NEXTSOURCE MATERIALS INC (NEXT.CA) Stock Technical Analysis
TSX:NEXT - Toronto Stock Exchange - CA65343M2094 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to NEXT. Recently some decent action could be observed, but in the medium term time frame this is still negative. NEXT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NEXT is a bad performer in the overall market: 98% of all stocks are doing better.
NEXT is part of the Metals & Mining industry. There are 805 other stocks in this industry, of which 91% are performing better than NEXT.
NEXT 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.
In the last month NEXT has a been trading in the 0.20 - 0.26 range, which is quite wide. It is currently trading near the high of this range.
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.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NEXT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.23, a Stop Loss order could be placed below this zone.
More info and screens
0.23
0.25
When analyzing the support we notice one important area.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.24 from a trend line in the daily time frame.
- A resistance zone ranging from 0.25 to 0.25. 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 | DOWN | NEGATIVE | The long term trend for NEXT.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEXT.CA is up. |
| ChartMill Relative Strength | 2.05 | NEGATIVE | NEXT.CA has a low relative strength, it was outperformed by 97.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEXT.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NEXT.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NEXT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.62 | NEUTRAL | The RSI value for NEXT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NEXT.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.7 | NEUTRAL | The Stochastics value for NEXT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.13 | NEGATIVE | The low ADX value for NEXT.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:NEXT (7/14/2025, 7:00:00 PM)
0.24
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks6.67%
1 Month4.35%
3 Month-18.64%
6 Month-71.08%
12 Month-72.73%
2 Year-85.45%
3 Year-91.14%
5 Year-36.84%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.94%
ATR Inc-18.6%
Range Today0.01
ADR(20)0.01
ADR(20)%5.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.05
Mansfield-5.79
10 Day High0.26
10 Day Low0.23
20 Day High0.26
20 Day Low0.2
52 Week High0.93
52 Week Low0.15
CS1 End0.23
CR1 Start0.24
Volume & EV
DER(3)0%
DER(5)0%
Volume35.15K
Volume Incr-3.11%
Vol(5)60.32K
Vol(50)147.13K