NexTier Oilfield Solutions Inc (NEX) Technical Analysis
NYSE:NEX • US65290C1053
Current stock price
NEX Technical Rating and Analysis
Overall NEX gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month NEX has a been trading in the 10.38 - 11.96 range, which is quite wide. It is currently trading near the lows of this range.
- NEX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NEX is performing more or less in line with the market.
- NEX has an average volume of 2563970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Looking at the yearly performance, NEX did better than 89% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- NEX is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry, NEX did better than 42% of them.
- Volume is considerably higher in the last couple of days.
NEX Weekly and Daily overview Charts
NEX Setup Rating and Analysis
Although the technical rating is only medium, NEX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NEX in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
NEX Support and Resistance Analysis
7.59
We found 3 important support areas.
- A support zone ranging from 10.50 to 10.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.39 from a trend line in the weekly time frame.
- Support @7.67 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @11.61 from a horizontal line in the weekly time frame.
- Resistance @11.93 from a horizontal line in the daily time frame.
NEX 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 | UP | POSITIVE | The long term trend for NEX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEX is down. |
| ChartMill Relative Strength | 89.89 | POSITIVE | NEX has a high relative strength, it outperformed 89.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.89 | NEUTRAL | The RSI value for NEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NEX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.31 | OVERSOLD | The low Stochastics value suggests NEX may be oversold. |
| Average True Range in percent/ATR (20) | 3.58 | MEDIUM VOLATILITY | The ATR as a percentage value for NEX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.86 | NEGATIVE | The low ADX value for NEX suggests a weak or negative trend. |
NEX Chart- and CandleStick Pattern Analysis
NEX Technicals: Chart, Performance Metrics, Trend & Indicators
10.61
+0.1 (+0.95%)
NexTier Oilfield Solutions Inc / NEX TA FAQ
What is the technical rating for NEX stock?
ChartMill assigns a technical rating of 5 / 10 to NEX.
What is the current trend direction of NexTier Oilfield Solutions Inc (NEX) stock?
The current trend direction for NexTier Oilfield Solutions Inc (NEX) is Bullish.
Can you provide the RSI signal for NexTier Oilfield Solutions Inc?
NexTier Oilfield Solutions Inc (NEX) has an RSI value of 43.8863. This indicates that the stock is currently neutral.
What is the MACD signal for NexTier Oilfield Solutions Inc (NEX) stock?
The MACD indicator for NexTier Oilfield Solutions Inc (NEX) has a value of -0.103109, indicating a bearish trend.
What is the short term momentum for NexTier Oilfield Solutions Inc (NEX) stock?
The short term momentum for NexTier Oilfield Solutions Inc (NEX) is negative.