NEXGEN ENERGY LTD (NXE) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NXE • CA65340P1062
We assign a technical rating of 10 out of 10 to NXE. Both in the recent history as in the last year, NXE has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that NXE is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, NXE also shows a nice and consistent pattern of rising prices.
- NXE is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. NXE outperforms 95% of them.
- NXE is currently trading in the upper part of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So NXE is doing quite good in this market.
- NXE has an average volume of 7897970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month NXE has a been trading in the 10.14 - 13.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
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
7.55
When analyzing the support we can see 4 important areas.
- Support @9.33 from a trend line in the daily time frame.
- Support @8.69 from a trend line in the weekly time frame.
- A support zone ranging from 8.30 to 8.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.63 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 | 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 | 94.64 | POSITIVE | NXE has a high relative strength, it outperformed 94.64% off all stocks 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 | POSITIVE | The current price of NXE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.61 | NEUTRAL | The RSI value for NXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests NXE has a negative trend. |
| Stochastics (14,3) | 58.75 | NEUTRAL | The Stochastics value for NXE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for NXE suggests high volalility. |
| Average Directional Index/ADX (14) | 50.39 | POSITIVE | The high ADX value value for NXE suggests a strong trend. |
12.14
-0.43 (-3.42%)
NEXGEN ENERGY LTD / NXE FAQ
What is the technical rating for NXE stock?
ChartMill assigns a technical rating of 10 / 10 to NXE.
What is the trend direction for NXE stock?
The current trend direction for NEXGEN ENERGY LTD (NXE) is Bullish.
Can you provide the RSI signal for NEXGEN ENERGY LTD?
NEXGEN ENERGY LTD (NXE) has an RSI value of 56.6094. This indicates that the stock is currently neutral.
What is the short term momentum for NXE stock?
The short term momentum for NEXGEN ENERGY LTD (NXE) is positive.
Can you provide the buy/sell signal for NEXGEN ENERGY LTD?
The buy/sell signal for NEXGEN ENERGY LTD (NXE) is buy as both the short term and long term trends are positive.