NEXTRACKER INC-CL A (NXT) Stock Technical Analysis
USA - NASDAQ:NXT - US65290E1010 - Common Stock
73.07 USD
-0.44 (-0.6%)
73 USD
-0.07 (-0.1%)
We assign a technical rating of 10 out of 10 to NXT. 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.
Looking at the yearly performance, NXT did better than 92% of all other stocks. On top of that, NXT also shows a nice and consistent pattern of rising prices.
NXT is one of the better performing stocks in the Electrical Equipment industry, it outperforms 73% of 92 stocks in the same industry.
NXT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month NXT has a been trading in the 64.30 - 74.48 range, which is quite wide. It is currently trading near the high of this range.
NXT has an average volume of 2293240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NXT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
46.77
73.80
6 important support areas can be observed.
- A support zone ranging from 70.81 to 71.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.33 to 65.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.90 from a trend line in the weekly time frame.
- Support @60.32 from a trend line in the daily time frame.
- Support @55.29 from a horizontal line in the daily time frame.
- Support @47.24 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 | 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 | 92.38 | POSITIVE | NXT has a high relative strength, it outperformed 92.38% 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) | 62.02 | NEUTRAL | The RSI value for NXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests NXT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.58 | OVERBOUGHT | The high Stochastics value suggests NXT may be overbought. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for NXT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.2 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 74.49 | 70.80 | 3.69 (4.95%) | 20.19% |
| An entry @74.49. This is a Buy Stop order right above the 10 day high. | An exit @70.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.69 points, which is 4.95%. | When investing 20.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of NXT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
73.07
-0.44 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-0.6%
1 Week2.41%
2 Weeks9.55%
1 Month7.28%
3 Month25.29%
6 Month69.34%
12 Month87.84%
2 Year81.95%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.14
ATR(20)%4.24%
ATR Inc12.78%
Range Today2.54
ADR(20)3.05
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.38
Mansfield3.53
10 Day High74.48
10 Day Low65.75
20 Day High74.48
20 Day Low64.3
52 Week High74.48
52 Week Low30.93
CS1 End71.17
CR1 StartN/A
Volume & EV
DER(3)0.15%
DER(5)0.49%
Volume1.88M
Volume Incr0.91%
Vol(5)1.88M
Vol(50)2.29M