NEXPOINT RESIDENTIAL (NXRT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NXRT - US65341D1028 - REIT
Taking everything into account, NXRT scores 0 out of 10 in our technical rating. NXRT'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.
Although the technical rating is bad, NXRT does present a nice setup opportunity. 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 30.34. Right above this resistance zone may be a good entry point.
More info and screens
28.98
We can see 3 important resistance areas.
- A resistance zone ranging from 30.34 to 30.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.51 to 32.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.04 from a horizontal line in the daily 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 NXRT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXRT is down. |
| ChartMill Relative Strength | 17.5 | NEGATIVE | NXRT has a low relative strength, it was outperformed by 82.5% 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) | 45.34 | NEUTRAL | The RSI value for NXRT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests NXRT has a positive trend. |
| Stochastics (14,3) | 55.58 | NEUTRAL | The Stochastics value for NXRT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for NXRT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.71 | NEUTRAL | The ADX value for NXRT suggests a possible start of a new trend. |
29.27
+0.32 (+1.11%)
NEXPOINT RESIDENTIAL / NXRT FAQ
Can you provide the ChartMill technical rating for NEXPOINT RESIDENTIAL?
ChartMill assigns a technical rating of 0 / 10 to NXRT.
What is the current trend direction of NEXPOINT RESIDENTIAL (NXRT) stock?
The current trend direction for NEXPOINT RESIDENTIAL (NXRT) is Bearish.
What is the RSI signal for NXRT stock?
NEXPOINT RESIDENTIAL (NXRT) has an RSI value of 45.3369. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NEXPOINT RESIDENTIAL?
The short term momentum for NEXPOINT RESIDENTIAL (NXRT) is negative.
What is the support and resistance level for NXRT stock?
NEXPOINT RESIDENTIAL (NXRT) has a resistance level at 30.34. Check the full technical report for our detailed analysis of NXRT support and resistance levels.