NEXTPLAY TECHNOLOGIES INC (NXTP) Stock Technical Analysis
NASDAQ:NXTP - Nasdaq - US65344G2012 - Common Stock - Currency: USD
Taking everything into account, NXTP scores 0 out of 10 in our technical rating. NXTP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NXTP is a bad performer in the overall market: 99% of all stocks are doing better.
NXTP is part of the Media industry. There are 98 other stocks in this industry, of which 87% are performing better than NXTP.
NXTP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month NXTP has a been trading in the 0.45 - 0.85 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of NXTP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.41
0.89
When analyzing the support we notice one important area.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.57 from a trend line in the daily time frame.
- Resistance @0.88 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 | DOWN | NEGATIVE | The long term trend for NXTP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXTP is down. |
| ChartMill Relative Strength | 1.75 | NEGATIVE | NXTP has a low relative strength, it was outperformed by 98.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXTP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXTP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NXTP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.95 | OVERSOLD | The low RSI value suggests NXTP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NXTP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.11 | NEUTRAL | The Stochastics value for NXTP is a neutral value. |
| Average True Range in percent/ATR (20) | 17.37 | HIGH VOLATILITY | The high ATR as a percentage value for NXTP suggests high volalility. |
| Average Directional Index/ADX (14) | 43.11 | POSITIVE | The high ADX value value for NXTP suggests a strong 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)
0.46
-0.14 (-22.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-22.7%
1 Week-28.12%
2 Weeks-30.21%
1 Month-45.82%
3 Month-72.78%
6 Month-45.88%
12 Month-64.06%
2 Year-94.44%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%17.37%
ATR Inc166.39%
Range Today0.22
ADR(20)0.08
ADR(20)%17.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.75
Mansfield-6.32
10 Day High0.69
10 Day Low0.45
20 Day High0.85
20 Day Low0.45
52 Week High3.8
52 Week Low0.25
CS1 End0.41
CR1 Start0.57
Volume & EV
DER(3)5.83%
DER(5)-10.77%
Volume76.40K
Volume Incr4.73%
Vol(5)34.32K
Vol(50)34.10K