NEXGEN ENERGY LTD (NXE)
CA65340P1062 - Common Stock
Taking everything into account, NXE scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NXE has a been trading in the 7.46 - 8.88 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, NXE did better than 95% 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 part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. NXE outperforms 96% of them.
NXE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NXE is performing more or less in line with the market.
NXE has an average volume of 6186750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is only medium, NXE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 7.44, a Stop Loss order could be placed below this zone.
More info and screens
3.56
7.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 7.42 to 7.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.17 from a trend line in the daily time frame.
- A support zone ranging from 6.82 to 6.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.64 from a horizontal line in the daily time frame.
- Support @3.60 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.59
Mansfield1.81
10 Day High8.47
10 Day Low7.55
20 Day High8.88
20 Day Low7.46
52 Week High8.88
52 Week Low3.49
Performance
1 Week-4.99%
2 Weeks-9.73%
1 Month-1.68%
3 Month0.13%
6 Month35.65%
12 Month113.17%
2 Year54.36%
3 Year100.26%
5 Year381.65%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)44.83
LBB7.37
UBB8.77
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.89 | 7.54 | 0.36 (4.54%) | 22.05% |
| An entry @7.89. This is a Buy Stop order right above the 10 day moving average. | An exit @7.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.36 points, which is 4.54%. | When investing 22.05% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NXE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NEXGEN ENERGY LTD
NYSE:NXE (4/19/2024, 6:09:44 PM)
After market: 7.61 0 (0%)7.61
-0.03 (-0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.39%
1 Week-4.99%
2 Weeks-9.73%
1 Month-1.68%
3 Month0.13%
6 Month35.65%
12 Month113.17%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.39
ATR(20)%4.89%
ATR Inc
Range Today0.23
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.47
10 Day Low7.55
20 Day High8.88
20 Day Low7.46
52 Week High8.88
52 Week Low3.49
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume4.23M
Volume Incr-22.38%
Vol(5)4.55M
Vol(50)6.19M