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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NXT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
NXT is part of the Electrical Equipment industry. There are 95 other stocks in this industry. NXT outperforms 84% of them.
NXT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NXT is performing more or less in line with the market.
In the last month NXT has a been trading in the 37.16 - 63.19 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 2275160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, NXT did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big 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 present a decent entry opportunity 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.
More info and screens
38.10
59.91
We found 2 important support areas.
- Support @41.32 from a trend line in the weekly time frame.
- Support @38.48 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @59.32 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.07
Mansfield3.16
10 Day High63.19
10 Day Low43.17
20 Day High63.19
20 Day Low37.16
52 Week High63.19
52 Week Low30.93
Performance
1 Week9.06%
2 Weeks37.54%
1 Month46.16%
3 Month27.91%
6 Month51.84%
12 Month3.91%
2 Year54.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)1.65
RSI(14)73.82
LBB35.43
UBB64.71
58.99
+0.65 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg1.11%
1 Week9.06%
2 Weeks37.54%
1 Month46.16%
3 Month27.91%
6 Month51.84%
12 Month3.91%
2 Year54.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.23
ATR(20)%5.1%
ATR Inc-32.17%
Range Today1.84
ADR(20)2.57
ADR(20)%4.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.07
Mansfield3.16
10 Day High63.19
10 Day Low43.17
20 Day High63.19
20 Day Low37.16
52 Week High63.19
52 Week Low30.93
CS1 End41.32
CR1 Start59.32
Volume & EV
DER(3)1.32%
DER(5)2.03%
Volume2.41M
Volume Incr125.06%
Vol(5)4.75M
Vol(50)2.28M