NEXTSOURCE MATERIALS INC (NEXT.CA) Stock Technical Analysis
TSX:NEXT - Toronto Stock Exchange - CA65343M2094 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to NEXT. NEXT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
NEXT is one of the better performing stocks in the Metals & Mining industry, it outperforms 71% of 806 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, NEXT did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
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.
In the last month NEXT has a been trading in the 0.33 - 0.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, NEXT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.41, a Stop Loss order could be placed below this zone.
More info and screens
0.28
0.91
2 important support areas can be observed.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.28 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @0.47 from a trend line in the daily time frame.
- Resistance @0.51 from a trend line in the daily 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 | 87.74 | POSITIVE | NEXT.CA has a high relative strength, it outperformed 87.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NEXT.CA is below 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) | DOWN | NEGATIVE | The current price of NEXT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.59 | NEUTRAL | The RSI value for NEXT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests NEXT.CA has a negative trend. |
| Stochastics (14,3) | 42.75 | NEUTRAL | The Stochastics value for NEXT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 17.14 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 35.88 | POSITIVE | The high ADX value value for NEXT.CA suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.48 | 0.40 | 0.08 (16.67%) | 6.00% |
| An entry @0.48. This is a Buy Stop order right above the resistance zone. | An exit @0.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.08 points, which is 16.67%. | For a 1.00% total portfolio risk, you can invest 6.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NEXT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:NEXT (8/20/2025, 7:00:00 PM)
0.42
+0.01 (+1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.2%
1 Week-15.15%
2 Weeks-10.64%
1 Month15.07%
3 Month147.06%
6 Month-12.5%
12 Month-46.15%
2 Year-73.75%
3 Year-83.59%
5 Year20%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%17.14%
ATR Inc-25.93%
Range Today0.04
ADR(20)0.07
ADR(20)%16.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.74
Mansfield-2.19
10 Day High0.54
10 Day Low0.39
20 Day High0.58
20 Day Low0.33
52 Week High0.93
52 Week Low0.15
CS1 End0.41
CR1 Start0.47
Volume & EV
DER(3)-49.02%
DER(5)-95.71%
Volume68.74K
Volume Incr-58.85%
Vol(5)103.05K
Vol(50)142.94K