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Nexen Corp
Buy, Hold or Sell?

Let's analyse Nexen Corp together

PenkeI guess you are interested in Nexen Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Nexen Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Nexen Corp (30 sec.)










What can you expect buying and holding a share of Nexen Corp? (30 sec.)

How much money do you get?

How much money do you get?
₩0.48
When do you have the money?
1 year
How often do you get paid?
92.3%

What is your share worth?

Current worth
₩45,225.50
Expected worth in 1 year
₩48,876.94
How sure are you?
80.8%

+ What do you gain per year?

Total Gains per Share
₩4,340.19
Return On Investment
144.2%

For what price can you sell your share?

Current Price per Share
₩3,010.00
Expected price per share
₩2,775 - ₩3,125
How sure are you?
50%

1. Valuation of Nexen Corp (5 min.)




Live pricePrice per Share (EOD)

₩3,010.00

Intrinsic Value Per Share

₩-27,044.53 - ₩-31,549.58

Total Value Per Share

₩18,180.98 - ₩13,675.92

2. Growth of Nexen Corp (5 min.)




Is Nexen Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$1.5b$1.4b$40.3m2.7%

How much money is Nexen Corp making?

Current yearPrevious yearGrowGrow %
Making money$5.6m$2.4m$3.2m56.6%
Net Profit Margin1.0%0.3%--

How much money comes from the company's main activities?

3. Financial Health of Nexen Corp (5 min.)




4. Comparing to competitors in the Auto Parts industry (5 min.)




  Industry Rankings (Auto Parts)  


Richest
#67 / 564

Most Revenue
#108 / 564

Most Profit
#243 / 564

Most Efficient
#403 / 564

What can you expect buying and holding a share of Nexen Corp? (5 min.)

Welcome investor! Nexen Corp's management wants to use your money to grow the business. In return you get a share of Nexen Corp.

What can you expect buying and holding a share of Nexen Corp?

First you should know what it really means to hold a share of Nexen Corp. And how you can make/lose money.

Speculation

The Price per Share of Nexen Corp is ₩3,010. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Nexen Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Nexen Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ₩45,225.50. Based on the TTM, the Book Value Change Per Share is ₩912.86 per quarter. Based on the YOY, the Book Value Change Per Share is ₩191.20 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ₩172.19 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nexen Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps0.410.0%0.090.0%0.040.0%0.100.0%0.130.0%
Usd Book Value Change Per Share3.460.1%0.640.0%0.130.0%0.420.0%1.220.0%
Usd Dividend Per Share0.000.0%0.120.0%0.160.0%0.130.0%0.110.0%
Usd Total Gains Per Share3.460.1%0.760.0%0.290.0%0.550.0%1.330.0%
Usd Price Per Share2.07-2.18-2.23-2.29-2.55-
Price to Earnings Ratio1.25--1.00--2.79-9.30-8.10-
Price-to-Total Gains Ratio0.60-2.12-2.37--4.10-0.15-
Price to Book Ratio0.07-0.07-0.08-0.08-0.13-
Price-to-Total Gains Ratio0.60-2.12-2.37--4.10-0.15-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share2.107
Number of shares474
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.120.13
Usd Book Value Change Per Share0.640.42
Usd Total Gains Per Share0.760.55
Gains per Quarter (474 shares)360.02262.54
Gains per Year (474 shares)1,440.071,050.15
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1229121214302517991040
24572423287050215992090
36863635431075323983140
491448465750100331974190
5114360587190125439975240
6137172698630150547966290
71600848110070175655957340
81828969211510200763948390
920571090412950225871949440
10228512115143902508799310490

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share2.02.00.050.0%8.04.00.066.7%15.05.00.075.0%21.05.00.080.8%21.05.00.080.8%
Book Value Change Per Share3.01.00.075.0%9.03.00.075.0%14.06.00.070.0%20.06.00.076.9%20.06.00.076.9%
Dividend per Share3.00.01.075.0%11.00.01.091.7%18.00.02.090.0%24.00.02.092.3%24.00.02.092.3%
Total Gains per Share3.01.00.075.0%9.03.00.075.0%15.05.00.075.0%21.05.00.080.8%21.05.00.080.8%

Fundamentals of Nexen Corp

About Nexen Corp

Nexen Corporation manufactures and sells rubber products in South Korea. The company offers tubes and flaps, solid tires, golf balls, and bladders for tires, and carbon masterbatch related products. It provides logistics services comprising of sea, bulk, air, inland transport and distribution, warehouse, and knock down. The company exports and distributes its products to approximately 140 countries. Nexen Corporation was founded in 1968 and is headquartered in Gimhae, South Korea.

Fundamental data was last updated by Penke on 2024-03-24 07:38:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just not able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Nexen Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Nexen Corp earns for each ₩1 of revenue.

