NextNav (NN) stock is oversold with RSI reading of 29.4, potential buying opportunity.

From Nasdaq: 2025-01-10 12:48:16

Legendary investor Warren Buffett advises to be greedy when others are fearful, and vice versa. NextNav Inc (NN) stock entered oversold territory with an RSI reading of 29.4, compared to the S&P 500 ETF’s reading of 39.6. This could indicate a buying opportunity as selling pressure eases. NN has a 52-week range of $3.55 to $18.5382, with the last trade at $11.70. Investors may want to monitor NN for potential entry points.

In trading on Friday, shares of NextNav Inc (NN) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $11.49 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.6. A bullish investor could look at NN’s 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.



Read more at Nasdaq: Oversold Conditions For NextNav (NN)