 |
 |
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| NEXA Stock Crowded With SellersBy Metals Channel Staff, Wednesday, December 1, 3:58 PM ET
In trading on Wednesday, shares of Nexa Resources SA (NYSE:NEXA) entered into oversold territory, changing hands as low as $6.70 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Nexa Resources SA, the RSI reading has hit 29.8 — by comparison, the universe of metals and mining stocks covered by Metals Channel currently has an average RSI of 38.8, the RSI of Spot Gold is at 39.6, and the RSI of Spot Silver is presently 35.8. A bullish investor could look at NEXA's 29.8 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), NEXA's low point in its 52 week range is $6.5001 per share, with $12.86 as the 52 week high point — that compares with a last trade of $6.96. Nexa Resources SA shares are currently trading down about 9.3% on the day.
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud:
Channel
Dividend
Gold
Index
Looking
Metals
NEXA
NYSE
Newsletter
Nexa
Offer
Oversold
Premium
Receive
Relative
Resources
Silver
Special
Spot
Start
Stocks
Strength
Wednesday
about
afternoon
analysis
average
begin
below
best
bullish
case
changing
chart
compares
comparison
considered
currently
look
mdash
oversold
point
reading
share
shares
territory
that
trading
week
with
|
Play Video:
Learn About The RSI
Free Email Alerts By Stock:
Start slideshow: