NELNET INC. - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 60.96 USD
My targets
57.28 USD (-3.57%)
48.32 USD (-18.65%)
My analysis
The bearish basic trend is very strong on NELNET INC. but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 60.96 USD. Crossing the first support at 57.28 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 48.32 USD as an objective. Crossing it would then enable sellers to target 39.20 USD. Caution, a return to above the resistance located at 60.96 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
4.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NELNET INC. price is 59.40 USD. On the day, this instrument lost -1.51% and was between 59.31 USD and 60.55 USD. This implies that the price is at +0.15% from its lowest and at -1.90% from its highest.59.31
60.55
59.40
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this NELNET INC. chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.32 | 57.28 | 59.10 | 59.40 | 60.96 | 63.57 | 65.60 |
| Change (%) | -18.65% | -3.57% | -0.51% | - | +2.63% | +7.02% | +10.44% |
| Change | -11.08 | -2.12 | -0.30 | - | +1.56 | +4.17 | +6.20 |
| Level | Major | Major | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 59.30 | 59.78 | 60.05 | 60.53 | 60.80 | 61.28 | 61.55 |
| Camarilla | 60.10 | 60.17 | 60.24 | 60.31 | 60.38 | 60.45 | 60.52 |
| Woodie | 59.19 | 59.73 | 59.94 | 60.48 | 60.69 | 61.23 | 61.44 |
| Fibonacci | 59.78 | 60.07 | 60.25 | 60.53 | 60.82 | 61.00 | 61.28 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.70 | 57.70 | 59.01 | 60.01 | 61.32 | 62.32 | 63.63 |
| Camarilla | 59.68 | 59.89 | 60.10 | 60.31 | 60.52 | 60.73 | 60.95 |
| Woodie | 56.85 | 57.78 | 59.16 | 60.09 | 61.47 | 62.40 | 63.78 |
| Fibonacci | 57.70 | 58.59 | 59.13 | 60.01 | 60.90 | 61.44 | 62.32 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 50.44 | 54.10 | 56.17 | 59.83 | 61.90 | 65.56 | 67.63 |
| Camarilla | 56.66 | 57.19 | 57.72 | 58.24 | 58.77 | 59.29 | 59.82 |
| Woodie | 49.65 | 53.70 | 55.38 | 59.43 | 61.11 | 65.16 | 66.84 |
| Fibonacci | 54.10 | 56.29 | 57.64 | 59.83 | 62.02 | 63.37 | 65.56 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.14 | |
| MACD (12,26,9): | -0.2200 | |
| Directional Movement: | -2.35 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 59.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 58.11 | |
| Elder Ray (13): | 0.33 | |
| Super Trend (3,10): | 61.09 | |
| Zig ZAG (10): | 59.37 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 79.25 | |
| TEMA (21): | 59.51 | |
| Williams %R (14): | -40.30 | |
| Chande Momentum Oscillator (20): | 0.77 | |
| Repulse (5,40,3): | -1.8700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 3.04 |
| MA7: | 59.72 | |
| MA20: | 59.10 | |
| MA50: | 60.70 | |
| MA100: | 62.11 | |
| MAexp7: | 59.72 | |
| MAexp20: | 59.68 | |
| MAexp50: | 60.42 | |
| MAexp100: | 60.95 | |
| Price / MA7: | -0.54% | |
| Price / MA20: | +0.51% | |
| Price / MA50: | -2.14% | |
| Price / MA100: | -4.36% | |
| Price / MAexp7: | -0.54% | |
| Price / MAexp20: | -0.47% | |
| Price / MAexp50: | -1.69% | |
| Price / MAexp100: | -2.54% |
News
The last news published on NELNET INC. at the time of the generation of this analysis was as follows:
- Nelnet to Announce Fourth Quarter and Year-End Results
- Nelnet Re-Files Application for Industrial Bank Charter with the FDIC and the Utah Department of Financial Institutions
- Nelnet Reports Third Quarter 2019 Results
- Nelnet to Announce Third Quarter Results on November 7
- Nelnet Reports Second Quarter 2019 Results
This member declared not having a position on this financial instrument or a related financial instrument.
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