NEXGEN ENERGY LTD (NXE) Stock Technical Analysis
NYSE:NXE - New York Stock Exchange, Inc. - CA65340P1062 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NXE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NXE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
NXE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 210 stocks in the same industry.
In the last month NXE has a been trading in the 6.37 - 7.45 range, which is quite wide. It is currently trading near the high of this range.
NXE has an average volume of 9369160 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 85% of all other stocks. However, this relatively good performance is mostly due to a recent big 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NXE has an excellent technical rating, the quality of the presented setup is not ideal 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
6.36
7.50
We found 3 important support areas.
- A support zone ranging from 6.82 to 6.92. 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 6.61 to 6.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.42 to 6.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 85.73 | POSITIVE | NXE has a high relative strength, it outperformed 85.73% 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) | 70.55 | OVERBOUGHT | The high RSI value suggests NXE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NXE has a positive trend. |
| Stochastics (14,3) | 85.06 | OVERBOUGHT | The high Stochastics value suggests NXE may be overbought. |
| Average True Range in percent/ATR (20) | 3.8 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.75 | 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)
7.43
+0.34 (+4.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg4.8%
1 Week7.22%
2 Weeks14.13%
1 Month11.56%
3 Month45.69%
6 Month2.62%
12 Month13.96%
2 Year51.32%
3 Year70.41%
5 Year315.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%3.8%
ATR Inc28.23%
Range Today0.42
ADR(20)0.28
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.73
Mansfield0.71
10 Day High7.45
10 Day Low6.42
20 Day High7.45
20 Day Low6.37
52 Week High8.96
52 Week Low3.91
CS1 End6.92
CR1 StartN/A
Volume & EV
DER(3)5.61%
DER(5)2.98%
Volume8.82M
Volume Incr-2.99%
Vol(5)8.75M
Vol(50)9.37M