NEXTNRG INC (NXXT) Stock Technical Analysis
NASDAQ:NXXT - Nasdaq - US6529411059 - Common Stock - Currency: USD
Taking everything into account, NXXT scores 2 out of 10 in our technical rating. NXXT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, NXXT is a bad performer in the overall market: 100% of all stocks are doing better.
NXXT is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, of which 91% are performing better than NXXT.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month NXXT has a been trading in the 2.28 - 3.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NXXT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.59, a Stop Loss order could be placed below this zone.
More info and screens
2.54
3.48
When analyzing the support we notice one important area.
- A support zone ranging from 2.57 to 2.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @3.26 from a trend line in the daily time frame.
- Resistance @3.32 from a horizontal line in the daily time frame.
- Resistance @3.45 from a horizontal 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 | UP | POSITIVE | The long term trend for NXXT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NXXT is down. |
| 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 | NEGATIVE | The current price of NXXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NXXT is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.38 | NEUTRAL | The RSI value for NXXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests NXXT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.68 | NEUTRAL | The Stochastics value for NXXT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.13 | HIGH VOLATILITY | The high ATR as a percentage value for NXXT suggests high volalility. |
| Average Directional Index/ADX (14) | 24.55 | NEUTRAL | The ADX value for NXXT suggests a possible start of a new 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)
2.91
-0.07 (-2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.35%
1 Week-11.55%
2 Weeks-4.9%
1 Month-14.41%
3 Month2.46%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%12.13%
ATR Inc-16.38%
Range Today0.29
ADR(20)0.35
ADR(20)%11.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High3.31
10 Day Low2.28
20 Day High3.5
20 Day Low2.28
52 Week HighN/A
52 Week LowN/A
CS1 End2.59
CR1 Start3.26
Volume & EV
DER(3)1.69%
DER(5)-2.23%
Volume22.00K
Volume Incr42.16%
Vol(5)70.22K
Vol(50)58.77K