NEXGEN ENERGY LTD (NXE)       3.72  +0.22 (+6.29%)

3.72  +0.22 (+6.29%)

CA65340P1062 - Common Stock - Premarket: 3.71 -0.01 (-0.27%)

Technical Rating

1

Overall NXE gets a technical rating of 1 out of 10. NXE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



NXE has an average volume of 2279950 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 55% of all stocks.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
NXE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 72% of 381 stocks in the same industry do better.
NXE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index however is also trading in the lower part of its yearly range, so it may just be a bad time for stocks in general.
In the last month NXE has a been trading in the 3.45 - 4.85 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.

Statistics

1 Month 3 Months 6 Months 12 Months -16.03% -0.27% -33.93% -24.39% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 55.33 3.3908 - 6.56
NXE Weekly chart
NXE Daily chart

Support/Resistance Analysis


3.46

4.47
We found 1 important support area.
  • A support zone ranging from 3.49 to 3.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 4.37 to 4.43. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

The technical rating of NXE is bad and it also does not present a quality setup 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 LTD3.72

NYSE:NXE (9/27/2022, 7:06:09 PM)+0.22 (+6.29%)

Premarket: 3.71 -0.01 (-0.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today 6.29% 1 Week -8.82%
2 Weeks -14.48% 1 Month -16.03%
3 Month -0.27% 6 Month -33.93%
Volatility
ATR(14) 0.26 ATR(20)% 7.42%
ATR Inc -9.06% Range Today 0.25
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 55.33 Mansfield -0.55
10 Day High 4.6 10 Day Low 3.45
20 Day High 4.85 20 Day Low 3.45
52 Week High 6.56 52 Week Low 3.39
CS1 End 3.53 CR1 Start 4.37
Volume & EV
DER(3) -1.66% DER(5) -0.09%
Volume 3.55M Volume Incr -6.61%
Vol(5) 2.85M Vol(50) 2.28M

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