NEXGEN ENERGY LTD (NXE.CA) Stock Technical Analysis
TSX:NXE - Toronto Stock Exchange - CA65340P1062 - Common Stock - Currency: CAD
Overall NXE gets a technical rating of 5 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. NXE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, NXE is a bad performer in the overall market: 73% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NXE has a been trading in the 7.10 - 9.07 range, which is quite wide. It is currently trading near the high of this range.
NXE has an average volume of 1673600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NXE is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry, NXE did better than 54% of them.
NXE 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 NXE is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
NXE 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
7.43
9.00
We found 1 important support area.
- Support @7.51 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @8.59 from a horizontal line in the weekly time frame.
- Resistance @8.91 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for NXE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXE.CA is up. |
| ChartMill Relative Strength | 27.96 | NEGATIVE | NXE.CA has a low relative strength, it was outperformed by 72.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NXE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NXE.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.95 | NEUTRAL | The RSI value for NXE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests NXE.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.81 | OVERBOUGHT | The high Stochastics value suggests NXE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 4.3 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.05 | POSITIVE | The high ADX value value for NXE.CA 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)
TSX:NXE (5/29/2025, 7:00:00 PM)
8.55
-0.35 (-3.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.93%
1 Week13.1%
2 Weeks9.48%
1 Month18.42%
3 Month11.76%
6 Month-28.21%
12 Month-19.49%
2 Year63.17%
3 Year42.5%
5 Year338.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%4.3%
ATR Inc-2.63%
Range Today0.44
ADR(20)0.35
ADR(20)%4.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.96
Mansfield-0.71
10 Day High9.07
10 Day Low7.35
20 Day High9.07
20 Day Low7.1
52 Week High12.51
52 Week Low5.59
CS1 End7.51
CR1 Start8.59
Volume & EV
DER(3)1.25%
DER(5)-0.92%
Volume1.94M
Volume Incr37.54%
Vol(5)2.07M
Vol(50)1.67M