  • Above 10% is considered healthy but always compare Nexen Corp to the Auto Parts industry mean.
  • A Net Profit Margin of 3.8% means that ₩0.04 for each ₩1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nexen Corp:

  • The MRQ is 3.8%. The company is making a profit. +1
  • The TTM is 1.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ3.8%TTM1.0%+2.7%
TTM1.0%YOY0.3%+0.7%
TTM1.0%5Y1.3%-0.3%
5Y1.3%10Y5.5%-4.2%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ3.8%3.9%-0.1%
TTM1.0%3.6%-2.6%
YOY0.3%3.5%-3.2%
5Y1.3%2.9%-1.6%
10Y5.5%4.0%+1.5%
1.1.2. Return on Assets

Shows how efficient Nexen Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Nexen Corp to the Auto Parts industry mean.
  • 0.6% Return on Assets means that Nexen Corp generated ₩0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nexen Corp:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.2%+0.4%
TTM0.2%YOY0.1%+0.1%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.5%-0.3%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%1.2%-0.6%
TTM0.2%1.0%-0.8%
YOY0.1%1.0%-0.9%
5Y0.2%0.9%-0.7%
10Y0.5%1.2%-0.7%
1.1.3. Return on Equity

Shows how efficient Nexen Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Nexen Corp to the Auto Parts industry mean.
  • 2.5% Return on Equity means Nexen Corp generated ₩0.02 for each ₩1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nexen Corp:

  • The MRQ is 2.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 0.7%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.5%TTM0.7%+1.8%
TTM0.7%YOY0.3%+0.4%
TTM0.7%5Y0.8%-0.1%
5Y0.8%10Y1.1%-0.3%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.5%2.4%+0.1%
TTM0.7%2.2%-1.5%
YOY0.3%2.1%-1.8%
5Y0.8%1.8%-1.0%
10Y1.1%2.3%-1.2%

1.2. Operating Efficiency of Nexen Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nexen Corp is operating .

  • Measures how much profit Nexen Corp makes for each ₩1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Nexen Corp to the Auto Parts industry mean.
  • An Operating Margin of 0.0% means the company generated ₩0.00  for each ₩1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nexen Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM1.5%-1.5%
TTM1.5%YOY-2.2%+3.6%
TTM1.5%5Y5.3%-3.9%
5Y5.3%10Y8.3%-3.0%
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%-6.0%
TTM1.5%3.5%-2.0%
YOY-2.2%4.5%-6.7%
5Y5.3%4.9%+0.4%
10Y8.3%4.8%+3.5%
1.2.2. Operating Ratio

Measures how efficient Nexen Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Auto Parts industry mean).
  • An Operation Ratio of 1.61 means that the operating costs are ₩1.61 for each ₩1 in net sales.

Let's take a look of the Operating Ratio trends of Nexen Corp:

  • The MRQ is 1.608. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.613. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.608TTM1.613-0.005
TTM1.613YOY1.812-0.199
TTM1.6135Y1.668-0.054
5Y1.66810Y1.634+0.034
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6081.618-0.010
TTM1.6131.616-0.003
YOY1.8121.623+0.189
5Y1.6681.568+0.100
10Y1.6341.278+0.356

1.3. Liquidity of Nexen Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Nexen Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Auto Parts industry mean).
  • A Current Ratio of 1.13 means the company has ₩1.13 in assets for each ₩1 in short-term debts.

Let's take a look of the Current Ratio trends of Nexen Corp:

  • The MRQ is 1.134. The company is just able to pay all its short-term debts.
  • The TTM is 1.125. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.134TTM1.125+0.009
TTM1.125YOY1.312-0.186
TTM1.1255Y1.455-0.330
5Y1.45510Y1.490-0.035
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1341.650-0.516
TTM1.1251.648-0.523
YOY1.3121.604-0.292
5Y1.4551.579-0.124
10Y1.4901.351+0.139
1.3.2. Quick Ratio

Measures if Nexen Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Nexen Corp to the Auto Parts industry mean.
  • A Quick Ratio of 0.42 means the company can pay off ₩0.42 for each ₩1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nexen Corp:

  • The MRQ is 0.421. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.405. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.421TTM0.405+0.017
TTM0.405YOY0.547-0.143
TTM0.4055Y0.661-0.257
5Y0.66110Y0.692-0.030
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4210.695-0.274
TTM0.4050.713-0.308
YOY0.5470.742-0.195
5Y0.6610.752-0.091
10Y0.6920.782-0.090

1.4. Solvency of Nexen Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nexen Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Nexen Corp to Auto Parts industry mean.
  • A Debt to Asset Ratio of 0.56 means that Nexen Corp assets are financed with 56.1% credit (debt) and the remaining percentage (100% - 56.1%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Nexen Corp:

  • The MRQ is 0.561. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.559. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.561TTM0.559+0.002
TTM0.559YOY0.549+0.010
TTM0.5595Y0.530+0.029
5Y0.53010Y0.456+0.074
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5610.497+0.064
TTM0.5590.497+0.062
YOY0.5490.497+0.052
5Y0.5300.495+0.035
10Y0.4560.487-0.031
1.4.2. Debt to Equity Ratio

Measures if Nexen Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Nexen Corp to the Auto Parts industry mean.
  • A Debt to Equity ratio of 244.3% means that company has ₩2.44 debt for each ₩1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nexen Corp:

  • The MRQ is 2.443. The company is just not able to pay all its debts with equity.
  • The TTM is 2.413. The company is just not able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ2.443TTM2.413+0.030
TTM2.413YOY2.334+0.079
TTM2.4135Y2.189+0.224
5Y2.18910Y1.796+0.393
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4431.014+1.429
TTM2.4131.021+1.392
YOY2.3341.031+1.303
5Y2.1891.045+1.144
10Y1.7961.047+0.749

