Taking everything into account, NEXM scores 0 out of 10 in our technical rating. 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.
Although the technical rating is bad, NEXM does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
3.40
When analyzing the support we notice one important area.
- Support @3.43 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.79 to 3.79. 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 NEXM is neutral. |
| 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 | MIXED | The current price of NEXM is above 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) | 43.7 | NEUTRAL | The RSI value for NEXM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests NEXM has a positive trend. |
| Stochastics (14,3) | 38.02 | NEUTRAL | The Stochastics value for NEXM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for NEXM suggests high volalility. |
| Average Directional Index/ADX (14) | 33.4 | POSITIVE | The high ADX value value for NEXM suggests a strong trend. |
3.78
+0.23 (+6.48%)
NEXMETALS MINING CORP / NEXM FAQ
What is the technical rating for NEXM stock?
ChartMill assigns a technical rating of 0 / 10 to NEXM.
What is the trend direction for NEXM stock?
The current trend direction for NEXMETALS MINING CORP (NEXM) is Bearish.
Can you provide the RSI signal for NEXMETALS MINING CORP?
NEXMETALS MINING CORP (NEXM) has an RSI value of 43.6971. 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 0.0596619, indicating a bearish trend.