NEXTRACKER INC-CL A (NXT) Stock Technical Analysis
NASDAQ:NXT - Nasdaq - US65290E1010 - Common Stock - Currency: USD
Overall NXT gets a technical rating of 8 out of 10. NXT has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Looking at the yearly performance, NXT did better than 86% of all other stocks. On top of that, NXT also shows a nice and consistent pattern of rising prices.
NXT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NXT is lagging the market slightly.
NXT has an average volume of 2477930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
NXT is part of the Electrical Equipment industry. There are 93 other stocks in this industry, NXT did better than 68% of them.
In the last month NXT has a been trading in the 52.61 - 65.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although NXT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.44
67.11
5 important support areas can be observed.
- A support zone ranging from 55.70 to 56.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.79 to 54.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @45.27 from a trend line in the weekly time frame.
- Support @43.92 from a trend line in the weekly time frame.
- Support @40.85 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 66.31 to 66.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NXT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NXT is neutral. |
| ChartMill Relative Strength | 86.62 | POSITIVE | NXT has a high relative strength, it outperformed 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NXT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.66 | NEUTRAL | The RSI value for NXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests NXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.48 | NEUTRAL | The Stochastics value for NXT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for NXT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.45 | NEUTRAL | The ADX value for NXT suggests a possible start of a new 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)
60.58
+6.59 (+12.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg12.21%
1 Week7.77%
2 Weeks7.09%
1 Month0.08%
3 Month2.14%
6 Month28.08%
12 Month55.57%
2 Year43.83%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.99
ATR(20)%4.43%
ATR Inc115.51%
Range Today7.35
ADR(20)2.52
ADR(20)%4.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.62
Mansfield2.19
10 Day High61.12
10 Day Low52.61
20 Day High65.66
20 Day Low52.61
52 Week High67.87
52 Week Low30.93
CS1 End56.2
CR1 Start66.31
Volume & EV
DER(3)0.17%
DER(5)3.37%
Volume6.05M
Volume Incr27.91%
Vol(5)2.95M
Vol(50)2.48M