2. Market Valuation of Nexen Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₩1 in earnings Nexen Corp generates.

  • Above 15 is considered overpriced but always compare Nexen Corp to the Auto Parts industry mean.
  • A PE ratio of 1.25 means the investor is paying ₩1.25 for every ₩1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nexen Corp:

  • The EOD is 1.277. Based on the earnings, the company is cheap. +2
  • The MRQ is 1.252. Based on the earnings, the company is cheap. +2
  • The TTM is -0.998. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD1.277MRQ1.252+0.025
MRQ1.252TTM-0.998+2.249
TTM-0.998YOY-2.793+1.796
TTM-0.9985Y9.304-10.301
5Y9.30410Y8.096+1.208
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD1.27712.654-11.377
MRQ1.25211.732-10.480
TTM-0.99812.570-13.568
YOY-2.79315.239-18.032
5Y9.30416.913-7.609
10Y8.09621.344-13.248
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Nexen Corp:

  • The EOD is 0.403. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.395. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is -0.224. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD0.403MRQ0.395+0.008
MRQ0.395TTM-0.224+0.619
TTM-0.224YOY-0.214-0.010
TTM-0.2245Y-0.514+0.290
5Y-0.51410Y1.256-1.771
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD0.4035.527-5.124
MRQ0.3955.007-4.612
TTM-0.2243.626-3.850
YOY-0.2141.231-1.445
5Y-0.5142.384-2.898
10Y1.2562.661-1.405
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Nexen Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Auto Parts industry mean).
  • A PB ratio of 0.07 means the investor is paying ₩0.07 for each ₩1 in book value.

Let's take a look of the Price to Book Ratio trends of Nexen Corp:

  • The EOD is 0.067. Based on the equity, the company is cheap. +2
  • The MRQ is 0.065. Based on the equity, the company is cheap. +2
  • The TTM is 0.073. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.067MRQ0.065+0.001
MRQ0.065TTM0.073-0.008
TTM0.073YOY0.078-0.005
TTM0.0735Y0.084-0.011
5Y0.08410Y0.129-0.045
Compared to industry (Auto Parts)
PeriodCompanyIndustry (mean)+/- 
EOD0.0671.518-1.451
MRQ0.0651.481-1.416
TTM0.0731.516-1.443
YOY0.0781.620-1.542
5Y0.0841.700-1.616
10Y0.1292.210-2.081
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nexen Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--4947.044912.858+442%191.201+2487%602.249+721%1739.442+184%
Book Value Per Share--45225.50442521.885+6%40814.802+11%39274.457+15%34608.190+31%
Current Ratio--1.1341.125+1%1.312-14%1.455-22%1.490-24%
Debt To Asset Ratio--0.5610.559+0%0.549+2%0.530+6%0.456+23%
Debt To Equity Ratio--2.4432.413+1%2.334+5%2.189+12%1.796+36%
Dividend Per Share---172.188-100%228.202-100%189.005-100%161.233-100%
Eps--589.125126.596+365%63.650+826%144.653+307%185.210+218%
Free Cash Flow Per Share--1865.274-1093.609+159%-995.501+153%-263.505+114%-216.757+112%
Free Cash Flow To Equity Per Share--1865.274-58.149+103%122.365+1424%258.198+622%239.672+678%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---31549.584--------
Intrinsic Value_10Y_min---27044.526--------
Intrinsic Value_1Y_max---2477.205--------
Intrinsic Value_1Y_min---2432.814--------
Intrinsic Value_3Y_max---7964.505--------
Intrinsic Value_3Y_min---7593.046--------
Intrinsic Value_5Y_max---14080.591--------
Intrinsic Value_5Y_min---13024.354--------
Market Cap10296006000.000-1318%145992957100.000159158998257.500-8%165049223107.500-12%172541496589.250-15%195342001876.346-25%
Net Profit Margin--0.0380.010+267%0.003+986%0.013+181%0.055-32%
Operating Margin---0.015-100%-0.0220%0.053-100%0.083-100%
Operating Ratio--1.6081.6130%1.812-11%1.668-4%1.634-2%
Pb Ratio0.067+2%0.0650.073-11%0.078-16%0.084-22%0.129-49%
Pe Ratio1.277+2%1.252-0.998+180%-2.793+323%9.304-87%8.096-85%
Price Per Share3010.000+2%2950.0003108.750-5%3183.750-7%3268.500-10%3638.846-19%
Price To Free Cash Flow Ratio0.403+2%0.395-0.224+157%-0.214+154%-0.514+230%1.256-69%
Price To Total Gains Ratio0.608+2%0.5962.125-72%2.366-75%-4.099+787%0.148+302%
Quick Ratio--0.4210.405+4%0.547-23%0.661-36%0.692-39%
Return On Assets--0.0060.002+264%0.001+734%0.002+195%0.005+10%
Return On Equity--0.0250.007+260%0.003+706%0.008+212%0.011+127%
Total Gains Per Share--4947.0441085.046+356%419.403+1080%791.253+525%1900.676+160%
Usd Book Value--1566719844.5291521512747.125+3%1481120045.655+6%1445560491.397+8%1283765495.656+22%
Usd Book Value Change Per Share--3.4630.639+442%0.134+2487%0.422+721%1.218+184%
Usd Book Value Per Share--31.65829.765+6%28.570+11%27.492+15%24.226+31%
Usd Dividend Per Share---0.121-100%0.160-100%0.132-100%0.113-100%
Usd Eps--0.4120.089+365%0.045+826%0.101+307%0.130+218%
Usd Free Cash Flow--64617564.886-39980481.420+162%-36125528.458+156%-9349115.857+114%-7722550.056+112%
Usd Free Cash Flow Per Share--1.306-0.766+159%-0.697+153%-0.184+114%-0.152+112%
Usd Free Cash Flow To Equity Per Share--1.306-0.041+103%0.086+1424%0.181+622%0.168+678%
Usd Market Cap7207204.200-1318%102195069.970111411298.780-8%115534456.175-12%120779047.612-15%136739401.313-25%
Usd Price Per Share2.107+2%2.0652.176-5%2.229-7%2.288-10%2.547-19%
Usd Profit--20408705.2055693756.773+258%2468841.998+727%5917218.441+245%7607335.136+168%
Usd Revenue--543916390.171539060728.365+1%496763575.159+9%437307268.355+24%364500422.837+49%
Usd Total Gains Per Share--3.4630.760+356%0.294+1080%0.554+525%1.330+160%
 EOD+2 -6MRQTTM+24 -11YOY+22 -125Y+24 -1110Y+24 -11

