Technical Analysis for NEXT - Nextsource Materials Inc.

Grade Last Price % Change Price Change
F 0.680 -2.86% -0.020
NEXT closed down 2.86 percent on Tuesday, April 23, 2024, on 78 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish -2.86%
Lower Bollinger Band Walk Weakness -2.86%
Outside Day Range Expansion -2.86%
Lower Bollinger Band Touch Weakness -2.86%
Oversold Stochastic Weakness -2.86%

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Profile

Nextsource Materials Inc. Description

NextSource Materials Inc., together with its subsidiaries, acquires, explores for, and develops mineral properties in Madagascar and Canada. The company primarily holds a 100% interest in the Molo Graphite property that includes 2,119 permits covering an area of 827.7 square kilometers located in Southern Madagascar Region, Madagascar. It also holds 100% interest in the Green Giant Vanadium Project situated in Southern Madagascar Region, Madagascar; and Sagar property that includes 234 claims covering a total area of 10,736.59 hectares situated in the Labrador Trough Region, Quebec, Canada. The company was formerly known as Energizer Resources Inc. and changed its name to NextSource Materials Inc. in April 2017. NextSource Materials Inc. was founded in 2004 and is headquartered in Toronto, Canada.


Classification

Sector: Basic Materials
Industry: Industrial Metals & Minerals
Keywords: Mineral Mineral Properties Materials Graphite Vanadium Labrador Trough

Is NEXT a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 2.17
52 Week Low 0.6
Average Volume 87,999
200-Day Moving Average 1.187
50-Day Moving Average 0.737
20-Day Moving Average 0.736
10-Day Moving Average 0.728
Average True Range 0.056
RSI (14) 40.48
ADX 14.56
+DI 16.502
-DI 20.729
Chandelier Exit (Long, 3 ATRs) 0.701
Chandelier Exit (Short, 3 ATRs) 0.839
Upper Bollinger Bands 0.802
Lower Bollinger Band 0.669
Percent B (%b) 0.08
BandWidth 18.165
MACD Line -0.016
MACD Signal Line -0.010
MACD Histogram -0.0052
Fundamentals Value
Market Cap 406.69 Million
Num Shares 598 Million
EPS -0.01
Price-to-Earnings (P/E) Ratio -97.14
Price-to-Sales 0.00
Price-to-Book 46.91
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.710
Resistance 3 (R3) 0.713 0.707 0.705
Resistance 2 (R2) 0.707 0.699 0.705 0.703
Resistance 1 (R1) 0.693 0.694 0.690 0.690 0.702
Pivot Point 0.687 0.687 0.685 0.685 0.687
Support 1 (S1) 0.673 0.679 0.670 0.670 0.658
Support 2 (S2) 0.667 0.674 0.665 0.657
Support 3 (S3) 0.653 0.667 0.655
Support 4 (S4) 0.650