NEXGEN ENERGY LTD (NXE)       4.84  +0.23 (+4.99%)

4.84  +0.23 (+4.99%)

CA65340P1062 - Common Stock - After market: 4.84 0 (0%)

Technical Rating

8

We assign a technical rating of 8 out of 10 to NXE. Although NXE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



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 392 other stocks in this industry. NXE outperforms 73% of them.
In the last month NXE has a been trading in the 4.06 - 4.92 range, which is quite wide. It is currently trading near the high of this range.
NXE has an average volume of 2367250 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 89% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
NXE is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.

Statistics

1 Month 3 Months 6 Months 12 Months 13.88% 13.88% 11.01% 24.10% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 89.12 3.3908 - 6.56
NXE Weekly chart
NXE Daily chart

Support/Resistance Analysis


3.47

4.90
6 important support areas can be observed.
  • A support zone ranging from 4.64 to 4.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 4.37 to 4.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @4.16 from a horizontal line in the daily time frame.
  • Support @3.98 from a horizontal line in the daily time frame.
  • Support @3.60 from a horizontal line in the weekly time frame.
  • Support @3.51 from a horizontal line in the daily time frame.
We found 1 important resistance area.
  • A resistance zone ranging from 4.85 to 4.85. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

5

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.


NXE Daily chart

NEXGEN ENERGY LTD4.84

NYSE:NXE (1/27/2023, 7:25:29 PM)+0.23 (+4.99%)

After market: 4.84 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels

Performance
Today 4.99% 1 Week 4.09%
2 Weeks 2.33% 1 Month 13.88%
3 Month 13.88% 6 Month 11.01%

Volatility
ATR(14) 0.19 ATR(20)% 4.13%
ATR Inc 51.05% Range Today 0.35

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 89.12 Mansfield 0.84
10 Day High 4.92 10 Day Low 4.36
20 Day High 4.92 20 Day Low 4.06
52 Week High 6.56 52 Week Low 3.39
CS1 End 4.67 CR1 Start 4.85

Volume & EV
DER(3) 1.69% DER(5) 0.52%
Volume 2.70M Volume Incr 41.45%
Vol(5) 2.90M Vol(50) 2.37M

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