3.2. Fundamental Score

Let's check the fundamental score of Nexen Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-151.277
Price to Book Ratio (EOD)Between0-10.067
Net Profit Margin (MRQ)Greater than00.038
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.421
Current Ratio (MRQ)Greater than11.134
Debt to Asset Ratio (MRQ)Less than10.561
Debt to Equity Ratio (MRQ)Less than12.443
Return on Equity (MRQ)Greater than0.150.025
Return on Assets (MRQ)Greater than0.050.006
Total5/10 (50.0%)

3.3. Technical Score

Let's check the technical score of Nexen Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.286
Ma 20Greater thanMa 503,021.750
Ma 50Greater thanMa 1002,950.700
Ma 100Greater thanMa 2002,916.550
OpenGreater thanClose3,030.000
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in KRW. All numbers in thousands.

Summary
Total Assets5,098,240,309
Total Liabilities2,860,069,103
Total Stockholder Equity1,170,693,216
 As reported
Total Liabilities 2,860,069,103
Total Stockholder Equity+ 1,170,693,216
Total Assets = 5,098,240,309

Assets

Total Assets5,098,240,309
Total Current Assets1,787,488,495
Long-term Assets3,310,751,814
Total Current Assets
Cash And Cash Equivalents 343,375,974
Short-term Investments 73,410,084
Net Receivables 590,621,716
Inventory 665,663,201
Other Current Assets 6,286,222
Total Current Assets  (as reported)1,787,488,495
Total Current Assets  (calculated)1,679,357,197
+/- 108,131,298
Long-term Assets
Property Plant Equipment 2,648,036,719
Intangible Assets 63,887,139
Long-term Assets Other 0
Long-term Assets  (as reported)3,310,751,814
Long-term Assets  (calculated)2,711,923,858
+/- 598,827,956

Liabilities & Shareholders' Equity

Total Current Liabilities1,575,868,412
Long-term Liabilities1,284,200,691
Total Stockholder Equity1,170,693,216
Total Current Liabilities
Short Long Term Debt 1,125,365,823
Accounts payable 149,729,074
Other Current Liabilities 1,068,198
Total Current Liabilities  (as reported)1,575,868,412
Total Current Liabilities  (calculated)1,276,163,095
+/- 299,705,317
Long-term Liabilities
Long term Debt 810,918,276
Capital Lease Obligations Min Short Term Debt22,111,477
Long-term Liabilities Other 0
Long-term Liabilities  (as reported)1,284,200,691
Long-term Liabilities  (calculated)833,029,753
+/- 451,170,938
Total Stockholder Equity
Retained Earnings 973,044,228
Total Stockholder Equity (as reported)1,170,693,216
Total Stockholder Equity (calculated)973,044,228
+/- 197,648,988
Other
Capital Stock28,572,289
Common Stock Shares Outstanding 49,489
Net Debt 1,592,908,125
Net Invested Capital 3,105,177,014
Net Working Capital 211,620,083
Property Plant and Equipment Gross 4,785,798,571



