NXRT Technical Analysis - NEXPOINT RESIDENTIAL

Technical Rating and Analysis

Overall NXRT gets a technical rating of 0 out of 10. NXRT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

88% of all other stocks performed better in the past year than NXRT.

NXRT is part of the Residential REITs industry. There are 20 other stocks in this industry, of which 94% are performing better than NXRT.

NXRT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month NXRT has a been trading in the 30.97 - 34.47 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

NEXPOINT RESIDENTIAL / NXRT Weekly stock chart

NEXPOINT RESIDENTIAL / NXRT Daily stock chart

Setup Rating and Analysis

The technical rating of NXRT is bad and it also does not present a quality setup 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

30.24

35.12

We found 1 important support area.

A support zone ranging from 30.55 to 30.97. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

A resistance zone ranging from 31.56 to 31.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 32.46 to 33.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @34.04 from a horizontal line in the daily time frame.
A resistance zone ranging from 34.68 to 34.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for NXRT is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for NXRT is down.
ChartMill Relative Strength	12.27	NEGATIVE	NXRT has a low relative strength, it was outperformed by 87.73% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of NXRT is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of NXRT is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of NXRT is below a declining SMA(200).
Relative Strength Index/RSI (14)	38	NEUTRAL	The RSI value for NXRT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.14	NEGATIVE	The MACD value suggests NXRT has a negative trend.
Stochastics (14,3)	9.21	OVERSOLD	The low Stochastics value suggests NXRT may be oversold.
Average True Range in percent/ATR (20)	2.33	MEDIUM VOLATILITY	The ATR as a percentage value for NXRT suggests some volalility.
Average Directional Index/ADX (14)	12.35	NEGATIVE	The low ADX value for NXRT suggests a weak or negative trend.