NEXGEN ENERGY LTD (NXE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NXE - CA65340P1062 - Common Stock
Overall NXE gets a technical rating of 8 out of 10. 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.
NXE has an excellent technical rating, but the quality of the setup is only medium 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
7.07
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.76 to 8.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.19 from a horizontal line in the daily time frame.
- A support zone ranging from 7.97 to 7.98. 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.
- Support @7.14 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.77 to 9.91. 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 | NEUTRAL | NEUTRAL | The short term trend for NXE is neutral. |
| ChartMill Relative Strength | 81.68 | POSITIVE | NXE has a high relative strength, it outperformed 81.68% 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) | 54.36 | NEUTRAL | The RSI value for NXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.61 | NEUTRAL | The Stochastics value for NXE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.12 | HIGH VOLATILITY | The high ATR as a percentage value for NXE suggests high volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for NXE suggests a weak or negative trend. |
9.13
+0.63 (+7.41%)
NEXGEN ENERGY LTD / NXE FAQ
What is the technical rating for NXE stock?
ChartMill assigns a technical rating of 8 / 10 to NXE.
What is the current trend direction of NEXGEN ENERGY LTD (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 54.3604. This indicates that the stock is currently neutral.
What are the support and resistance levels for NEXGEN ENERGY LTD (NXE) stock?
NEXGEN ENERGY LTD (NXE) has a support level at 8.93 and a resistance level at 9.77. Check the full technical report for our detailed analysis of NXE support and resistance levels.