Balance Sheet

Currency in KRW. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-30
> Total Assets 
995,862,720
1,018,287,104
1,085,451,848
1,106,320,654
1,102,682,278
3,798,288,770
3,825,103,267
3,946,765,670
4,177,562,532
4,079,135,640
4,098,014,996
4,220,445,811
4,134,808,840
4,155,200,405
4,239,211,984
4,171,079,852
4,310,005,396
4,391,478,295
4,572,292,481
4,549,854,947
4,748,914,468
4,915,417,137
4,726,896,214
4,892,978,293
4,998,103,659
5,098,240,309
5,098,240,3094,998,103,6594,892,978,2934,726,896,2144,915,417,1374,748,914,4684,549,854,9474,572,292,4814,391,478,2954,310,005,3964,171,079,8524,239,211,9844,155,200,4054,134,808,8404,220,445,8114,098,014,9964,079,135,6404,177,562,5323,946,765,6703,825,103,2673,798,288,7701,102,682,2781,106,320,6541,085,451,8481,018,287,104995,862,720
   > Total Current Assets 
120,412,100
141,444,592
158,949,722
158,050,971
136,503,248
1,111,885,594
1,110,543,519
1,158,281,186
1,303,609,556
1,204,439,299
1,205,376,352
1,328,779,611
1,251,124,717
1,257,829,471
1,344,018,778
1,282,310,110
1,417,787,468
1,481,842,642
1,645,487,810
1,583,494,478
1,733,900,120
1,799,173,512
1,637,750,257
1,677,983,609
1,733,421,626
1,787,488,495
1,787,488,4951,733,421,6261,677,983,6091,637,750,2571,799,173,5121,733,900,1201,583,494,4781,645,487,8101,481,842,6421,417,787,4681,282,310,1101,344,018,7781,257,829,4711,251,124,7171,328,779,6111,205,376,3521,204,439,2991,303,609,5561,158,281,1861,110,543,5191,111,885,594136,503,248158,050,971158,949,722141,444,592120,412,100
       Cash And Cash Equivalents 
28,438,577
19,779,365
23,952,633
22,964,791
17,185,395
137,768,962
158,373,258
134,693,654
155,326,829
127,265,726
178,499,401
229,260,332
308,930,063
291,683,089
316,562,823
191,397,064
231,761,868
226,647,795
363,022,508
200,580,424
253,659,176
218,040,075
326,803,157
284,968,030
270,867,052
343,375,974
343,375,974270,867,052284,968,030326,803,157218,040,075253,659,176200,580,424363,022,508226,647,795231,761,868191,397,064316,562,823291,683,089308,930,063229,260,332178,499,401127,265,726155,326,829134,693,654158,373,258137,768,96217,185,39522,964,79123,952,63319,779,36528,438,577
       Short-term Investments 
18,400,000
15,419,399
13,499,999
9,566,660
6,969,085
112,158,798
96,291,108
155,359,319
231,813,911
152,428,808
157,681,036
173,773,806
122,541,298
135,415,067
196,140,518
195,561,410
216,951,095
197,432,641
175,550,419
127,092,689
121,195,495
107,775,475
74,095,250
72,325,019
77,088,154
73,410,084
73,410,08477,088,15472,325,01974,095,250107,775,475121,195,495127,092,689175,550,419197,432,641216,951,095195,561,410196,140,518135,415,067122,541,298173,773,806157,681,036152,428,808231,813,911155,359,31996,291,108112,158,7986,969,0859,566,66013,499,99915,419,39918,400,000
       Net Receivables 
46,150,430
46,624,695
61,625,938
65,385,305
67,882,912
453,639,290
452,584,434
460,596,828
480,530,627
473,634,604
421,440,302
449,167,572
369,046,162
432,412,222
428,853,457
466,009,851
481,250,959
507,712,663
501,773,380
576,424,212
594,156,672
610,640,963
445,228,860
507,377,196
615,308,636
590,621,716
590,621,716615,308,636507,377,196445,228,860610,640,963594,156,672576,424,212501,773,380507,712,663481,250,959466,009,851428,853,457432,412,222369,046,162449,167,572421,440,302473,634,604480,530,627460,596,828452,584,434453,639,29067,882,91265,385,30561,625,93846,624,69546,150,430
       Inventory 
22,252,281
24,537,149
24,690,619
26,086,893
24,186,209
317,719,528
333,069,045
343,327,383
360,080,464
375,270,037
408,595,106
434,812,436
411,193,052
359,937,442
370,441,206
383,411,699
446,121,604
491,638,937
535,132,915
589,395,678
663,869,287
754,518,861
683,018,273
681,927,427
681,302,534
665,663,201
665,663,201681,302,534681,927,427683,018,273754,518,861663,869,287589,395,678535,132,915491,638,937446,121,604383,411,699370,441,206359,937,442411,193,052434,812,436408,595,106375,270,037360,080,464343,327,383333,069,045317,719,52824,186,20926,086,89324,690,61924,537,14922,252,281
       Other Current Assets 
1,958,666
1,711,275
301,004
1,122,888
1,361,288
20,115,534
38,500,028
17,250,482
0
0
25,838,268
19,738,094
19,319,056
16,247,176
14,219,109
20,031,789
15,962,518
18,347,594
38,406,886
42,781,793
50,514,534
56,820,713
4,830,945
5,215,166
52,282,312
6,286,222
6,286,22252,282,3125,215,1664,830,94556,820,71350,514,53442,781,79338,406,88618,347,59415,962,51820,031,78914,219,10916,247,17619,319,05619,738,09425,838,2680017,250,48238,500,02820,115,5341,361,2881,122,888301,0041,711,2751,958,666
   > Long-term Assets 
0
0
0
0
0
0
0
2,788,484,484
2,873,952,976
2,874,696,341
2,892,638,644
2,891,666,199
2,883,684,123
2,897,370,933
