NEXT Technical Analysis - NEXT BIOMETRICS GROUP AS

Technical Rating and Analysis

Overall NEXT gets a technical rating of 0 out of 10. NEXT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

97% of all other stocks performed better in the past year than NEXT.

NEXT is part of the Electronic Equipment, Instruments & Components industry. There are 54 other stocks in this industry, of which 77% are performing better than NEXT.

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.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

In the last month NEXT has a been trading in the 2.79 - 3.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

NEXT BIOMETRICS GROUP AS / NEXT Weekly stock chart

NEXT BIOMETRICS GROUP AS / NEXT Daily stock chart

Setup Rating and Analysis

NEXT has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

3.45

4.55

We can see 4 important resistance areas.

A resistance zone ranging from 3.49 to 3.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @3.60 from a horizontal line in the daily time frame.
Resistance @3.66 from a trend line in the daily time frame.
Resistance @4.50 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for NEXT.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NEXT.OL is down.
ChartMill Relative Strength	3.06	NEGATIVE	NEXT.OL has a low relative strength, it was outperformed by 96.94% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of NEXT.OL is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NEXT.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NEXT.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.55	NEUTRAL	The RSI value for NEXT.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests NEXT.OL has a positive trend.
Stochastics (14,3)	86.01	OVERBOUGHT	The high Stochastics value suggests NEXT.OL may be overbought.
Average True Range in percent/ATR (20)	6.84	HIGH VOLATILITY	The high ATR as a percentage value for NEXT.OL suggests high volalility.
Average Directional Index/ADX (14)	14.22	NEGATIVE	The low ADX value for NEXT.OL suggests a weak or negative trend.