NEXT TECHNOLOGY HOLDING INC (NXTT) Stock Technical Analysis
USA - NASDAQ:NXTT - US9618842028 - Common Stock
23.03 USD
-1.78 (-7.17%)
23 USD
-0.03 (-0.13%)
Overall NXTT gets a technical rating of 0 out of 10. NXTT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than NXTT.
NXTT is part of the Software industry. There are 285 other stocks in this industry, of which 90% are performing better than NXTT.
NXTT 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 NXTT has a been trading in the 21.60 - 28.61 range, which is quite wide. It is currently trading near the lows of this range.
NXTT has an average volume of 49134700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NXTT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NXTT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
22.04
25.38
When analyzing the support we notice one important area.
- A support zone ranging from 22.26 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.97 to 24.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 25.13 to 25.13. 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 | DOWN | NEGATIVE | The long term trend for NXTT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXTT is down. |
| ChartMill Relative Strength | 0.18 | NEGATIVE | NXTT has a low relative strength, it was outperformed by 99.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXTT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NXTT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NXTT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.34 | NEUTRAL | The RSI value for NXTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.76 | POSITIVE | The MACD value suggests NXTT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 31.23 | NEUTRAL | The Stochastics value for NXTT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.03 | HIGH VOLATILITY | The high ATR as a percentage value for NXTT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.57 | POSITIVE | The high ADX value value for NXTT 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)
23.03
-1.78 (-7.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-7.17%
1 Week-3.28%
2 Weeks-9.51%
1 Month-1.54%
3 Month-94.86%
6 Month-61.62%
12 Month-89.99%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.82
ATR(20)%9.03%
ATR Inc-13.32%
Range Today2.05
ADR(20)2.04
ADR(20)%8.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.18
3 months CRS0.05
6 months CRS2.2
Mansfield-9.23
10 Day High25.49
10 Day Low22.38
20 Day High28.61
20 Day Low21.6
52 Week High960
52 Week Low20.14
CS1 End22.52
CR1 Start23.97
Volume & EV
DER(3)1.83%
DER(5)5.03%
Volume42.30K
Volume Incr-71.65%
Vol(5)37.56K
Vol(50)49.13M