2,895,193,206
2,888,769,742
2,892,217,928
2,909,635,653
2,926,804,671
2,966,360,469
3,015,014,347
3,116,243,625
3,089,145,957
3,214,994,684
3,264,682,034
3,310,751,814
3,310,751,8143,264,682,0343,214,994,6843,089,145,9573,116,243,6253,015,014,3472,966,360,4692,926,804,6712,909,635,6532,892,217,9282,888,769,7422,895,193,2062,897,370,9332,883,684,1232,891,666,1992,892,638,6442,874,696,3412,873,952,9762,788,484,4840000000
       Property Plant Equipment 
117,821,611
118,877,229
154,977,962
150,558,284
150,970,702
2,391,967,407
2,446,517,637
2,524,307,541
2,539,236,766
2,528,557,742
2,523,805,762
2,535,544,406
2,530,456,714
2,514,593,182
2,453,633,519
2,439,093,686
2,429,960,100
2,438,581,691
2,439,925,027
2,473,138,007
2,472,104,136
2,534,548,345
2,503,491,732
2,608,485,518
2,627,419,006
2,648,036,719
2,648,036,7192,627,419,0062,608,485,5182,503,491,7322,534,548,3452,472,104,1362,473,138,0072,439,925,0272,438,581,6912,429,960,1002,439,093,6862,453,633,5192,514,593,1822,530,456,7142,535,544,4062,523,805,7622,528,557,7422,539,236,7662,524,307,5412,446,517,6372,391,967,407150,970,702150,558,284154,977,962118,877,229117,821,611
       Long Term Investments 
724,482,911
740,319,651
752,738,908
772,453,088
788,335,211
146,694,417
159,752,697
153,193,715
149,381,075
156,757,936
145,943,762
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000145,943,762156,757,936149,381,075153,193,715159,752,697146,694,417788,335,211772,453,088752,738,908740,319,651724,482,911
       Intangible Assets 
4,823,959
4,800,791
5,050,457
4,780,112
4,651,172
59,873,226
59,138,935
59,900,305
59,096,721
66,411,079
65,801,656
72,456,393
72,993,569
72,589,290
71,065,235
69,978,476
68,907,733
69,767,425
72,914,098
71,806,063
71,478,603
71,798,631
70,605,167
68,253,368
66,251,790
63,887,139
63,887,13966,251,79068,253,36870,605,16771,798,63171,478,60371,806,06372,914,09869,767,42568,907,73369,978,47671,065,23572,589,29072,993,56972,456,39365,801,65666,411,07959,096,72159,900,30559,138,93559,873,2264,651,1724,780,1125,050,4574,800,7914,823,959
       Long-term Assets Other 
0
0
0
0
0
0
0
-1
0
0
-1
0
0
0
0
-1
0
0
1
0
-15,390,803
-31,467,951
-33,059,590
0
-33,522,457
0
0-33,522,4570-33,059,590-31,467,951-15,390,8030100-10000-100-10000000
> Total Liabilities 
145,933,386
139,177,077
168,376,823
175,030,834
161,257,610
1,936,127,559
1,942,346,054
2,038,679,071
2,216,955,701
2,094,732,115
2,081,511,600
2,183,151,916
2,114,041,276
2,135,891,215
2,197,933,137
2,103,785,863
2,220,078,517
2,275,879,570
2,455,495,305
2,457,465,169
2,649,805,403
2,760,170,039
2,595,712,644
2,743,967,460
2,822,110,713
2,860,069,103
2,860,069,1032,822,110,7132,743,967,4602,595,712,6442,760,170,0392,649,805,4032,457,465,1692,455,495,3052,275,879,5702,220,078,5172,103,785,8632,197,933,1372,135,891,2152,114,041,2762,183,151,9162,081,511,6002,094,732,1152,216,955,7012,038,679,0711,942,346,0541,936,127,559161,257,610175,030,834168,376,823139,177,077145,933,386
   > Total Current Liabilities 
77,686,248
70,171,178
96,298,197
99,417,791
86,653,261
887,695,868
717,736,538
801,260,554
806,514,571
689,762,003
685,739,076
819,309,341
832,109,060
818,909,246
849,081,068
771,936,105
861,482,647
876,762,963
1,152,901,809
1,176,985,140
1,344,615,898
1,519,697,982
1,568,455,338
1,454,833,767
1,482,035,720
1,575,868,412
1,575,868,4121,482,035,7201,454,833,7671,568,455,3381,519,697,9821,344,615,8981,176,985,1401,152,901,809876,762,963861,482,647771,936,105849,081,068818,909,246832,109,060819,309,341685,739,076689,762,003806,514,571801,260,554717,736,538887,695,86886,653,26199,417,79196,298,19770,171,17877,686,248
       Short-term Debt 
48,731,529
641,600
641,600
641,600
1,655,896
287,248,795
225,586,186
425,532,387
383,899,286
274,779,359
281,297,806
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000281,297,806274,779,359383,899,286425,532,387225,586,186287,248,7951,655,896641,600641,600641,60048,731,529
       Short Long Term Debt 
48,731,529
641,600
641,600
641,600
1,655,896
287,248,795
225,586,186
425,532,387
383,899,286
274,779,359
281,297,806
459,389,019
576,637,111
499,625,551
517,657,200
462,089,734
476,877,717
435,444,462
564,639,296
628,213,007
767,590,690
925,754,140
1,088,761,340
1,022,197,089
1,069,959,093
1,125,365,823
1,125,365,8231,069,959,0931,022,197,0891,088,761,340925,754,140767,590,690628,213,007564,639,296435,444,462476,877,717462,089,734517,657,200499,625,551576,637,111459,389,019281,297,806274,779,359383,899,286425,532,387225,586,186287,248,7951,655,896641,600641,600641,60048,731,529
       Accounts payable 
8,211,055
10,226,729
22,168,815
22,898,669
24,828,107
139,278,151
