Taking everything into account, NXT scores 9 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
NXT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 86.74, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
50.34
When analyzing the support we can see 5 important areas.
- A support zone ranging from 85.82 to 86.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.40 from a trend line in the weekly time frame.
- Support @71.00 from a trend line in the daily time frame.
- Support @55.29 from a horizontal line in the daily time frame.
- Support @50.85 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @93.43 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 NXT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NXT is neutral. |
| ChartMill Relative Strength | 96.43 | POSITIVE | NXT has a high relative strength, it outperformed 96.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NXT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NXT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NXT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.59 | NEUTRAL | The RSI value for NXT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests NXT has a negative trend. |
| Stochastics (14,3) | 63.55 | NEUTRAL | The Stochastics value for NXT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for NXT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.31 | NEUTRAL | The ADX value for NXT suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 93.44 | 85.81 | 7.63 (8.17%) | 12.25% |
| An entry @93.44. This is a Buy Stop order right above the resistance zone. | An exit @85.81. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.63 points, which is 8.17%. | When investing 12.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
86.75
-6.68 (-7.15%)
NEXTPOWER INC-CL A / NXT FAQ
What is the ChartMill technical rating of NEXTPOWER INC-CL A (NXT) stock?
ChartMill assigns a technical rating of 9 / 10 to NXT.
What is the trend direction for NXT stock?
The current trend direction for NEXTPOWER INC-CL A (NXT) is Bullish.
What is the RSI signal for NEXTPOWER INC-CL A (NXT) stock?
NEXTPOWER INC-CL A (NXT) has an RSI value of 44.5912. This indicates that the stock is currently neutral.
What is the short term momentum for NXT stock?
The short term momentum for NEXTPOWER INC-CL A (NXT) is neutral.
What is the support and resistance level for NXT stock?
NEXTPOWER INC-CL A (NXT) has a support level at 86.74 and a resistance level at 93.43. Check the full technical report for our detailed analysis of NXT support and resistance levels.