NEXA RESOURCES SA (NEXA) Stock Technical Analysis
USA - NYSE:NEXA - LU1701428291 - Common Stock
Taking everything into account, NEXA scores 7 out of 10 in our technical rating. In the last year, NEXA was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although NEXA has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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4.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.30 to 5.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.04 from a trend line in the daily time frame.
- Support @4.77 from a horizontal line in the daily time frame.
- Support @4.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.26 to 6.36. 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 NEXA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEXA is up. |
| ChartMill Relative Strength | 60.79 | NEUTRAL | NEXA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEXA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEXA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEXA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.07 | NEUTRAL | The RSI value for NEXA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests NEXA has a positive trend. |
| Stochastics (14,3) | 84.88 | OVERBOUGHT | The high Stochastics value suggests NEXA may be overbought. |
| Average True Range in percent/ATR (20) | 5.34 | HIGH VOLATILITY | The high ATR as a percentage value for NEXA suggests high volalility. |
| Average Directional Index/ADX (14) | 46.12 | POSITIVE | The high ADX value value for NEXA suggests a strong trend. |
6.25
-0.1 (-1.57%)
NEXA RESOURCES SA / NEXA FAQ
What is the ChartMill technical rating of NEXA RESOURCES SA (NEXA) stock?
ChartMill assigns a technical rating of 7 / 10 to NEXA.
Can you provide the trend direction for NEXA RESOURCES SA?
The current trend direction for NEXA RESOURCES SA (NEXA) is Bearish.
What is the RSI signal for NEXA RESOURCES SA (NEXA) stock?
NEXA RESOURCES SA (NEXA) has an RSI value of 67.0697. This indicates that the stock is currently neutral.
What is the short term momentum for NEXA RESOURCES SA (NEXA) stock?
The short term momentum for NEXA RESOURCES SA (NEXA) is positive.