NEXGEN ENERGY LTD (NXE.CA) Stock Technical Analysis
TSX:NXE - Toronto Stock Exchange - CA65340P1062 - Common Stock - Currency: CAD
Taking everything into account, NXE scores 7 out of 10 in our technical rating. In the last year, NXE was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
NXE is part of the Oil, Gas & Consumable Fuels industry. There are 212 other stocks in this industry. NXE outperforms 88% of them.
NXE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
NXE has an average volume of 1612410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NXE did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
NXE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NXE is lagging the market.
NXE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
8.15
9.60
We found 2 important support areas.
- A support zone ranging from 9.10 to 9.17. 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 8.23 to 8.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @9.18 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 9.39 to 9.50. 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 NXE.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXE.CA is up. |
| ChartMill Relative Strength | 76.87 | POSITIVE | NXE.CA has a high relative strength, it outperformed 76.87% 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 | POSITIVE | The current price of NXE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.13 | NEUTRAL | The RSI value for NXE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NXE.CA has a negative trend. |
| Stochastics (14,3) | 54.42 | NEUTRAL | The Stochastics value for NXE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 32.45 | 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)
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 |
|---|---|---|---|
| 9.19 | 9.09 | 0.10 (1.09%) | 25.00% |
| An entry @9.19. This is a Buy Stop order right above the resistance zone. | An exit @9.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 1.09%. | For a 0.27% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NXE. Please evaluate whether better entry and exit points can be found.
- 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.
TSX:NXE (6/23/2025, 7:00:00 PM)
9.17
+0.11 (+1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.21%
1 Week-3.37%
2 Weeks2.34%
1 Month4.56%
3 Month41.29%
6 Month-7%
12 Month-3.88%
2 Year46.72%
3 Year98.48%
5 Year418.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%4.09%
ATR Inc-10.61%
Range Today0.35
ADR(20)0.34
ADR(20)%3.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.87
Mansfield-0.08
10 Day High9.81
10 Day Low8.56
20 Day High9.81
20 Day Low8.21
52 Week High12.51
52 Week Low5.59
CS1 End9.17
CR1 Start9.18
Volume & EV
DER(3)-2.64%
DER(5)-3.43%
Volume1.48M
Volume Incr-28.42%
Vol(5)1.33M
Vol(50)1.61M