NEXTRACKER INC-CL A (NXT) Stock Technical Analysis
NASDAQ:NXT - Nasdaq - US65290E1010 - Common Stock - Currency: USD
Taking everything into account, NXT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, NXT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
NXT is part of the Electrical Equipment industry. There are 94 other stocks in this industry. NXT outperforms 86% of them.
A new 52 week high is currently being made by NXT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month NXT has a been trading in the 51.69 - 66.53 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
NXT has an average volume of 2676450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that NXT is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although NXT has an excellent technical rating, it does not offer a high quality setup 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
39.61
66.97
We found 4 important support areas.
- A support zone ranging from 57.61 to 58.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 54.93 to 55.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.29 from a trend line in the weekly time frame.
- Support @40.01 from a trend 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 | UP | POSITIVE | The long term trend for NXT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NXT is up. |
| ChartMill Relative Strength | 92.42 | POSITIVE | NXT has a high relative strength, it outperformed 92.42% 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) | 69.1 | NEUTRAL | The RSI value for NXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests NXT has a positive trend. |
| Stochastics (14,3) | 83.05 | OVERBOUGHT | The high Stochastics value suggests NXT may be overbought. |
| Average True Range in percent/ATR (20) | 4.53 | MEDIUM VOLATILITY | The ATR as a percentage value for NXT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.51 | NEGATIVE | The low ADX value for NXT suggests a weak or negative 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)
66.31
+5.27 (+8.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg8.63%
1 Week13.2%
2 Weeks12.58%
1 Month16.5%
3 Month69.94%
6 Month67.32%
12 Month43.53%
2 Year56.58%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.53
ATR(20)%4.53%
ATR Inc69.86%
Range Today3.46
ADR(20)2.74
ADR(20)%4.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.42
Mansfield4.01
10 Day High66.54
10 Day Low51.69
20 Day High66.54
20 Day Low51.69
52 Week High66.54
52 Week Low30.93
CS1 End58.95
CR1 StartN/A
Volume & EV
DER(3)4.24%
DER(5)3.66%
Volume2.92M
Volume Incr92.16%
Vol(5)3.79M
Vol(50)2.68M