NEXGEN ENERGY LTD (NXE) Stock Technical Analysis
NYSE:NXE - New York Stock Exchange, Inc. - CA65340P1062 - Common Stock - Currency: USD
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.
Both the short term and long term trends are positive. This is a very positive sign.
NXE is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. NXE outperforms 75% of them.
NXE has an average volume of 9873990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NXE turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
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.
In the last month NXE has a been trading in the 5.16 - 6.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NXE 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
5.31
6.48
We found 1 important support area.
- Support @5.36 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 6.25 to 6.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXE is up. |
| ChartMill Relative Strength | 67.06 | NEUTRAL | NXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NXE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NXE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.81 | NEUTRAL | The RSI value for NXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NXE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.38 | NEUTRAL | The Stochastics value for NXE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE suggests some volalility. |
| Average Directional Index/ADX (14) | 34.8 | POSITIVE | The high ADX value value for NXE 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)
6.02
-0.16 (-2.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.59%
1 Week-3.53%
2 Weeks10.26%
1 Month12.95%
3 Month24.12%
6 Month-28.08%
12 Month-12.75%
2 Year27.81%
3 Year67.69%
5 Year366.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%4.56%
ATR Inc-15.29%
Range Today0.28
ADR(20)0.26
ADR(20)%4.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.06
Mansfield-0.87
10 Day High6.6
10 Day Low5.29
20 Day High6.6
20 Day Low5.16
52 Week High8.96
52 Week Low3.91
CS1 End5.36
CR1 Start6.25
Volume & EV
DER(3)2.55%
DER(5)1.1%
Volume6.73M
Volume Incr7.44%
Vol(5)9.73M
Vol(50)9.87M