NEXTDECADE CORP (NEXT) Stock Technical Analysis
NASDAQ:NEXT - Nasdaq - US65342K1051 - Common Stock - Currency: USD
Overall NEXT gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NEXT has a been trading in the 9.56 - 11.85 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, NEXT did better than 94% of all other stocks. On top of that, NEXT also shows a nice and consistent pattern of rising prices.
NEXT is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 96% of 209 stocks in the same industry.
NEXT has an average volume of 2768340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
NEXT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NEXT is lagging the market.
Although NEXT has an excellent technical rating, it does not present a decent entry opportunity 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
5.08
9.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.70 to 9.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.34 from a trend line in the weekly time frame.
- Support @5.13 from a trend line 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 | DOWN | NEGATIVE | The short term trend for NEXT is down. |
| ChartMill Relative Strength | 94.6 | POSITIVE | NEXT has a high relative strength, it outperformed 94.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NEXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NEXT is below 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) | 37.51 | NEUTRAL | The RSI value for NEXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests NEXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.97 | OVERSOLD | The low Stochastics value suggests NEXT may be oversold. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for NEXT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.28 | 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)
9.71
-0.01 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.15%
1 Week-9.25%
2 Weeks-13.3%
1 Month-14.97%
3 Month28.95%
6 Month23.54%
12 Month98.16%
2 Year59.97%
3 Year31.75%
5 Year630.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%5.23%
ATR Inc-41.36%
Range Today0.29
ADR(20)0.51
ADR(20)%5.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.6
Mansfield1.66
10 Day High11.29
10 Day Low9.56
20 Day High11.85
20 Day Low9.56
52 Week High12.12
52 Week Low4.27
CS1 End9.7
CR1 StartN/A
Volume & EV
DER(3)0.09%
DER(5)0.05%
Volume1.93M
Volume Incr-18.31%
Vol(5)2.15M
Vol(50)2.77M