RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NEXA
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for Nexa Resources S.A.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 12, 2024 Gain 2.73% PDF

No changes to the price of Nexa Resources S.A. stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 3.11% from a day low at $7.08 to a day high of $7.30. The price has risen in 5 of the last 10 days but is still down by -0.97% for this period.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.31% during the next 3 months and, with a 90% probability hold a price between $7.12 and $7.85 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

NEXA Signals & Forecast

The Nexa Resources S.A. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $7.37. On a fall, the stock will find some support from the long-term average at approximately $7.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -4.66%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for Nexa Resources S.A. stock

Nexa Resources S.A. finds support from accumulated volume at $6.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.220 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 3.06%.

Our recommended stop-loss: $6.77 (-5.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (NEXA) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Nexa Resources S.A. to open at $7.18, and during the day (based on 14 day Average True Range), to move between $7.00 and $7.32, which gives a possible trading interval of +/-$0.160 (+/-2.23%) up or down from last closing price. If Nexa Resources S.A. takes out the full calculated possible swing range there will be an estimated 4.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.31 (2.09%) than the support at $6.99 (2.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Nexa Resources S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nexa Resources S.A. stock to perform well in the short-term.

Current score: 1.293 Buy Candidate Unchanged

Predicted Opening Price for Nexa Resources S.A. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.18 ( 0.279%) $7.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for NEXA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.40 3.35 %
R2 7.32 2.18 %
R1 7.26 1.45 %
Current price: 7.16
Support S1 7.10 -0.89 %
S2 7.04 -1.62 %
S3 6.96 -2.79 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.51 4.89 %
R2 7.48 4.47 %
R1 7.31 2.09 %
Current price 7.16
Support S1 6.99 -2.37%
S2 6.98 -2.51%
S3 6.92 -3.35%

NEXA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2023 Mar 09, 2023 Mar 24, 2023 $0.189 3.16%
2 Feb 16, 2022 Mar 10, 2022 Mar 25, 2022 $0.378 4.10%
3 Feb 12, 2021 Mar 11, 2021 Mar 26, 2021 $0.264 2.60%
4 Feb 13, 2020 Mar 13, 2020 Mar 30, 2020 $0.378 12.27%
5 Feb 15, 2019 Mar 13, 2019 Mar 28, 2019 $0.525 4.26%

FAQ

What is the symbol for Nexa Resources S.A. Stock and on which exchange is it traded?
The symbol for Nexa Resources S.A. is NEXA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Nexa Resources S.A. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nexa Resources S.A. stock to perform well in the short-term.

How to buy Nexa Resources S.A. Stock?
Nexa Resources S.A. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nexa Resources S.A. Stock.

What's the current price of Nexa Resources S.A. Stock?
As of the end of day on the 2024-03-28, the price of an Nexa Resources S.A. (NEXA) share was $7.16.

What is the 52-week high and low for Nexa Resources S.A. Stock?
The 52-week high for Nexa Resources S.A. Stock is $7.62 and the 52-week low is $4.14.

What is the market capitalization of Nexa Resources S.A. Stock?
As of the 2024-03-28, the market capitalization of Nexa Resources S.A. is 948.263M.

When is the next earnings date for Nexa Resources S.A.?
The upcoming earnings date for Nexa Resources S.A. is Apr 25, 2024.
Click to get the best stock tips daily for free!

About Nexa Resources S.A.

Nexa Resources S.A. Nexa Resources S.A., together with its subsidiaries, engages in the zinc mining and smelting business. The company also produces zinc, silver, gold, copper cement, lead, sulfuric acid, sulfur dioxide, copper sulfate, and limestone deposits. It owns and operates five underground polymetallic mines, including three located in the Central Andes of Peru; and two located in the State of Minas Gerais in Brazil. The company also develops the Aripuanã p... NEXA Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT