NEXTPLAT CORP (NXPL) Stock Technical Analysis
NASDAQ:NXPL - Nasdaq - US68557F2092 - Common Stock - Currency: USD
Taking everything into account, NXPL scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. NXPL was also a bad performer in the overall market in the last year.
93% of all other stocks performed better in the past year than NXPL.
NXPL is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry, of which 96% are performing better than NXPL.
NXPL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NXPL is lagging the market.
NXPL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Although the technical rating is only medium, NXPL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.70, a Stop Loss order could be placed below this zone.
More info and screens
0.59
0.88
2 important support areas can be observed.
- A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.60 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.71 to 0.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.74 from a trend line in the weekly time frame.
- Resistance @0.87 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for NXPL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXPL is up. |
| ChartMill Relative Strength | 7.34 | NEGATIVE | NXPL has a low relative strength, it was outperformed by 92.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NXPL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXPL is above the rising 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) | 56.83 | NEUTRAL | The RSI value for NXPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NXPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.38 | NEUTRAL | The Stochastics value for NXPL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for NXPL suggests high volalility. |
| Average Directional Index/ADX (14) | 32.16 | POSITIVE | The high ADX value value for NXPL 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)
0.698
+0.03 (+4.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryDiversified Telecommunication Services
Performance
% Chg4.18%
1 Week5.76%
2 Weeks6.97%
1 Month17.71%
3 Month-31.57%
6 Month-41.83%
12 Month-40.34%
2 Year-74.33%
3 Year-63.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%8.19%
ATR Inc23.66%
Range Today0.06
ADR(20)0.06
ADR(20)%8.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.34
Mansfield-3.2
10 Day High0.76
10 Day Low0.62
20 Day High0.76
20 Day Low0.56
52 Week High2.3
52 Week Low0.43
CS1 End0.7
CR1 Start0.71
Volume & EV
DER(3)-15.92%
DER(5)-14.81%
Volume4.40K
Volume Incr-48.64%
Vol(5)19.56K
Vol(50)257.27K