143,323,133
132,731,896
152,091,465
146,739,838
130,168,349
130,384,426
87,449,590
112,346,979
96,181,405
77,800,169
128,858,005
179,866,899
147,213,872
159,308,879
209,061,320
203,541,306
176,668,168
155,520,791
159,724,668
149,729,074
149,729,074159,724,668155,520,791176,668,168203,541,306209,061,320159,308,879147,213,872179,866,899128,858,00577,800,16996,181,405112,346,97987,449,590130,384,426130,168,349146,739,838152,091,465132,731,896143,323,133139,278,15124,828,10722,898,66922,168,81510,226,7298,211,055
       Other Current Liabilities 
14,835,629
13,799,627
13,116,559
16,135,951
9,479,150
217,026,180
197,862,854
1
0
1
226,246,748
172,246,643
112,314,055
143,352,722
188,546,273
175,135,830
185,902,732
193,737,559
384,381,091
329,161,658
296,086,276
314,095,844
1,465,049
900,087
170,406,730
1,068,198
1,068,198170,406,730900,0871,465,049314,095,844296,086,276329,161,658384,381,091193,737,559185,902,732175,135,830188,546,273143,352,722112,314,055172,246,643226,246,748101197,862,854217,026,1809,479,15016,135,95113,116,55913,799,62714,835,629
   > Long-term Liabilities 
0
0
0
0
0
0
0
1,237,418,517
1,410,441,130
1,404,970,112
1,395,772,524
1,363,842,575
1,281,932,216
1,316,981,968
1,348,852,069
1,331,849,759
1,358,595,871
1,399,116,607
1,302,593,496
1,280,480,029
1,305,189,505
1,240,472,057
1,027,257,306
1,289,133,693
1,340,074,993
1,284,200,691
1,284,200,6911,340,074,9931,289,133,6931,027,257,3061,240,472,0571,305,189,5051,280,480,0291,302,593,4961,399,116,6071,358,595,8711,331,849,7591,348,852,0691,316,981,9681,281,932,2161,363,842,5751,395,772,5241,404,970,1121,410,441,1301,237,418,5170000000
       Capital Lease Obligations 
0
0
0
0
0
0
0
22,029,634
22,170,575
23,199,303
22,314,896
19,630,374
22,974,989
25,828,405
23,237,116
20,185,303
20,805,746
21,002,380
25,111,067
22,410,448
23,942,038
22,914,205
22,028,135
20,594,083
20,220,882
22,111,477
22,111,47720,220,88220,594,08322,028,13522,914,20523,942,03822,410,44825,111,06721,002,38020,805,74620,185,30323,237,11625,828,40522,974,98919,630,37422,314,89623,199,30322,170,57522,029,6340000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
2
1
1
1
1
-1
12,522,333
0
-1
0
13,709,324
1
13,079,559
0
-1
0
1
14,019,800
0
014,019,80010-1013,079,559113,709,3240-1012,522,333-1111120000000
> Total Stockholder Equity
848,129,035
877,309,727
915,274,724
929,489,521
939,624,368
944,188,073
957,418,452
973,365,105
1,003,093,782
1,016,692,079
1,030,185,328
1,045,314,599
1,034,405,886
1,039,731,813
1,051,520,065
1,066,399,304
1,080,905,862
1,096,871,459
1,098,430,090
1,092,170,750
1,100,878,482
1,129,716,847
1,128,197,918
1,126,646,224
1,141,628,645
1,170,693,216
1,170,693,2161,141,628,6451,126,646,2241,128,197,9181,129,716,8471,100,878,4821,092,170,7501,098,430,0901,096,871,4591,080,905,8621,066,399,3041,051,520,0651,039,731,8131,034,405,8861,045,314,5991,030,185,3281,016,692,0791,003,093,782973,365,105957,418,452944,188,073939,624,368929,489,521915,274,724877,309,727848,129,035
   Common Stock
25,440,085
25,440,085
26,771,989
26,771,989
26,771,989
26,771,989
26,771,989
26,771,989
26,771,989
26,771,989
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
28,572,289
0
0
28,572,289
0
028,572,2890028,572,28928,572,28928,572,28928,572,28928,572,28928,572,28928,572,28928,572,28928,572,28928,572,28928,572,28928,572,28926,771,98926,771,98926,771,98926,771,98926,771,98926,771,98926,771,98926,771,98925,440,08525,440,085
   Retained Earnings 
679,369,877
706,747,088
729,699,672
739,749,778
756,758,765
772,393,015
784,060,889
790,687,321
821,650,159
835,274,832
856,928,347
868,221,367
857,350,856
863,114,094
871,229,355
884,964,432
896,449,825
903,292,346
906,751,591
897,190,436
904,925,334
922,719,571
941,728,600
924,444,744
943,944,789
973,044,228
973,044,228943,944,789924,444,744941,728,600922,719,571904,925,334897,190,436906,751,591903,292,346896,449,825884,964,432871,229,355863,114,094857,350,856868,221,367856,928,347835,274,832821,650,159790,687,321784,060,889772,393,015756,758,765739,749,778729,699,672706,747,088679,369,877
   Capital Surplus 00000000000000000000000000
   Treasury Stock00000000000000000000000000
   Other Stockholders Equity 
13,836,854
15,640,334
8,682,757
13,781,420
11,960,674
890,129
2,452,633
4,432,655
3,198,493
3,172,119
551,751
4,388,003
4,349,801
3,912,489
8,154,835
12,726,254
15,747,418
24,870,495
22,969,880
26,271,696
27,244,530
41,435,712
0
0
37,726,477
0
037,726,4770041,435,71227,244,53026,271,69622,969,88024,870,49515,747,41812,726,2548,154,8353,912,4894,349,8014,388,003551,7513,172,1193,198,4934,432,6552,452,633890,12911,960,67413,781,4208,682,75715,640,33413,836,854



