We assign a technical rating of 0 out of 10 to NXTT. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than NXTT.
- NXTT is one of the lesser performing stocks in the Software industry. 88% of 277 stocks in the same industry do better.
- NXTT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month NXTT has a been trading in the 6.01 - 14.65 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.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NXTT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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.
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5.77
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.04 to 7.11. This zone is formed by a combination of multiple trend lines and important moving averages 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 NXTT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXTT is down. |
| ChartMill Relative Strength | 0.57 | NEGATIVE | NXTT has a low relative strength, it was outperformed by 99.43% 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) | 40.85 | NEUTRAL | The RSI value for NXTT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests NXTT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 8.14 | OVERSOLD | The low Stochastics value suggests NXTT may be oversold. |
| Average True Range in percent/ATR (20) | 16.87 | HIGH VOLATILITY | The high ATR as a percentage value for NXTT suggests high volalility. |
| Average Directional Index/ADX (14) | 27.58 | POSITIVE | The high ADX value value for NXTT suggests a strong trend. |
5.83
-0.67 (-10.31%)
NEXT TECHNOLOGY HOLDING INC / NXTT FAQ
What is the ChartMill technical rating of NEXT TECHNOLOGY HOLDING INC (NXTT) stock?
ChartMill assigns a technical rating of 0 / 10 to NXTT.
What is the current trend direction of NEXT TECHNOLOGY HOLDING INC (NXTT) stock?
The current trend direction for NEXT TECHNOLOGY HOLDING INC (NXTT) is Bearish.
Can you provide the RSI signal for NEXT TECHNOLOGY HOLDING INC?
NEXT TECHNOLOGY HOLDING INC (NXTT) has an RSI value of 40.8536. This indicates that the stock is currently neutral.
What is the short term momentum for NEXT TECHNOLOGY HOLDING INC (NXTT) stock?
The short term momentum for NEXT TECHNOLOGY HOLDING INC (NXTT) is negative.
Can you provide the support and resistance levels for NEXT TECHNOLOGY HOLDING INC?
NEXT TECHNOLOGY HOLDING INC (NXTT) has a resistance level at 7.04. Check the full technical report for our detailed analysis of NXTT support and resistance levels.