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NEXTSOURCE MATERIALS INC (NEXT.CA) Stock Technical Analysis

TSX:NEXT - Toronto Stock Exchange - CA65343M2094 - Common Stock - Currency: CAD

0.24  +0.01 (+2.13%)

Technical Rating and Analysis

2

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.

98% of all other stocks performed better in the past year than NEXT.
NEXT is one of the lesser performing stocks in the Metals & Mining industry. 90% of 805 stocks in the same industry do better.
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.
Weekly and Daily overview Charts
NEXTSOURCE MATERIALS INC / NEXT Weekly stock chart
NEXTSOURCE MATERIALS INC / NEXT Daily stock chart
Setup Rating and Analysis

7

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.

Support and Resistance Analysis

0.22

0.25

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.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for NEXT.CA is down.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for NEXT.CA is up.
ChartMill Relative Strength2.49NEGATIVENEXT.CA has a low relative strength, it was outperformed by 97.51% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of NEXT.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)DOWNMIXEDThe current price of NEXT.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of NEXT.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)53.62NEUTRALThe RSI value for NEXT.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests NEXT.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)69.7NEUTRALThe Stochastics value for NEXT.CA is a neutral value.
Average True Range in percent/ATR (20)5.83HIGH VOLATILITYThe high ATR as a percentage value for NEXT.CA suggests high volalility.
Average Directional Index/ADX (14)16.39NEGATIVEThe low ADX value for NEXT.CA suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
NEXTSOURCE MATERIALS INC / NEXT Daily stock chart

NEXTSOURCE MATERIALS INC

TSX:NEXT (7/11/2025, 7:00:00 PM)

0.24

+0.01 (+2.13%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.13%
1 Week-2.04%
2 Weeks17.07%
1 Month2.13%
3 Month-18.64%
6 Month-70%
12 Month-71.43%
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)%5.83%
ATR Inc-36.36%
Range Today0.01
ADR(20)0.01
ADR(20)%5.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.49
Mansfield-5.88
10 Day High0.26
10 Day Low0.2
20 Day High0.26
20 Day Low0.2
52 Week High0.93
52 Week Low0.15
CS1 End0.23
CR1 Start0.25
Volume & EV
DER(3)0%
DER(5)0%
Volume24.60K
Volume Incr67%
Vol(5)94.57K
Vol(50)147.13K