NEXTDECADE CORP (NEXT) Stock Technical Analysis
NASDAQ:NEXT - Nasdaq - US65342K1051 - Common Stock - Currency: USD
Overall NEXT gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NEXT is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
NEXT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 89% of 211 stocks in the same industry.
NEXT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NEXT is lagging the market slightly.
NEXT has an average volume of 1974120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NEXT is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month NEXT has a been trading in the 8.04 - 9.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
NEXT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.54, a Stop Loss order could be placed below this zone.
More info and screens
5.02
9.53
We found 5 important support areas.
- A support zone ranging from 8.51 to 8.69. 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 8.15 to 8.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.20 from a horizontal line in the daily time frame.
- A support zone ranging from 6.11 to 6.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.07 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.10 to 9.11. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 9.43 to 9.44. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The long term trend for NEXT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NEXT is up. |
| ChartMill Relative Strength | 86.56 | POSITIVE | NEXT has a high relative strength, it outperformed 86.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NEXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NEXT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NEXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.16 | NEUTRAL | The RSI value for NEXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NEXT has a positive trend. |
| Stochastics (14,3) | 54.86 | NEUTRAL | The Stochastics value for NEXT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for NEXT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.54 | POSITIVE | The high ADX value value for NEXT 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 |
|---|---|---|---|
| 9.12 | 8.40 | 0.72 (7.89%) | 12.67% |
| An entry @9.12. This is a Buy Stop order right above the resistance zone. | An exit @8.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.72 points, which is 7.89%. | When investing 12.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
8.94
+0.33 (+3.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.83%
1 Week3.83%
2 Weeks6.56%
1 Month8.76%
3 Month57.39%
6 Month8.63%
12 Month14.03%
2 Year60.5%
3 Year26.45%
5 Year476.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%4.57%
ATR Inc-11.3%
Range Today0.41
ADR(20)0.39
ADR(20)%4.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.56
Mansfield1.72
10 Day High9.42
10 Day Low8.09
20 Day High9.42
20 Day Low8.04
52 Week High9.71
52 Week Low4.27
CS1 End8.54
CR1 Start9.1
Volume & EV
DER(3)1.33%
DER(5)0.47%
Volume2.61M
Volume Incr23.77%
Vol(5)2.96M
Vol(50)1.97M