Technical Analysis for NXT - Nextracker Inc.

Grade Last Price % Change Price Change
D 46.88 -4.58% -2.25
NXT closed down 4.58 percent on Friday, June 28, 2024, on 2.07 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Flat Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Fell Below 200 DMA Bearish 0.00%
180 Bearish Setup Bearish Swing Setup 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Multiple of Ten Bearish Other 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish -4.58%
Crossed Above 200 DMA Bullish -4.58%
Lower Bollinger Band Walk Weakness -4.58%

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Profile

Nextracker Inc. Description

Nextracker Inc., an energy solutions company, provides solar tracker solutions for PV projects. The company offers solar trackers, such as Bifacial PV modules for large-scale solar; NX Horizon for solar power plants; NX Gemini two-in-portrait solar tracker that optimizes lifetime value and performance of power plants for project developers and asset owners; and NX Horizon — XTR, an all-terrain solar tracker. It also provides TrueCapture, an intelligent and self-adjusting tracker control system for PV power plants; and NX Navigator, an operational control and risk mitigation software. Nextracker Inc. was incorporated in 2013 and is based in Fremont, California with additional offices in Australia, Brazil, China, India, Mexico, Spain, and United States. Nextracker Inc. operates as a subsidiary of Flex Ltd.


Classification

Sector: Technology
Industry: Solar
Keywords: IBD 50 Photovoltaics Solar Power Solar Panel Energy Solutions Solar Tracker

Is NXT 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 62.31
52 Week Low 32.14
Average Volume 4,147,094
200-Day Moving Average 46.90
50-Day Moving Average 49.80
20-Day Moving Average 54.97
10-Day Moving Average 53.06
Average True Range 2.97
RSI (14) 36.71
ADX 28.77
+DI 17.40
-DI 30.58
Chandelier Exit (Long, 3 ATRs) 53.39
Chandelier Exit (Short, 3 ATRs) 55.17
Upper Bollinger Bands 63.17
Lower Bollinger Band 46.78
Percent B (%b) 0.01
BandWidth 29.82
MACD Line -0.65
MACD Signal Line 0.95
MACD Histogram -1.6023
Fundamentals Value
Market Cap 6.4 Billion
Num Shares 137 Million
EPS 2.03
Price-to-Earnings (P/E) Ratio 23.09
Price-to-Sales 3.69
Price-to-Book 15.50
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.49
Resistance 3 (R3) 52.98 51.60 51.56
Resistance 2 (R2) 51.60 50.17 51.36 51.24
Resistance 1 (R1) 49.24 49.29 48.55 48.75 50.93
Pivot Point 47.86 47.86 47.52 47.62 47.86
Support 1 (S1) 45.50 46.43 44.81 45.01 42.83
Support 2 (S2) 44.12 45.55 43.88 42.52
Support 3 (S3) 41.76 44.12 42.21
Support 4 (S4) 41.27