NEXTGEN HEALTHCARE INC (NXGN) Stock Technical Analysis
NASDAQ:NXGN - Nasdaq - US65343C1027 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NXGN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NXGN is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
NXGN is part of the Health Care Technology industry. There are 37 other stocks in this industry. NXGN outperforms 88% of them.
NXGN is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NXGN is leading the market.
NXGN has an average volume of 1494470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NXGN did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month NXGN has a been trading in a tight range between 23.80 and 23.98.
NXGN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.66
24.19
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.39 to 23.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.85 to 16.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @15.82 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.95 to 23.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.01
Mansfield2.19
10 Day High23.98
10 Day Low23.86
20 Day High23.98
20 Day Low23.8
52 Week High23.98
52 Week Low15.23
Performance
1 Week0.13%
2 Weeks0.34%
1 Month0.55%
3 Month41.66%
6 Month43.44%
12 Month19.28%
2 Year54.45%
3 Year34.95%
5 Year36.41%
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)-0.08
RSI(14)82.49
LBB23.82
UBB23.95
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 |
|---|---|---|---|
| 23.96 | 23.85 | 0.11 (0.46%) | 25.00% |
| An entry @23.96. This is a Buy Stop order right above the resistance zone. | An exit @23.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.11 points, which is 0.46%. | For a 0.11% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
23.94
+0.03 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Technology
Performance
% Chg0.13%
1 Week0.13%
2 Weeks0.34%
1 Month0.55%
3 Month41.66%
6 Month43.44%
12 Month19.28%
2 Year54.45%
3 Year34.95%
5 Year36.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.18%
ATR Inc-9.26%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.01
Mansfield2.19
10 Day High23.98
10 Day Low23.86
20 Day High23.98
20 Day Low23.8
52 Week High23.98
52 Week Low15.23
CS1 End23.9
CR1 Start23.95
Volume & EV
DER(3)-2.56%
DER(5)-1.24%
Volume3.50M
Volume Incr83.33%
Vol(5)1.31M
Vol(50)1.49M