Nexxen International Price: NEXN Reverses Values, Trading Beneath 800

PUBLISHED: Feb 18 2025 @ 22:25 | Comments (0) | More info about Azeez Mustapha

It has been showcased that recent price movements that were driven by bulls’ efforts toward the line of 900 in operations of Nexxen International Ltd. (LSE:NEXN) have been seeing reversing values to now trade beneath 800 points.

With a confirmed trade signal validating a decisive southward breakdown at the 800-zone, a cluster of candlesticks has concurrently established a base around 700, with minor upward retracements suggesting an imminent exhaustion of downward momentum. In the interim, market activity may necessitate a consolidation phase within or around these lower threshold levels, allowing for a gradual accumulation of upward traction before a potential resurgence unfolds.

Resistance Levels: 800, 850, 900
Support Levels: 650, 600, 550

What are the indicators’ outlook settings while NEXN Ltd. trades below 800, other than the candlesticks’ formation pattern?

From the perspective of the price movements reconfiguration following a pattern at the moment, it is observed that buying pressures are being composed, given that Nexxen International Ltd stock currently reverses upward trend, trading closely beneath 800.

The 15-day EMA is currently crossing southward, positioned well below the 50-day EMA. Meanwhile, the stochastic oscillators have entered the oversold region, signaling a potential market adjustment as it begins to stabilize.

Learn from market wizards: Books to take your trading to the next

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

Follow @ItuGlobal

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.