NEXGEN ENERGY LTD (NXE) Technical Analysis
NYSE:NXE • CA65340P1062
Current stock price
NXE Technical Rating and Analysis
We assign a technical rating of 10 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!
- Looking at the yearly performance, NXE did better than 93% of all other stocks. We also observe that the gains produced by NXE over the past year are nicely spread over this period.
- NXE is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 85% of 209 stocks in the same industry.
- NXE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NXE is lagging the market slightly.
- NXE has an average volume of 7549090 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 10.64 - 13.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NXE Weekly and Daily overview Charts
NXE Setup Rating and Analysis
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
NXE Support and Resistance Analysis
9.15
6 important support areas can be observed.
- A support zone ranging from 11.66 to 11.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.36 from a trend line in the daily time frame.
- A support zone ranging from 11.03 to 11.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.83 from a horizontal line in the daily time frame.
- Support @9.81 from a trend line in the weekly time frame.
- Support @9.24 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @12.79 from a horizontal line in the weekly time frame.
NXE Technical Indicator Signal Analysis
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 | 93.15 | POSITIVE | NXE has a high relative strength, it outperformed 93.15% 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) | 53.68 | NEUTRAL | The RSI value for NXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests NXE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.98 | NEUTRAL | The Stochastics value for NXE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.72 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE suggests some volalility. |
| Average Directional Index/ADX (14) | 12.58 | NEGATIVE | The low ADX value for NXE suggests a weak or negative trend. |
NXE Chart- and CandleStick Pattern Analysis
NXE Technicals: Chart, Performance Metrics, Trend & Indicators
12.18
-0.53 (-4.17%)
NEXGEN ENERGY LTD / NXE TA FAQ
What is the technical rating for NXE stock?
ChartMill assigns a technical rating of 10 / 10 to NXE.
Can you provide the trend direction for NEXGEN ENERGY LTD?
The current trend direction for NEXGEN ENERGY LTD (NXE) is Bullish.
What is the RSI signal for NXE stock?
NEXGEN ENERGY LTD (NXE) has an RSI value of 53.6825. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEXGEN ENERGY LTD?
The short term momentum for NEXGEN ENERGY LTD (NXE) is positive.
Can you provide the support and resistance levels for NEXGEN ENERGY LTD?
NEXGEN ENERGY LTD (NXE) has a support level at 11.81 and a resistance level at 12.79. Check the full technical report for our detailed analysis of NXE support and resistance levels.