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NEXA RESOURCES S.A.
NEXA RESOURCES S.A.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: NEXA
ISIN: LU1701428291

NEXA RESOURCES S.A. - Daily - Technical analysis published on 01/20/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 9.25 USD
My targets
7.91 USD (-8.45%)
7.17 USD (-17.01%)
My analysis
The basic trend is bearish on NEXA RESOURCES S.A. and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 9.25 USD. Buyers would then use the next resistance located at 9.97 USD as an objective. Crossing it would then enable buyers to target 10.79 USD. If there is a return to below the support located at 7.91 USD, this would be a sign of a reversal in the basic bearish trend.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
0

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

NEXA RESOURCES S.A. rating 8.64 USD. The price has increased by +2.61% since the last closing with the lowest point at 8.47 USD and the highest point at 8.74 USD. The deviation from the price is +2.01% for the low point and -1.14% for the high point.

8.47
8.74
8.64

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NEXA RESOURCES S.A.:

Technical


A technical analysis in Daily of this NEXA RESOURCES S.A. chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily



In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily


MACD indicator is back under 0

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.17 7.91 8.54 8.64 9.25 9.97 10.79
Change (%) -17.01% -8.45% -1.16% - +7.06% +15.39% +24.88%
Change -1.47 -0.73 -0.10 - +0.61 +1.33 +2.15
Level Intermediate Major Major - Intermediate Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.607.978.208.578.809.179.40
Camarilla8.268.318.378.428.488.538.59
Woodie7.527.948.128.548.729.149.32
Fibonacci7.978.208.348.578.808.949.17


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.627.918.138.438.658.949.16
Camarilla8.218.268.308.358.408.448.49
Woodie7.587.898.098.418.618.929.12
Fibonacci7.918.118.238.438.628.748.94


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.056.997.578.519.0910.0310.61
Camarilla7.727.868.008.148.288.428.56
Woodie5.866.907.388.428.909.9410.42
Fibonacci6.997.577.938.519.099.4510.03

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 51.71
MACD (12,26,9): 0.0100
Directional Movement: 0.62
AROON (14): 57.14
DEMA (21): 8.52
Parabolic SAR (0,02-0,02-0,2): 8.18
Elder Ray (13): 0.05
Super Trend (3,10): 8.93
Zig ZAG (10): 8.64
VORTEX (21): 0.9400
Stochastique (14,3,5): 58.65
TEMA (21): 8.64
Williams %R (14): -43.27
Chande Momentum Oscillator (20): 0.50
Repulse (5,40,3): -2.8800
ROCnROLL: -1
TRIX (15,9): -0.0800
Courbe Coppock: 6.47
MA7: 8.64
MA20: 8.45
MA50: 8.59
MA100: 9.13
MAexp7: 8.62
MAexp20: 8.55
MAexp50: 8.69
MAexp100: 8.94
Price / MA7: -0%
Price / MA20: +2.25%
Price / MA50: +0.58%
Price / MA100: -5.37%
Price / MAexp7: +0.23%
Price / MAexp20: +1.05%
Price / MAexp50: -0.58%
Price / MAexp100: -3.36%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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