Technical Analysis for NXT - Nextracker Inc.

Grade Last Price % Change Price Change
C 37.81 0.59% 0.22
NXT closed up 3.27 percent on Wednesday, November 20, 2024, on 57 percent of 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 rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.59%
Crossed Above 50 DMA Bullish 0.59%
NR7 Range Contraction 0.59%
NR7-2 Range Contraction 0.59%
Inside Day Range Contraction 0.59%
Wide Bands Range Expansion 0.59%
Fell Below 20 DMA Bearish 3.87%
Fell Below 50 DMA Bearish 3.87%
180 Bearish Setup Bearish Swing Setup 3.87%
NR7 Range Contraction 3.87%

   Recent Intraday Alerts

Alert Time
Down 1% 8 minutes ago
Fell Below 20 DMA 8 minutes ago
Rose Above 50 DMA about 23 hours ago
20 DMA Resistance about 23 hours ago
Up 3% about 23 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 30.93
Average Volume 3,060,553
200-Day Moving Average 46.24
50-Day Moving Average 36.47
20-Day Moving Average 37.56
10-Day Moving Average 38.45
Average True Range 2.33
RSI (14) 50.50
ADX 20.49
+DI 19.49
-DI 16.42
Chandelier Exit (Long, 3 ATRs) 37.25
Chandelier Exit (Short, 3 ATRs) 37.92
Upper Bollinger Bands 45.05
Lower Bollinger Band 30.07
Percent B (%b) 0.5
BandWidth 39.87
MACD Line 0.49
MACD Signal Line 0.76
MACD Histogram -0.2729
Fundamentals Value
Market Cap 5.13 Billion
Num Shares 137 Million
EPS 2.03
Price-to-Earnings (P/E) Ratio 18.52
Price-to-Sales 3.69
Price-to-Book 15.50
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.35
Resistance 3 (R3) 39.18 38.43 39.05
Resistance 2 (R2) 38.43 37.98 38.51 38.95
Resistance 1 (R1) 38.01 37.71 38.22 38.18 38.86
Pivot Point 37.26 37.26 37.37 37.34 37.26
Support 1 (S1) 36.84 36.81 37.05 37.01 36.32
Support 2 (S2) 36.09 36.54 36.17 36.23
Support 3 (S3) 35.67 36.09 36.13
Support 4 (S4) 35.84