NEXANS SA (NEX.PA) Stock Technical Analysis
EPA:NEX - Euronext Paris - Matif - FR0000044448 - Common Stock - Currency: EUR
We assign a technical rating of 5 out of 10 to NEX. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEX was also a bad performer in the overall market in the last year.
NEX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 101.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.43, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
82.90
3 important support areas can be observed.
- A support zone ranging from 100.12 to 100.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 96.64 to 97.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @83.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 101.39 to 103.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for NEX.PA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEX.PA is up. |
| ChartMill Relative Strength | 27.51 | NEGATIVE | NEX.PA has a low relative strength, it was outperformed by 72.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEX.PA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEX.PA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEX.PA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.86 | NEUTRAL | The RSI value for NEX.PA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests NEX.PA has a negative trend. |
| Stochastics (14,3) | 69.1 | NEUTRAL | The Stochastics value for NEX.PA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for NEX.PA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for NEX.PA suggests a possible start of a new trend. |
EPA:NEX (5/30/2025, 7:00:00 PM)
101.3
+0.3 (+0.3%)