Technical Analysis for NXT - Nextracker Inc.

Grade Last Price % Change Price Change
C 47.20 -5.26% -2.62
NXT closed down 5.26 percent on Friday, April 12, 2024, on 1.16 times normal volume. 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 Up Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
Expansion Breakdown Bearish Swing Setup 0.00%
Reversal New Lows Setup Bearish Swing Setup 0.00%
Multiple of Ten Bearish Other 0.00%
Outside Day Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -5.26%
Inside Day Range Contraction -5.26%
Oversold Stochastic Weakness -5.26%
Hammer Candlestick Bullish -4.88%

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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 29.28
Average Volume 3,647,033
200-Day Moving Average 44.43
50-Day Moving Average 56.81
20-Day Moving Average 54.52
10-Day Moving Average 51.00
Average True Range 2.34
RSI (14) 26.47
ADX 22.64
+DI 12.91
-DI 28.64
Chandelier Exit (Long, 3 ATRs) 54.73
Chandelier Exit (Short, 3 ATRs) 53.95
Upper Bollinger Bands 62.36
Lower Bollinger Band 46.68
Percent B (%b) 0.03
BandWidth 28.76
MACD Line -2.22
MACD Signal Line -1.36
MACD Histogram -0.8584
Fundamentals Value
Market Cap 6.44 Billion
Num Shares 137 Million
EPS 2.03
Price-to-Earnings (P/E) Ratio 23.25
Price-to-Sales 3.69
Price-to-Book 15.50
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.20
Resistance 3 (R3) 52.66 51.46 51.36
Resistance 2 (R2) 51.46 50.19 51.23 51.08
Resistance 1 (R1) 49.33 49.40 48.73 48.87 50.81
Pivot Point 48.13 48.13 47.83 47.90 48.13
Support 1 (S1) 46.00 46.86 45.40 45.54 43.59
Support 2 (S2) 44.80 46.07 44.57 43.32
Support 3 (S3) 42.67 44.80 43.04
Support 4 (S4) 42.21