NEXTNRG INC (NXXT) Stock Technical Analysis
USA - NASDAQ:NXXT - US6529411059 - Common Stock
We assign a technical rating of 2 out of 10 to NXXT. NXXT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NXXT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.11. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.52
We found 3 important support areas.
- A support zone ranging from 1.97 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.57 from a trend line in the daily time frame.
- Support @1.54 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.11 to 2.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.29 from a horizontal line in the weekly time frame.
- Resistance @2.66 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 | NEUTRAL | NEUTRAL | The long term trend for NXXT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NXXT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | NXXT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NXXT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NXXT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.85 | NEUTRAL | The RSI value for NXXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NXXT has a positive trend. |
| Stochastics (14,3) | 86.48 | OVERBOUGHT | The high Stochastics value suggests NXXT may be overbought. |
| Average True Range in percent/ATR (20) | 11.1 | HIGH VOLATILITY | The high ATR as a percentage value for NXXT suggests high volalility. |
| Average Directional Index/ADX (14) | 19.55 | NEGATIVE | The low ADX value for NXXT suggests a weak or negative trend. |
2.1
+0.09 (+4.48%)
NEXTNRG INC / NXXT FAQ
Can you provide the ChartMill technical rating for NEXTNRG INC?
ChartMill assigns a technical rating of 2 / 10 to NXXT.
What is the trend direction for NXXT stock?
The current trend direction for NEXTNRG INC (NXXT) is Bearish.
Can you provide the RSI signal for NEXTNRG INC?
NEXTNRG INC (NXXT) has an RSI value of 54.8489. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NEXTNRG INC?
The MACD indicator for NEXTNRG INC (NXXT) has a value of 0.0286056, indicating a bearish trend.
Can you provide the support and resistance levels for NEXTNRG INC?
NEXTNRG INC (NXXT) has a support level at 2 and a resistance level at 2.11. Check the full technical report for our detailed analysis of NXXT support and resistance levels.