NEXXEN INTERNATIONAL LTD (NEXN) Technical Analysis
NASDAQ:NEXN • IL0012165630
Current stock price
NEXN Technical Rating and Analysis
Overall NEXN gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEXN was also a bad performer in the overall market in the last year.
- 74% 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. The S&P500 Index however is trading in the upper part of its 52 week range, so NEXN is lagging the market.
- In the last month NEXN has a been trading in the 6.19 - 7.71 range, which is quite wide. It is currently trading near the lows of this range.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- NEXN is an average performer in the Media industry, it outperforms 58% of 92 stocks in the same industry.
- Considerably lower volume is observed in the last couple of days.
NEXN Weekly and Daily overview Charts
NEXN Setup Rating and Analysis
NEXN has an average technical rating and the quality of the presented setup is also not ideal 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
NEXN Support and Resistance Analysis
5.81
We found 1 important support area.
- A support zone ranging from 5.87 to 5.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.68 to 6.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.25 from a trend line in the daily time frame.
- Resistance @7.47 from a horizontal line in the weekly time frame.
NEXN 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 | NEUTRAL | NEUTRAL | The long term trend for NEXN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NEXN is neutral. |
| ChartMill Relative Strength | 26.84 | NEGATIVE | NEXN has a low relative strength, it was outperformed by 73.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEXN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEXN is above the rising 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) | 44.11 | NEUTRAL | The RSI value for NEXN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NEXN has a negative trend. |
| Stochastics (14,3) | 25.22 | NEUTRAL | The Stochastics value for NEXN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.9 | HIGH VOLATILITY | The high ATR as a percentage value for NEXN suggests high volalility. |
| Average Directional Index/ADX (14) | 21 | NEUTRAL | The ADX value for NEXN suggests a possible start of a new trend. |
NEXN Chart- and CandleStick Pattern Analysis
NEXN Technicals: Chart, Performance Metrics, Trend & Indicators
6.5
-0.15 (-2.26%)
NEXXEN INTERNATIONAL LTD / NEXN TA FAQ
What is the technical rating for NEXN stock?
ChartMill assigns a technical rating of 4 / 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 44.1111. 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 -0.0920841, 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 5.92 and a resistance level at 6.68. Check the full technical report for our detailed analysis of NEXN support and resistance levels.