NEXTPOWER INC-CL A (NXT) Technical Analysis
NASDAQ:NXT • US65290E1010
We assign a technical rating of 7 out of 10 to NXT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- NXT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- When comparing the yearly performance of all stocks, we notice that NXT is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by NXT over the past year are nicely spread over this period.
- NXT is part of the Electrical Equipment industry. There are 91 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.
- NXT has an average volume of 1928240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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
84.95
When analyzing the support we can see 3 important areas.
- A support zone ranging from 104.51 to 107.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 101.16 to 102.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 85.81 to 85.82. 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 | UP | POSITIVE | The long term trend for NXT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXT is down. |
| ChartMill Relative Strength | 95.87 | POSITIVE | NXT has a high relative strength, it outperformed 95.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXT is below a declining 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) | 48.6 | NEUTRAL | The RSI value for NXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.86 | NEGATIVE | The MACD value suggests NXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.93 | NEUTRAL | The Stochastics value for NXT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.35 | HIGH VOLATILITY | The high ATR as a percentage value for NXT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.16 | POSITIVE | The high ADX value value for NXT suggests a strong trend. |
NXT Technicals: Chart, Performance Metrics, Trend & Indicators
108.13
+6.7 (+6.61%)
NEXTPOWER INC-CL A / NXT FAQ
What is the ChartMill technical rating of NEXTPOWER INC-CL A (NXT) stock?
ChartMill assigns a technical rating of 7 / 10 to NXT.
What is the current trend direction of NEXTPOWER INC-CL A (NXT) stock?
The current trend direction for NEXTPOWER INC-CL A (NXT) is Bullish.
What is the RSI signal for NEXTPOWER INC-CL A (NXT) stock?
NEXTPOWER INC-CL A (NXT) has an RSI value of 48.595. This indicates that the stock is currently neutral.
What is the buy/sell signal for NEXTPOWER INC-CL A (NXT) stock?
The buy/sell signal for NEXTPOWER INC-CL A (NXT) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for NEXTPOWER INC-CL A (NXT) stock?
NEXTPOWER INC-CL A (NXT) has a support level at 107.08. Check the full technical report for our detailed analysis of NXT support and resistance levels.