NX Technical Analysis - QUANEX BUILDING PRODUCTS

Technical Rating and Analysis

Overall NX gets a technical rating of 0 out of 10. NX 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.

When comparing the yearly performance of all stocks, NX is a bad performer in the overall market: 96% of all stocks are doing better.

NX is one of the lesser performing stocks in the Building Products industry. 85% of 41 stocks in the same industry do better.

NX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month NX has a been trading in the 13.22 - 21.48 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

QUANEX BUILDING PRODUCTS / NX Weekly stock chart

QUANEX BUILDING PRODUCTS / NX Daily stock chart

Setup Rating and Analysis

The technical rating of NX is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.66

23.32

When analyzing the resistance we notice 4 important areas.

Resistance @15.24 from a horizontal line in the daily time frame.
Resistance @21.38 from a trend line in the weekly time frame.
Resistance @22.06 from a trend line in the daily time frame.
Resistance @23.09 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 NX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NX is down.
ChartMill Relative Strength	4.55	NEGATIVE	NX has a low relative strength, it was outperformed by 95.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NX is below a declining SMA(200).
Relative Strength Index/RSI (14)	30.04	NEUTRAL	The RSI value for NX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.11	NEGATIVE	The MACD value suggests NX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.53	OVERSOLD	The low Stochastics value suggests NX may be oversold.
Average True Range in percent/ATR (20)	6.96	HIGH VOLATILITY	The high ATR as a percentage value for NX suggests high volalility.
Average Directional Index/ADX (14)	35.62	POSITIVE	The high ADX value value for NX suggests a strong trend.