USA - NASDAQ:NXT - US65290E1010 - Common Stock
We assign a technical rating of 10 out of 10 to NXT. 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.
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.
54.74
We found 4 important support areas.
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 | 96.67 | POSITIVE | NXT has a high relative strength, it outperformed 96.67% 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) | 69.62 | NEUTRAL | The RSI value for NXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests NXT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.39 | OVERBOUGHT | The high Stochastics value suggests NXT may be overbought. |
| Average True Range in percent/ATR (20) | 4.84 | MEDIUM VOLATILITY | The ATR as a percentage value for NXT suggests some volalility. |
| Average Directional Index/ADX (14) | 44.83 | POSITIVE | The high ADX value value for NXT suggests a strong trend. |
101.22
+2.1 (+2.12%)
ChartMill assigns a technical rating of 10 / 10 to NXT.
The current trend direction for NEXTRACKER INC-CL A (NXT) is Bullish.
NEXTRACKER INC-CL A (NXT) has an RSI value of 69.6236. This indicates that the stock is currently neutral.
The short term momentum for NEXTRACKER INC-CL A (NXT) is positive.
NEXTRACKER INC-CL A (NXT) has a support level at 97. Check the full technical report for our detailed analysis of NXT support and resistance levels.