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Long-Term Trendline Could Prop Geolocation Stock Higher
NextNavNextNav(US:NN) Schaeffers Investment Research·2025-10-29 03:17

Shares of 3D geolocation services provider Nextnav Inc (NASDAQ:NN) have struggled of late, and now carry a 17.8% deficit for 2025. Last seen down 0.7% to trade at 12.84,NNisfarremovedfromthisyearspeakof12.84, NN is far removed from this year's peak of 18.25, but support at the $12 level has kept price action in check for the last week. Plus, a historically bullish trendline suggests tailwinds could be in store for the equity.  Per Schaeffer's Senior Quantitative Analyst Rocky White, the equity is within 0.75 of the 320-day moving average's 20- ...