NEXGEN ENERGY LTD (NXE) Stock Technical Analysis
NYSE:NXE - New York Stock Exchange, Inc. - CA65340P1062 - Common Stock - Currency: USD
Taking everything into account, NXE scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NXE has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
NXE is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. NXE outperforms 84% of them.
NXE has an average volume of 9257130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NXE is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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.
In the last month NXE has a been trading in the 6.37 - 7.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NXE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.31. Right above this resistance zone may be a good entry point. 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
6.36
7.52
3 important support areas can be observed.
- Support @6.97 from a trend line in the daily time frame.
- A support zone ranging from 6.55 to 6.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.31 to 7.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 84.94 | POSITIVE | NXE has a high relative strength, it outperformed 84.94% 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) | 55.04 | NEUTRAL | The RSI value for NXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NXE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.25 | NEUTRAL | The Stochastics value for NXE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for NXE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.93 | POSITIVE | The high ADX value value for NXE suggests a strong 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)
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 |
|---|---|---|---|
| 7.06 | 6.96 | 0.10 (1.37%) | 25.00% |
| An entry @7.06. This is a Buy Stop order right above the 10 day moving average. | An exit @6.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 1.37%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
7
-0.14 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.96%
1 Week2.34%
2 Weeks3.4%
1 Month0.86%
3 Month31.33%
6 Month6.71%
12 Month26.13%
2 Year42.57%
3 Year60.55%
5 Year291.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.03%
ATR Inc-5.03%
Range Today0.2
ADR(20)0.28
ADR(20)%4.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.94
Mansfield0.07
10 Day High7.45
10 Day Low6.69
20 Day High7.45
20 Day Low6.37
52 Week High8.96
52 Week Low3.91
CS1 End6.97
CR1 Start7.31
Volume & EV
DER(3)5.57%
DER(5)5.29%
Volume5.24M
Volume Incr-22.2%
Vol(5)6.81M
Vol(50)9.26M