Technical Analysis for NXT - Nextracker Inc.

Grade Last Price % Change Price Change
D 43.68 1.89% 0.81
NXT closed up 1.89 percent on Thursday, May 2, 2024, on approximately normal volume. 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.
Earnings due: May 14
*** please verify all earnings dates ***
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Flat

Date Alert Name Type % Chg
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Outside Day Range Expansion 1.89%
Oversold Stochastic Weakness 1.89%
MACD Bullish Signal Line Cross Bullish 2.08%
Gapped Down Weakness 2.08%
Oversold Stochastic Weakness 2.08%
200 DMA Resistance Bearish -0.97%
Oversold Stochastic Weakness -0.97%
Slingshot Bearish Bearish Swing Setup -0.18%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 18 hours ago
10 DMA Resistance about 21 hours ago
Gap Up Partially Closed about 22 hours ago
Gapped Up (Partial) about 22 hours ago
Rose Above Previous Day's High about 22 hours ago

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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: 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 62.14
52 Week Low 29.92
Average Volume 3,145,026
200-Day Moving Average 44.81
50-Day Moving Average 52.87
20-Day Moving Average 45.66
10-Day Moving Average 43.65
Average True Range 2.04
RSI (14) 33.33
ADX 31.43
+DI 14.87
-DI 25.53
Chandelier Exit (Long, 3 ATRs) 46.82
Chandelier Exit (Short, 3 ATRs) 48.15
Upper Bollinger Bands 51.38
Lower Bollinger Band 39.94
Percent B (%b) 0.33
BandWidth 25.05
MACD Line -2.80
MACD Signal Line -2.97
MACD Histogram 0.1713
Fundamentals Value
Market Cap 5.96 Billion
Num Shares 137 Million
EPS 2.03
Price-to-Earnings (P/E) Ratio 21.52
Price-to-Sales 3.69
Price-to-Book 15.50
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 45.94
Resistance 3 (R3) 45.96 45.23 45.56
Resistance 2 (R2) 45.23 44.65 45.22 45.44
Resistance 1 (R1) 44.45 44.30 44.09 44.43 45.31
Pivot Point 43.72 43.72 43.54 43.71 43.72
Support 1 (S1) 42.95 43.15 42.58 42.93 42.05
Support 2 (S2) 42.22 42.79 42.21 41.92
Support 3 (S3) 41.44 42.22 41.80
Support 4 (S4) 41.42