provider: openai_compatible | deep: glm-5.3-flash | quick: glm-5.3-flash
Analyzing NEXA for 2026-10-16
================================ Human Message =================================
NEXA
================================== Ai Message ==================================
I'll analyze NEXA (Nexa Resources S.A.) systematically. First, let me retrieve the stock price data to establish market context.
Tool Calls:
get_stock_data (2046c7f9-6900-4ff2-95c8-61341c39a196)
Call ID: 2046c7f9-6900-4ff2-95c8-61341c39a196
Args:
symbol: NEXA
start_date: 2025-10-16
end_date: 2026-10-16
================================= Tool Message =================================
Name: get_stock_data
Date,Open,High,Low,Close,Volume,Dividends,Stock Splits
2025-10-16,5.6,5.67,5.47,5.54,62600,0.0,0.0
2025-10-17,5.59,5.67,5.49,5.52,107000,0.0,0.0
2025-10-20,5.68,5.68,5.48,5.57,110700,0.0,0.0
2025-10-21,5.57,5.67,5.32,5.39,54400,0.0,0.0
2025-10-22,5.34,5.47,5.33,5.36,157100,0.0,0.0
2025-10-23,5.43,5.53,5.42,5.46,52600,0.0,0.0
2025-10-24,5.51,5.74,5.49,5.61,136000,0.0,0.0
2025-10-27,5.6,5.62,5.37,5.44,183500,0.0,0.0
2025-10-28,5.44,5.49,5.38,5.44,39100,0.0,0.0
2025-10-29,5.45,5.65,5.41,5.51,51200,0.0,0.0
2025-10-30,5.41,5.55,5.35,5.39,47400,0.0,0.0
2025-10-31,5.45,5.84,5.45,5.75,198800,0.0,0.0
2025-11-03,5.89,5.93,5.38,5.62,171500,0.0,0.0
2025-11-04,5.69,5.81,5.35,5.42,115700,0.0,0.0
2025-11-05,5.47,5.47,5.22,5.33,90000,0.0,0.0
2025-11-06,5.34,5.34,5.13,5.26,67100,0.0,0.0
2025-11-07,5.26,5.29,5.0,5.2,112900,0.0,0.0
2025-11-10,5.5,5.9,5.39,5.5,306000,0.0,0.0
2025-11-11,5.57,5.62,5.41,5.55,195200,0.0,0.0
2025-11-12,6.04,6.38,5.89,6.09,896000,0.0,0.0
2025-11-13,6.04,6.4,6.04,6.28,427200,0.0,0.0
2025-11-14,6.09,6.26,5.92,6.19,208900,0.0,0.0
2025-11-17,6.19,6.29,5.91,5.91,254100,0.0,0.0
2025-11-18,5.93,6.13,5.89,6.09,133000,0.0,0.0
2025-11-19,6.17,6.58,6.1,6.48,282600,0.0,0.0
2025-11-20,6.58,6.64,6.28,6.42,226100,0.0,0.0
2025-11-21,6.38,6.41,6.1,6.23,138400,0.0,0.0
2025-11-24,6.18,6.31,6.09,6.19,147100,0.0,0.0
2025-11-25,6.27,6.57,6.22,6.43,299000,0.0,0.0
2025-11-26,6.43,6.76,6.42,6.68,278800,0.0,0.0
2025-11-28,6.68,7.06,6.68,6.93,210500,0.0,0.0
2025-12-01,7.09,7.22,6.93,7.03,305200,0.0,0.0
2025-12-02,7.08,7.08,6.79,6.86,236300,0.0,0.0
2025-12-03,6.93,7.27,6.87,7.18,254000,0.0,0.0
2025-12-04,7.13,7.23,7.06,7.1,450800,0.0,0.0
2025-12-05,7.08,7.35,7.04,7.23,385900,0.0,0.0
2025-12-08,7.27,7.42,7.12,7.34,332900,0.0,0.0
2025-12-09,7.34,7.8,7.21,7.71,708900,0.0,0.0
2025-12-10,7.72,7.95,7.56,7.67,551900,0.0,0.0
2025-12-11,7.72,8.35,7.62,8.11,749400,0.0,0.0
2025-12-12,8.11,8.23,7.79,7.89,696300,0.0,0.0
2025-12-15,7.94,8.0,7.71,7.71,673600,0.0,0.0
2025-12-16,7.69,7.8,7.49,7.56,458300,0.0,0.0
2025-12-17,7.62,7.92,7.55,7.57,837400,0.0,0.0
2025-12-18,7.67,7.87,7.52,7.87,805200,0.0,0.0
2025-12-19,7.91,8.16,7.76,8.11,586900,0.0,0.0
2025-12-22,8.46,8.96,8.42,8.71,1298000,0.0,0.0
2025-12-23,8.77,9.07,8.71,8.81,815200,0.0,0.0
