What technical chart patterns or support/resistance levels could be tested following the release of these earnings?
Technical outlook for NXR after the Q2â2025 earnings beat
The upbeat results have already lifted NXR toward the $12.00âŻââŻ$12.30 range, where the stock found a triangular consolidation over the past two weeks. The breakout from this triangle is the first technical testable level. If the rally holds, the next resistance sits at the $12.80â$13.00 âpsychologicalâ roundânumber barrier, which also coincides with the 20âday SMA and the prior swing high from earlyâŻMay. A breach above $13.00 would likely trigger a ascending channel that has been forming since the Q1 earnings, with the channelâs upper trendâline anchored at $13.50 and the lower trendâline at $11.70.
On the downside, the most immediate support is the $11.40 level â the low of the MarchâApril pullâback and the 50âday EMA. A move below $11.40 would test the next support at $10.80, the recent trough that also aligns with the 200âday SMA. The price action is currently displaying a bullish flag on the 4âhour chart, suggesting a shortâterm continuation if the $12.80 resistance holds.
Trading implication: With earnings momentum still fresh, a long position can be added on a retest of $11.40 support with a stop just below $10.80, targeting the $12.80â$13.00 resistance. Conversely, a short on a break below $11.40 (or a failure to hold $12.80) could capture a move toward $10.80. Monitoring the triangle breakout and the $12.80 psychological wall will be key to confirming which pattern â a continuation of the ascending channel or a reversal into a lowerâchannel â is taking shape.