NEXGEN ENERGY LTD (NXE) Stock Technical Analysis
NYSE:NXE - CA65340P1062 - Common Stock
6.59 USD
+0.13 (+2.01%)
6.76 USD
+0.17 (+2.58%)
We assign a technical rating of 3 out of 10 to NXE. NXE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month NXE has a been trading in the 6.26 - 7.42 range, which is quite wide. It is currently trading near the lows of this range.
NXE has an average volume of 8089740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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 52% of all stocks.
NXE is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, NXE did better than 67% of them.
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.
NXE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NXE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.37
7.52
We found 1 important support area.
- A support zone ranging from 6.43 to 6.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.76 to 6.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.12 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.25 to 7.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.44 to 7.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for NXE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXE is down. |
| ChartMill Relative Strength | 52.01 | NEUTRAL | NXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NXE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NXE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.77 | NEUTRAL | The RSI value for NXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.95 | NEUTRAL | The Stochastics value for NXE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.45 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.02 | NEGATIVE | The low ADX value for NXE suggests a weak or negative 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)
6.59
+0.13 (+2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.01%
1 Week-2.8%
2 Weeks-5.59%
1 Month-11.31%
3 Month5.61%
6 Month17.89%
12 Month2.97%
2 Year25.29%
3 Year48.42%
5 Year233.67%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.45%
ATR Inc-20.3%
Range Today0.19
ADR(20)0.28
ADR(20)%4.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.01
Mansfield-0.5
10 Day High7.28
10 Day Low6.26
20 Day High7.42
20 Day Low6.26
52 Week High8.96
52 Week Low3.91
CS1 End6.57
CR1 Start6.76
Volume & EV
DER(3)4.48%
DER(5)7.28%
Volume5.20M
Volume Incr-1.08%
Vol(5)6.65M
Vol(50)8.09M