NextGen Healthcare - currently its stock is trading at around $15.95 a share. The price has recently created a support level at $14.67 after weeks of falling.

Taking a look at NextGen Healthcare in this instance, currently trading at around $15.95 a share. We can see that the price of this stock has been stuck in this channel, ever since January 2021. It has attempted to rise higher on two separate occasions, the first one was in the week commencing 4^th of April 2022 but failed. The second time was in the week commencing 28^th of November 2022 but failed once again. Since the 28^th of November, the trend has been bearish on the weekly timeframe, with a recently created support level at $14.67. A break below this support may see the price edge lower towards the major support along the lower trendline of the channel, or respectively, $13.65. If the price consolidates around its current level, we could look towards the upside, with resistance levels now sitting at $16.84 then at $17.43 and then at $18.25. A move and close above $18.25 could see the price climb higher towards the little cluster (white oval) around $19 a share. Looking at the technical indicators, MACD is negative but gradually turning neutral and RSI is also negative as it reads 38.