Technical Analysis for NXT - Nextracker Inc.

Grade Last Price % Change Price Change
F 47.28 2.01% 0.93
NXT closed up 2.01 percent on Friday, July 26, 2024, on 42 percent of normal volume. Its advance stalled at its 200 day moving average, an important long-term support / resistance line. 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.
Earnings due: Aug 1
*** please verify all earnings dates ***
2 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
200 DMA Resistance Bearish 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Doji - Bullish? Reversal 2.01%
Down 3 Days in a Row Weakness 2.01%
Down 4 Days in a Row Weakness 2.01%
Oversold Stochastic Weakness 2.01%
20 DMA Resistance Bearish 1.00%
200 DMA Resistance Bearish 1.00%

   Recent Intraday Alerts

Alert Time
Rose Above 10 DMA about 7 hours ago
60 Minute Opening Range Breakout about 8 hours ago
Gap Up Partially Closed about 12 hours ago
Rose Above Previous Day's High about 12 hours ago
200 DMA Resistance about 12 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 62.31
52 Week Low 32.14
Average Volume 4,017,853
200-Day Moving Average 47.69
50-Day Moving Average 51.22
20-Day Moving Average 47.65
10-Day Moving Average 47.33
Average True Range 2.29
RSI (14) 44.13
ADX 17.54
+DI 22.72
-DI 24.73
Chandelier Exit (Long, 3 ATRs) 46.54
Chandelier Exit (Short, 3 ATRs) 51.38
Upper Bollinger Bands 50.64
Lower Bollinger Band 44.65
Percent B (%b) 0.44
BandWidth 12.58
MACD Line -1.18
MACD Signal Line -1.17
MACD Histogram -0.0056
Fundamentals Value
Market Cap 6.46 Billion
Num Shares 137 Million
EPS 2.03
Price-to-Earnings (P/E) Ratio 23.29
Price-to-Sales 3.69
Price-to-Book 15.50
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.94
Resistance 3 (R3) 49.97 49.11 49.50
Resistance 2 (R2) 49.11 48.43 49.10 49.35
Resistance 1 (R1) 48.20 48.01 48.65 48.17 49.20
Pivot Point 47.34 47.34 47.56 47.32 47.34
Support 1 (S1) 46.42 46.66 46.88 46.39 45.36
Support 2 (S2) 45.56 46.24 45.55 45.21
Support 3 (S3) 44.65 45.56 45.06
Support 4 (S4) 44.62