NEXMETALS MINING CORP (NEXM) Technical Analysis
NASDAQ:NEXM • CA65346E2042
Current stock price
NEXM Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to NEXM. NEXM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than NEXM.
- NEXM is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 88% are performing better than NEXM.
- In the last month NEXM has a been trading in the 2.22 - 3.37 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days.
NEXM Weekly and Daily overview Charts
NEXM Setup Rating and Analysis
NEXM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.56. Right above this resistance zone may be a good entry point.
More info and screens
NEXM Support and Resistance Analysis
2.43
3 important resistance areas can be observed.
- A resistance zone ranging from 2.56 to 2.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.47 from a trend line in the daily time frame.
- A resistance zone ranging from 3.63 to 3.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
NEXM 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 NEXM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NEXM is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | NEXM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEXM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEXM is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 37.91 | NEUTRAL | The RSI value for NEXM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NEXM has a positive trend. |
| Stochastics (14,3) | 48.67 | NEUTRAL | The Stochastics value for NEXM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.87 | HIGH VOLATILITY | The high ATR as a percentage value for NEXM suggests high volalility. |
| Average Directional Index/ADX (14) | 34.83 | POSITIVE | The high ADX value value for NEXM suggests a strong trend. |
NEXM Chart- and CandleStick Pattern Analysis
NEXM Technicals: Chart, Performance Metrics, Trend & Indicators
2.45
+0.02 (+0.82%)
NEXMETALS MINING CORP / NEXM TA FAQ
What is the technical rating for NEXM stock?
ChartMill assigns a technical rating of 0 / 10 to NEXM.
Can you provide the trend direction for NEXMETALS MINING CORP?
The current trend direction for NEXMETALS MINING CORP (NEXM) is Bearish.
What is the RSI signal for NEXM stock?
NEXMETALS MINING CORP (NEXM) has an RSI value of 37.9091. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEXMETALS MINING CORP?
The MACD indicator for NEXMETALS MINING CORP (NEXM) has a value of 0.0430338, indicating a bearish trend.
What is the support and resistance level for NEXM stock?
NEXMETALS MINING CORP (NEXM) has a resistance level at 2.56. Check the full technical report for our detailed analysis of NEXM support and resistance levels.