NEXTRACKER INC-CL A (NXT)

US65290E1010 - Common Stock

39.305  +1.15 (+3%)

Technical Rating and Analysis

4

Taking everything into account, NXT scores 4 out of 10 in our technical rating. In the past year, NXT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

81% of all other stocks performed better in the past year than NXT.
NXT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NXT has an average volume of 2896090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NXT is an average performer in the Electrical Equipment industry, it outperforms 44% of 88 stocks in the same industry.
In the last month NXT has a been trading in the 35.86 - 44.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
NXT Weekly chart
NXT Daily chart
Setup Rating and Analysis

5

NXT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 36.79, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

30.59

60.91

4 important support areas can be observed.

  • A support zone ranging from 38.16 to 38.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 36.39 to 36.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @31.60 from a trend line in the weekly time frame.
  • Support @30.90 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

  • A resistance zone ranging from 39.61 to 40.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @41.30 from a trend line in the daily time frame.
  • A resistance zone ranging from 60.26 to 60.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.48
Mansfield-2.78
10 Day High41.42
10 Day Low35.86
20 Day High44.24
20 Day Low35.86
52 Week High62.31
52 Week Low30.93
Performance
1 Week2.03%
2 Weeks-4.02%
1 Month-4.17%
3 Month-6.17%
6 Month-30.83%
12 Month-10.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.05
RSI(14)50.67
LBB35.94
UBB40.69
NXT Daily chart

NEXTRACKER INC-CL A

NASDAQ:NXT (12/2/2024, 12:48:41 PM)

39.305

+1.15 (+3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg3%
1 Week2.03%
2 Weeks-4.02%
1 Month-4.17%
3 Month-6.17%
6 Month-30.83%
12 Month-10.44%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.03
ATR(20)%6.37%
ATR Inc
Range Today1.52
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High41.42
10 Day Low35.86
20 Day High44.24
20 Day Low35.86
52 Week High62.31
52 Week Low30.93
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume769.15K
Volume Incr-51.72%
Vol(5)1.72M
Vol(50)2.90M