NEXTSOURCE MATERIALS INC (NEXT.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:NEXT - CA65343M2094 - Common Stock
We assign a technical rating of 2 out of 10 to NEXT. NEXT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
The technical rating of NEXT is bad and it also does not present a 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
0.37
When analyzing the support we can see 3 important areas.
- Support @0.39 from a trend line in the daily time frame.
- A support zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.37 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.46 from a trend line in the weekly time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for NEXT.CA is neutral. |
| ChartMill Relative Strength | 14.59 | NEGATIVE | NEXT.CA has a low relative strength, it was outperformed by 85.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NEXT.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NEXT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NEXT.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.37 | 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. |
| Stochastics (14,3) | 53.92 | NEUTRAL | The Stochastics value for NEXT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.33 | NEGATIVE | The low ADX value for NEXT.CA suggests a weak or negative trend. |
TSX:NEXT (12/5/2025, 7:00:00 PM)
0.435
+0.03 (+6.1%)
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 2 / 10 to NEXT.CA.
What is the trend direction for NEXT stock?
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 54.3749. This indicates that the stock is currently neutral.
What is the short term momentum for NEXTSOURCE MATERIALS INC (NEXT.CA) stock?
The short term momentum for NEXTSOURCE MATERIALS INC (NEXT.CA) is neutral.
Can you provide the support and resistance levels for NEXTSOURCE MATERIALS INC?
NEXTSOURCE MATERIALS INC (NEXT.CA) has a support level at 0.39 and a resistance level at 0.45. Check the full technical report for our detailed analysis of NEXT.CA support and resistance levels.