NEXA RESOURCES SA (NEXA) Stock Technical Analysis
USA - NYSE:NEXA - LU1701428291 - Common Stock
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Taking everything into account, NEXA scores 4 out of 10 in our technical rating. In the past year, NEXA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, NEXA is a bad performer in the overall market: 87% of all stocks are doing better.
NEXA is one of the lesser performing stocks in the Metals & Mining industry. 87% of 156 stocks in the same industry do better.
NEXA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: NEXA has an average volume of 29174 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month NEXA has a been trading in the 4.79 - 5.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NEXA 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. We notice that large players showed an interest for NEXA 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
4.60
5.32
3 important support areas can be observed.
- A support zone ranging from 4.91 to 4.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.77 from a horizontal line in the daily time frame.
- A support zone ranging from 4.65 to 4.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.01 to 5.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.27 from a horizontal line in the daily time frame.
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 | 13.79 | NEGATIVE | NEXA has a low relative strength, it was outperformed by 86.21% off all stocks 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) | DOWN | NEGATIVE | The current price of NEXA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.89 | NEUTRAL | The RSI value for NEXA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NEXA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 27.05 | NEUTRAL | The Stochastics value for NEXA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.52 | MEDIUM VOLATILITY | The ATR as a percentage value for NEXA suggests some volalility. |
| Average Directional Index/ADX (14) | 30.98 | POSITIVE | The high ADX value value for NEXA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0.81%
2 Weeks0.81%
1 Month2.46%
3 Month1.21%
6 Month-19.22%
12 Month-30.26%
2 Year-17.36%
3 Year-3.1%
5 Year-5.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%4.52%
ATR Inc-16.72%
Range Today0.19
ADR(20)0.22
ADR(20)%4.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.79
Mansfield-2.56
10 Day High5.59
10 Day Low4.82
20 Day High5.59
20 Day Low4.79
52 Week High9.61
52 Week Low4.44
CS1 End4.96
CR1 Start5.01
Volume & EV
DER(3)8.05%
DER(5)5.13%
Volume106.40K
Volume Incr104.47%
Vol(5)69.88K
Vol(50)29.17K