NEXXEN INTERNATIONAL LTD (NEXN) Stock Technical Analysis
USA - NASDAQ:NEXN - IL0012165630 - Common Stock
We assign a technical rating of 0 out of 10 to NEXN. NEXN'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.
The technical rating of NEXN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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7.59
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 8.41 to 8.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.11 from a trend 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 | DOWN | NEGATIVE | The short term trend for NEXN is down. |
| ChartMill Relative Strength | 20.58 | NEGATIVE | NEXN has a low relative strength, it was outperformed by 79.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEXN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEXN is below 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) | 32.09 | NEUTRAL | The RSI value for NEXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NEXN has a negative trend. |
| Stochastics (14,3) | 7.42 | OVERSOLD | The low Stochastics value suggests NEXN may be oversold. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for NEXN suggests some volalility. |
| Average Directional Index/ADX (14) | 17.25 | NEGATIVE | The low ADX value for NEXN suggests a weak or negative trend. |
7.67
-0.1 (-1.29%)
NEXXEN INTERNATIONAL LTD / NEXN FAQ
What is the technical rating for NEXN stock?
ChartMill assigns a technical rating of 0 / 10 to NEXN.
What is the trend direction for NEXN stock?
The current trend direction for NEXXEN INTERNATIONAL LTD (NEXN) is Bearish.
What is the RSI signal for NEXXEN INTERNATIONAL LTD (NEXN) stock?
NEXXEN INTERNATIONAL LTD (NEXN) has an RSI value of 32.0884. This indicates that the stock is currently neutral.
What is the buy/sell signal for NEXXEN INTERNATIONAL LTD (NEXN) stock?
The buy/sell signal for NEXXEN INTERNATIONAL LTD (NEXN) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for NEXXEN INTERNATIONAL LTD?
NEXXEN INTERNATIONAL LTD (NEXN) has a resistance level at 8.41. Check the full technical report for our detailed analysis of NEXN support and resistance levels.