NeXR Technologies SE (99SC.DE) Explosive Growth Stock, Shayne Heffernan Says
Explosive growth by Digital Twin Market -Dominance On the Rise | 28.92% CAGR growth by 2025
NeXR Technologies
Ticker: 99SC.DE
Price: EUR 10.20
NEXR stands for the development of next generation technologies and apps that combine Augmented Reality (AR), Mixed Reality (MR) and Virtual Reality (VR) to form the next Extended Reality. NEXR Technologies SE from Berlin (XETRA: 99SC) is a Virtual Reality (VR) First-Mover with unique hardware and software expertise.
The business segments VR Experience, 3D Scanner Systems and Motion Capture & Animation deal with trend-setting services and products and appear under their own names and labels. VR projects and services are offered under the label “VRIDAY”, “3D Instagraph” develops and distributes the self-developed scanner systems and “OnPoint Studios” offers all services around motion capture and animation in one of the largest MoCap studios in Germany.
These three business areas work closely together under the umbrella of NEXR Technologies SE. While “VRIDAY” as an agency offers consulting, planning, implementation and publishing of VR Experiences for companies and brands, the technology of the business field “3D Instagraph” is used for the creation of 3D avatars, which can be animated and integrated into virtual worlds with the help of the Motion Capture Studio OnPoint.
3D Instagraph develops and distributes its own 3D scanners and application software. With the help of the scanners photorealistic 3D avatars can be generated in seconds. NEXR Technologies SE is listed in the General Standard of the Frankfurt Stock Exchange.
Shayne Heffernan Trade Idea
“Our current price target of NEXR Technologies will come in around EUR 19.60 which will give the stock a price increase of +92.16%.”
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 6.13.
The projected upper bound is: 11.59.
The projected lower bound is: 9.00.
The projected closing price is: 10.30.
Candlesticks
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 6 white candles and 3 black candles for a net of 3 white candles. During the past 50 bars, there have been 21 white candles and 19 black candles for a net of 2 white candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 87.5000. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 22 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 85.99. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 24 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 163.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 21 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 20 period(s) ago.
Rex Takasugi – TD Profile
NeXR Tech SE closed up 1.550 at 10.200. Volume was 375% above average (trending) and Bollinger Bands were 147% wider than normal.
Open High Low Close Volume 8.800 10.700 8.600 10.200 24,492
Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 6.97 5.34 4.00 Volatility: 149 135 128 Volume: 13,197 5,364 5,411
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
NeXR Tech SE is currently 154.9% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods.
Our volume indicators reflect very strong flows of volume into 99SC.DE (bullish). Our trend forecasting oscillators are currently bullish on 99SC.DE and have had this outlook for the last 16 periods. Our momentum oscillator is currently indicating that 99SC.DE is currently in an overbought condition.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of the German Stock Market.
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