NEXTDECADE CORP (NEXT) Stock Technical Analysis
NASDAQ:NEXT - Nasdaq - US65342K1051 - Common Stock - Currency: USD
Taking everything into account, NEXT scores 5 out of 10 in our technical rating. In the last year, NEXT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
NEXT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 82% of 213 stocks in the same industry.
NEXT has an average volume of 1963110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NEXT did better than 76% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
NEXT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NEXT is lagging the market slightly.
In the last month NEXT has a been trading in the 7.02 - 8.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NEXT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.97
9.20
4 important support areas can be observed.
- A support zone ranging from 7.52 to 7.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.20 to 7.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 5.94 to 6.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.02 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for NEXT is neutral. |
| ChartMill Relative Strength | 76.33 | POSITIVE | NEXT has a high relative strength, it outperformed 76.33% 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) | DOWN | MIXED | The current price of NEXT is above a declining 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) | 61.36 | NEUTRAL | The RSI value for NEXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NEXT has a positive trend. |
| Stochastics (14,3) | 54.39 | NEUTRAL | The Stochastics value for NEXT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.14 | NEGATIVE | The low ADX value for NEXT suggests a weak or negative 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)
8.28
+0.61 (+7.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.95%
1 Week11.44%
2 Weeks7.53%
1 Month11.59%
3 Month0.73%
6 Month14.36%
12 Month15.64%
2 Year49.19%
3 Year15.64%
5 Year448.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%5.19%
ATR Inc76.79%
Range Today0.84
ADR(20)0.42
ADR(20)%5.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.33
Mansfield1.4
10 Day High8.36
10 Day Low7.02
20 Day High8.6
20 Day Low7.02
52 Week High9.71
52 Week Low4.27
CS1 End7.65
CR1 Start9.1
Volume & EV
DER(3)0.78%
DER(5)-0.16%
Volume4.05M
Volume Incr33.54%
Vol(5)1.95M
Vol(50)1.96M