NATIONAL EXPRESS GROUP PLC (NEX.L) Technical Analysis
LON:NEX • GB0006215205
Current stock price
NEX.L Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NEX. NEX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, NEX is a bad performer in the overall market: 96% of all stocks are doing better.
- NEX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month NEX has a been trading in the 103.80 - 119.85 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
NEX.L Weekly and Daily overview Charts
NEX.L Setup Rating and Analysis
The technical rating of NEX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
NEX.L Support and Resistance Analysis
104.74
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 112.15 to 114.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 116.57 to 119.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @122.20 from a horizontal line in the daily time frame.
NEX.L Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for NEX.L is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEX.L is down. |
| ChartMill Relative Strength | 4.03 | NEGATIVE | NEX.L has a low relative strength, it was outperformed by 95.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEX.L is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEX.L is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEX.L is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.97 | NEUTRAL | The RSI value for NEX.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.49 | NEGATIVE | The MACD value suggests NEX.L has a negative trend. |
| Stochastics (14,3) | 21.82 | NEUTRAL | The Stochastics value for NEX.L is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for NEX.L suggests some volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for NEX.L suggests a weak or negative trend. |
NEX.L Chart- and CandleStick Pattern Analysis
NEX.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:NEX (6/21/2023, 5:29:55 PM)
105.8
-2.8 (-2.58%)
NATIONAL EXPRESS GROUP PLC / NEX.L TA FAQ
What is the technical rating for NEX stock?
ChartMill assigns a technical rating of 0 / 10 to NEX.L.
What is the trend direction for NEX stock?
The current trend direction for NATIONAL EXPRESS GROUP PLC (NEX.L) is Bearish.
What is the RSI signal for NATIONAL EXPRESS GROUP PLC (NEX.L) stock?
NATIONAL EXPRESS GROUP PLC (NEX.L) has an RSI value of 30.9682. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NATIONAL EXPRESS GROUP PLC?
The MACD indicator for NATIONAL EXPRESS GROUP PLC (NEX.L) has a value of -0.489293, indicating a bearish trend.
Can you provide the support and resistance levels for NATIONAL EXPRESS GROUP PLC?
NATIONAL EXPRESS GROUP PLC (NEX.L) has a resistance level at 112.15. Check the full technical report for our detailed analysis of NEX.L support and resistance levels.