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NNBR Stock NN (NNBR, $3.41) RSI Indicator left the oversold zone on November 04, 2024

A.I.dvisor
at Tickeron.com
11/05/24
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NNBR - NN
RSI signal
Bullish Trend
Odds of UP Trend
Tickeron
RSI signal
Price: $3.41
Daily change: +$0.25 (+7.74%)
Daily volume: 307.7K
Capitalization: $170.3M
This is a signal that NNBR's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. A.I.dvisor looked back and found 30 similar cases where NNBR's RSI Indicator left the oversold zone, and in of them led to a successful outcome. Odds of Success:

Aroon Indicator for NNBR shows an upward move is likely

NNBR's Aroon Indicator triggered a bullish signal on October 25, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 182 similar instances where the Aroon Indicator showed a similar pattern. In of the 182 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where NNBR's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where NNBR's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NNBR advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .

NNBR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 28, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NNBR as a result. In of 76 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NNBR turned negative on October 24, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

NNBR moved below its 50-day moving average on October 31, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for NNBR crossed bearishly below the 50-day moving average on November 04, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NNBR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

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General Information

a manufacturer of metal bearing components, plastic and rubber products and precisionmetal components

Industry

Profile
Fundamentals
Details
Industry
Metal Fabrication
Address
6210 Ardrey Kell Road
Phone
+1 980 264-4300
Employees
3160
Web
https://www.nninc.com