NXPL Technical Analysis - NEXTPLAT CORP

Technical Rating and Analysis

Taking everything into account, NXPL scores 0 out of 10 in our technical rating. NXPL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

87% of all other stocks performed better in the past year than NXPL.

NXPL is one of the lesser performing stocks in the Diversified Telecommunication Services industry. 65% of 36 stocks in the same industry do better.

NXPL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month NXPL has a been trading in the 0.71 - 1.10 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

NXPL has a poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.64

0.91

When analyzing the support we can see 3 important areas.

Support @0.73 from a trend line in the daily time frame.
Support @0.68 from a horizontal line in the weekly time frame.
Support @0.65 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @0.87 from a trend line in the daily time frame.
Resistance @0.90 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for NXPL is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NXPL is down.
ChartMill Relative Strength	13.54	NEGATIVE	NXPL has a low relative strength, it was outperformed by 86.46% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NXPL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NXPL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NXPL is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.66	NEUTRAL	The RSI value for NXPL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests NXPL has a negative trend.
Stochastics (14,3)	7.85	OVERSOLD	The low Stochastics value suggests NXPL may be oversold.
Average True Range in percent/ATR (20)	8.66	HIGH VOLATILITY	The high ATR as a percentage value for NXPL suggests high volalility.
Average Directional Index/ADX (14)	24.34	NEUTRAL	The ADX value for NXPL suggests a possible start of a new trend.