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.
Although the technical rating is bad, NEXT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.23, a Stop Loss order could be placed below this zone.
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0.22
When analyzing the support we can see 2 important areas.
- 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 the daily time frame.
- A support zone ranging from 0.22 to 0.22. 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 one important area.
- 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 | 2.49 | NEGATIVE | NEXT.CA has a low relative strength, it was outperformed by 97.51% 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) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for NEXT.CA suggests a weak or negative trend. |
TSX:NEXT (7/11/2025, 7:00:00 PM)
0.24
+0.01 (+2.13%)