Balance Sheet

Currency in KRW. All numbers in thousands.




Cash Flow

Currency in KRW. All numbers in thousands.




Income Statement

Currency in KRW. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue3,080,347,020
Cost of Revenue-2,346,719,797
Gross Profit733,627,222733,627,222
 
Operating Income (+$)
Gross Profit733,627,222
Operating Expense-2,916,951,671
Operating Income163,395,348-2,183,324,449
 
Operating Expense (+$)
Research Development-
Selling General Administrative359,130,149
Selling And Marketing Expenses-
Operating Expense2,916,951,671359,130,149
 
Net Interest Income (+$)
Interest Income10,465,361
Interest Expense-52,329,430
Other Finance Cost-3,896,762
Net Interest Income-45,760,831
 
Pretax Income (+$)
Operating Income163,395,348
Net Interest Income-45,760,831
Other Non-Operating Income Expenses-
Income Before Tax (EBT)119,984,389163,395,348
EBIT - interestExpense = -52,329,430
32,535,754
84,865,184
Interest Expense52,329,430
Earnings Before Interest and Taxes (EBIT)-172,313,819
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax119,984,389
Tax Provision-39,365,794
Net Income From Continuing Ops80,618,59580,618,595
Net Income32,535,754
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-45,760,831
 

Technical Analysis of Nexen Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Nexen Corp. The general trend of Nexen Corp is BULLISH with 42.9% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Nexen Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (42.9%) Bearish trend (-42.9%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Nexen Corp.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 3,095 < 3,100 < 3,125.

The bearish price targets are: 2,990 > 2,930 > 2,775.

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Nexen Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Nexen Corp. The current mas is .

The long score for the Moving Averages is 10/14.
The longshort score for the Moving Averages is 6/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Nexen Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Nexen Corp. The current macd is 12.15.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nexen Corp price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Nexen Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Nexen Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Nexen Corp Daily Moving Average Convergence/Divergence (MACD) ChartNexen Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Nexen Corp. The current adx is 17.89.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Nexen Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Nexen Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Nexen Corp. The current sar is 3,079.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Nexen Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Nexen Corp. The current rsi is 51.29. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 3/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Nexen Corp Daily Relative Strength Index (RSI) ChartNexen Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Nexen Corp. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nexen Corp price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Nexen Corp Daily Stochastic Oscillator ChartNexen Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Nexen Corp. The current cci is -30.76923077.

Nexen Corp Daily Commodity Channel Index (CCI) ChartNexen Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Nexen Corp. The current cmo is -4.80404203.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Nexen Corp Daily Chande Momentum Oscillator (CMO) ChartNexen Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Nexen Corp. The current willr is -89.47368421.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Nexen Corp Daily Williams %R ChartNexen Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Nexen Corp.

Nexen Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Nexen Corp. The current atr is 29.03.

Nexen Corp Daily Average True Range (ATR) ChartNexen Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Nexen Corp. The current obv is 590,207.

Nexen Corp Daily On-Balance Volume (OBV) ChartNexen Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Nexen Corp. The current mfi is 60.15.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Nexen Corp Daily Money Flow Index (MFI) ChartNexen Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nexen Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-06STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-17CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-11-20DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-24SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2023-11-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-11STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-12RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2023-12-13ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-14SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-15MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-19CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-22WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-28STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-04DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-08STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-09MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-10STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-12STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-22RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-30CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-02SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-02-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-29RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-04WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-07STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-08SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-13STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-18CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-19STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-21SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-26CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Nexen Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nexen Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5051.286
Ma 20Greater thanMa 503,021.750
Ma 50Greater thanMa 1002,950.700
Ma 100Greater thanMa 2002,916.550
OpenGreater thanClose3,030.000
Total4/5 (80.0%)
Penke

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