% over the past 2 weeks. Volume has increased on the last day by 229 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $7.81 million.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $6.95 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.10% during the next 3 months and, with a 90% probability hold a price between $4.66 and $8.28 at the end of this 3-month period.

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NN Signals & Forecast

The NextNav Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $5.98 and $4.60. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.289%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for NextNav Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.61 and $5.26. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NextNav Inc. finds support just below today's level at $5.61. If this is broken, then the next support from accumulated volume will be at $5.26 and $5.24.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.427 between high and low, or 6.36%. For the last week, the stock has had daily average volatility of 11.38%.

The NextNav Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $6.73 (-2.57%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (NN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect NextNav Inc. to open at $6.92, and during the day (based on 14 day Average True Range), to move between $6.40 and $7.42, which gives a possible trading interval of +/-$0.507 (+/-7.33%) up or down from last closing price. If NextNav Inc. takes out the full calculated possible swing range there will be an estimated 14.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $6.93 (0.29%) than the support at $5.61 (18.89%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is NextNav Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NextNav Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.962 Buy Candidate Upgraded

Predicted Opening Price for NextNav Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.92 ( 0.129%) $6.91

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.35 6.31 %
R2 7.18 3.95 %
R1 7.08 2.49 %
Current price: 6.91
Support S1 6.76 -2.23 %
S2 6.66 -3.69 %
S3 6.49 -6.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 6.93 0.289 %
Current price 6.91
Support S1 5.61 -18.89%
S2 5.26 -23.88%
S3 5.24 -24.17%

FAQ

What is the symbol for NextNav Inc. Stock and on which exchange is it traded?
The symbol for NextNav Inc. is NN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell NextNav Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for NextNav Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy NextNav Inc. Stock?
NextNav Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy NextNav Inc. Stock.

What's the current price of NextNav Inc. Stock?
As of the end of day on the 2024-03-27, the price of an NextNav Inc. (NN) share was $6.91.

What is the 52-week high and low for NextNav Inc. Stock?
The 52-week high for NextNav Inc. Stock is $7.14 and the 52-week low is $1.74.

What is the market capitalization of NextNav Inc. Stock?
As of the 2024-03-27, the market capitalization of NextNav Inc. is 768.323M.

When is the next earnings date for NextNav Inc.?
The upcoming earnings date for NextNav Inc. is May 08, 2024.
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About NextNav Inc.

NextNav. NextNav Inc. provides next generation global positioning system (GPS) and 3D geolocation services. The company delivers next generation positioning, navigation, and timing solutions through its network-based Pinnacle and TerraPoiNT solutions. Its Pinnacle 3D geolocation service is commercially available in approximately 4,400 cities and towns in the United States; and its TerraPoiNT terrestrial-based encrypted network has deployments in 51 total ... NN Profile

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