NEXXEN INTERNATIONAL LTD (NEXN) Stock Technical Analysis
NASDAQ:NEXN • IL0012165630
Overall NEXN gets a technical rating of 2 out of 10. In the past year, NEXN 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.
- 80% of all other stocks performed better in the past year than NEXN.
- NEXN 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.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- NEXN is an average performer in the Media industry, it outperforms 54% of 91 stocks in the same industry.
- In the last month NEXN has a been trading in the 5.60 - 6.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEXN has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
5.83
We found 1 important support area.
- A support zone ranging from 5.89 to 5.91. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.45 to 6.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.70 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 | DOWN | NEGATIVE | The long term trend for NEXN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEXN is up. |
| ChartMill Relative Strength | 20.95 | NEGATIVE | NEXN has a low relative strength, it was outperformed by 79.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEXN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEXN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEXN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.75 | NEUTRAL | The RSI value for NEXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NEXN has a positive trend. |
| Stochastics (14,3) | 51.84 | NEUTRAL | The Stochastics value for NEXN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for NEXN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.35 | NEGATIVE | The low ADX value for NEXN suggests a weak or negative trend. |
6.44
+0.12 (+1.9%)
NEXXEN INTERNATIONAL LTD / NEXN FAQ
What is the technical rating for NEXN stock?
ChartMill assigns a technical rating of 2 / 10 to NEXN.
What is the current trend direction of NEXXEN INTERNATIONAL LTD (NEXN) stock?
The current trend direction for NEXXEN INTERNATIONAL LTD (NEXN) is Bearish.
What is the RSI signal for NEXN stock?
NEXXEN INTERNATIONAL LTD (NEXN) has an RSI value of 58.745. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEXXEN INTERNATIONAL LTD?
The MACD indicator for NEXXEN INTERNATIONAL LTD (NEXN) has a value of 0.0547911, indicating a bearish trend.
What are the support and resistance levels for NEXXEN INTERNATIONAL LTD (NEXN) stock?
NEXXEN INTERNATIONAL LTD (NEXN) has a support level at 5.91 and a resistance level at 6.45. Check the full technical report for our detailed analysis of NEXN support and resistance levels.