Nexgen energy ltd (pre-merger) NXE.US Swing Trading Analysis

US StockEnergy

NXE Swing Trading Score

3

24

15

Weakening Action
  • AI analysis rates NXE with  a lower swing trading score of 2.
  • It is mainly due to  the negative AI swing signal,along with  the relatively high short-term volatility.
  • Furthermore, based on the current swing trading score, the probability of future bullish swings occurring or continuing appears to be low.

NXE Historical Swing Trading Score

You can use historical scores of 3 or above to observe potential performance and make investment decisions.

NXE Swing Trading Strategy Backtest

The following backtest is based on specified rules since 2007. Price chart shows buy/sell time, cumulative returns, and backtesting statistics.

Entry
Exit

The Backtest Result of NXE from 2013/08 till Now

183.73%
Cumulative Return
10.56%
Annual Return
59.82%
Volatility
0.18
Sharpe Ratio

Statistics data for entering at or above a Swing Trading score of 4 and exiting at or below a Swing Trading score of 2 from August, 2013 to February, 2025. (Total Trades: 65)

NXESectorUS Overall Market
Wining Rate42%43%43%
Avg Return5.7%1.7%2.3%
Avg Profit27.6%14.2%14.6%
Avg Loss-9.9%-7.7%-7.2%
Avg Risk-Reward Ratio279.3%183.4%201.6%

Update to 2025/2/6 (Daily Update)

Top 10 High Relevance to NXE Swing Trading Score