NEXTPLAY TECHNOLOGIES INC (NXTP) Technical Analysis
NASDAQ:NXTP • US65344G2012
Current stock price
NXTP Technical Rating and Analysis
Overall NXTP gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than NXTP.
- NXTP is part of the Media industry. There are 92 other stocks in this industry, of which 82% are performing better than NXTP.
- NXTP is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so NXTP is lagging the market.
- 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.
NXTP Weekly and Daily overview Charts
NXTP Setup Rating and Analysis
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
NXTP Support and Resistance Analysis
0.41
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.
NXTP Technical Indicator Signal Analysis
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. |
NXTP Chart- and CandleStick Pattern Analysis
NXTP Technicals: Chart, Performance Metrics, Trend & Indicators
0.46
-0.14 (-22.7%)
NEXTPLAY TECHNOLOGIES INC / NXTP TA FAQ
What is the ChartMill technical rating of NEXTPLAY TECHNOLOGIES INC (NXTP) stock?
ChartMill assigns a technical rating of 0 / 10 to NXTP.
Can you provide the trend direction for NEXTPLAY TECHNOLOGIES INC?
The current trend direction for NEXTPLAY TECHNOLOGIES INC (NXTP) is Bearish.
What is the RSI signal for NXTP stock?
NEXTPLAY TECHNOLOGIES INC (NXTP) has an RSI value of 27.9549. This indicates that the stock is currently oversold.
Can you provide the MACD signal for NEXTPLAY TECHNOLOGIES INC?
The MACD indicator for NEXTPLAY TECHNOLOGIES INC (NXTP) has a value of 0.00116773, indicating a bearish trend.
What is the short term momentum for NEXTPLAY TECHNOLOGIES INC (NXTP) stock?
The short term momentum for NEXTPLAY TECHNOLOGIES INC (NXTP) is negative.