NEXTSOURCE MATERIALS INC (NEXT.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NEXT - CA65343M2094 - Common Stock
We assign a technical rating of 5 out of 10 to NEXT. NEXT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, NEXT is a bad performer in the overall market: 92% of all stocks are doing better.
- NEXT is one of the lesser performing stocks in the Metals & Mining industry. 86% of 813 stocks in the same industry do better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month NEXT has a been trading in the 0.34 - 0.49 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- NEXT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEXT is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NEXT has an average technical rating and it also does not offer a high quality setup 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
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When analyzing the support we can see 4 important areas.
- Support @0.45 from a trend line in the daily time frame.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.35 from a trend line in the daily time frame.
- Support @0.34 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.46 to 0.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.85 from a trend line in the weekly time frame.
- Resistance @0.90 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for NEXT.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEXT.CA is up. |
| ChartMill Relative Strength | 8.97 | NEGATIVE | NEXT.CA has a low relative strength, it was outperformed by 91.03% 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) | UP | POSITIVE | The current price of NEXT.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEXT.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.51 | NEUTRAL | The RSI value for NEXT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NEXT.CA has a positive trend. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for NEXT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.22 | NEUTRAL | The ADX value for NEXT.CA suggests a possible start of a new trend. |
TSX:NEXT (1/13/2026, 7:00:00 PM)
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NEXTSOURCE MATERIALS INC / NEXT.CA FAQ
What is the ChartMill technical rating of NEXTSOURCE MATERIALS INC (NEXT.CA) stock?
ChartMill assigns a technical rating of 5 / 10 to NEXT.CA.
Can you provide the trend direction for NEXTSOURCE MATERIALS INC?
The current trend direction for NEXTSOURCE MATERIALS INC (NEXT.CA) is Bearish.
What is the RSI signal for NEXTSOURCE MATERIALS INC (NEXT.CA) stock?
NEXTSOURCE MATERIALS INC (NEXT.CA) has an RSI value of 61.5147. This indicates that the stock is currently neutral.
What is the support and resistance level for NEXT stock?
NEXTSOURCE MATERIALS INC (NEXT.CA) has a support level at 0.45 and a resistance level at 0.46. Check the full technical report for our detailed analysis of NEXT.CA support and resistance levels.