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    Technical Analysis for NXT - Nextracker Inc.

    Grade Last Price % Change Price Change
    D 44.53 -0.51% -0.23
    NXT closed down 0.51 percent on Thursday, April 18, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. 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.
    2 Watchers
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Flat Down Down
    Historical NXT trend table...
    Date Alert Name Type % Chg
    Fell Below 200 DMA Bearish 0.00%
    NR7 Range Contraction 0.00%
    Wide Bands Range Expansion 0.00%
    Oversold Stochastic Weakness 0.00%
    Slingshot Bearish Bearish Swing Setup -0.51%
    Crossed Above 200 DMA Bullish -0.51%
    Wide Bands Range Expansion -0.51%
    Oversold Stochastic Weakness -0.51%
    Fell Below 200 DMA Bearish 1.92%
    New Downtrend Bearish 1.92%
    Older End-of-Day Signals for NXT ...

       Recent Intraday Alerts

    Alert Time
    60 Minute Opening Range Breakdown about 11 hours ago
    Possible NR7 about 11 hours ago
    Down 1% about 11 hours ago
    Fell Below 200 DMA about 12 hours ago
    200 DMA Support about 15 hours ago
    View Earlier Intraday Alerts

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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
    Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Apr 18 Nextracker to Announce Fourth Quarter Fiscal 2024 and Full-Year Results on May 14, 2024
    Apr 18 Jim Cramer’s New Picks: 10 Stocks to Buy
    Apr 18 Want Better Returns? Don't Ignore These 2 Oils-Energy Stocks Set to Beat Earnings
    Apr 11 Nextracker (NXT) Gains But Lags Market: What You Should Know
    Apr 11 Nextracker: Multiple Drivers To Aim For A Prosperous Future
    Apr 9 Will Nextracker (NXT) Beat Estimates Again in Its Next Earnings Report?
    Apr 8 Nextracker (NXT) Ascends While Market Falls: Some Facts to Note
    Apr 2 Nextracker cut, Array Technologies raised at Barclays in solar stock switch
    Apr 2 Are Oils-Energy Stocks Lagging Marathon Petroleum (MPC) This Year?
    Apr 1 Reasons to Add Nextracker (NXT) Stock to Your Portfolio Now
    See more NXT news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 62.14
    52 Week Low 29.28
    Average Volume 3,207,014
    200-Day Moving Average 44.55
    50-Day Moving Average 55.84
    20-Day Moving Average 51.72
    10-Day Moving Average 47.67
    Average True Range 2.23
    RSI (14) 25.93
    ADX 29.21
    +DI 12.06
    -DI 32.57
    Chandelier Exit (Long, 3 ATRs) 54.09
    Chandelier Exit (Short, 3 ATRs) 49.76
    Upper Bollinger Bands 61.65
    Lower Bollinger Band 41.80
    Percent B (%b) 0.14
    BandWidth 38.38
    MACD Line -3.22
    MACD Signal Line -2.34
    MACD Histogram -0.8805
    Fundamentals Value
    Market Cap 6.08 Billion
    Num Shares 137 Million
    EPS 2.03
    Price-to-Earnings (P/E) Ratio 21.94
    Price-to-Sales 3.69
    Price-to-Book 15.50
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 46.27
    Resistance 3 (R3) 46.32 45.79 45.98
    Resistance 2 (R2) 45.79 45.35 45.77 45.88
    Resistance 1 (R1) 45.16 45.07 44.90 45.11 45.79
    Pivot Point 44.63 44.63 44.50 44.61 44.63
    Support 1 (S1) 44.00 44.19 43.74 43.95 43.27
    Support 2 (S2) 43.47 43.91 43.45 43.18
    Support 3 (S3) 42.84 43.47 43.08
    Support 4 (S4) 42.79