2025-12-24,8.91,8.96,8.69,8.76,281600,0.0,0.0
2025-12-26,9.07,9.45,8.91,9.3,1179100,0.0,0.0
2025-12-29,9.06,9.09,8.66,8.84,988700,0.0,0.0
2025-12-30,8.99,9.16,8.73,8.99,838000,0.0,0.0
2025-12-31,8.92,8.99,8.69,8.76,534400,0.0,0.0
2026-01-02,8.91,9.1,8.63,8.7,640400,0.0,0.0
2026-01-05,8.95,9.2,8.91,9.02,985500,0.0,0.0
2026-01-06,9.07,9.72,9.07,9.6,1223700,0.0,0.0
2026-01-07,9.46,9.61,9.29,9.6,613500,0.0,0.0
2026-01-08,9.5,9.6,9.38,9.49,622700,0.0,0.0
2026-01-09,9.52,10.05,9.52,10.01,1024500,0.0,0.0
2026-01-12,10.09,10.82,10.06,10.63,942100,0.0,0.0
2026-01-13,10.88,10.89,10.55,10.65,513500,0.0,0.0
2026-01-14,10.87,11.81,10.79,11.7,1298400,0.0,0.0
2026-01-15,11.51,11.88,11.16,11.82,1077000,0.0,0.0
2026-01-16,11.8,11.98,11.38,11.68,808800,0.0,0.0
2026-01-20,11.89,12.54,11.77,12.48,892200,0.0,0.0
2026-01-21,12.64,12.98,12.62,12.87,807600,0.0,0.0
2026-01-22,12.88,13.0,12.11,12.18,926000,0.0,0.0
2026-01-23,12.41,13.73,12.31,13.13,1021300,0.0,0.0
2026-01-26,13.84,14.45,13.36,14.31,1664300,0.0,0.0
2026-01-27,14.12,14.35,13.54,13.91,863200,0.0,0.0
2026-01-28,14.33,14.4,13.57,13.98,880300,0.0,0.0
2026-01-29,14.32,14.79,13.09,13.72,1058900,0.0,0.0
2026-01-30,12.86,13.56,12.28,12.48,1187200,0.0,0.0
2026-02-02,12.35,12.94,12.19,12.53,540700,0.0,0.0
2026-02-03,12.87,13.52,12.79,13.09,699400,0.0,0.0
2026-02-04,13.36,13.48,12.29,12.65,537400,0.0,0.0
2026-02-05,12.15,12.43,11.64,11.68,514000,0.0,0.0
2026-02-06,12.06,12.5,12.03,12.26,469800,0.0,0.0
2026-02-09,12.63,12.71,12.37,12.47,590100,0.0,0.0
2026-02-10,12.38,12.53,12.19,12.22,281200,0.0,0.0
2026-02-11,12.67,12.92,12.0,12.25,348200,0.0,0.0
2026-02-12,12.16,12.16,11.12,11.13,569200,0.0,0.0
2026-02-13,11.13,12.05,10.89,11.81,745900,0.0,0.0
2026-02-17,11.57,11.81,10.74,11.04,779100,0.0,0.0
2026-02-18,11.42,11.42,11.06,11.22,585300,0.0,0.0
2026-02-19,11.0,11.44,10.79,11.37,793100,0.0,0.0
2026-02-20,11.39,11.48,10.84,11.24,848100,0.0,0.0
2026-02-23,11.24,11.59,10.89,11.59,1083300,0.0,0.0
2026-02-24,11.69,11.98,11.44,11.84,708900,0.0,0.0
2026-02-25,12.03,12.26,11.84,12.04,561300,0.0,0.0
2026-02-26,11.91,11.96,11.44,11.9,891800,0.0,0.0
2026-02-27,12.73,14.05,12.64,13.51,1306700,0.0,0.0
2026-03-02,13.61,14.59,13.21,14.51,1906800,0.0,0.0
2026-03-03,13.45,13.48,12.28,12.52,1027500,0.0,0.0
2026-03-04,13.04,13.26,12.33,12.36,795400,0.0,0.0
2026-03-05,12.07,12.07,11.01,11.3,811600,0.0,0.0
2026-03-06,10.93,11.16,10.59,10.76,535700,0.0,0.0
2026-03-09,10.41,11.1,10.2,11.09,947200,0.0,0.0
2026-03-10,11.12,11.86,11.1,11.61,691600,0.0,0.0
2026-03-11,11.49,11.89,11.18,11.55,602800,0.0,0.0
2026-03-12,11.51,11.57,11.07,11.35,405200,0.0,0.0
2026-03-13,11.38,11.43,10.71,10.84,485500,0.0,0.0
2026-03-16,10.91,11.22,10.78,10.97,399700,0.0,0.0
2026-03-17,11.01,11.11,10.71,11.05,440400,0.0,0.0
2026-03-18,10.8,10.8,9.91,9.97,609700,0.0,0.0
2026-03-19,9.34,9.57,8.77,9.46,821400,0.0,0.0
2026-03-20,9.42,9.74,8.88,9.1,898300,0.0,0.0
2026-03-23,9.12,9.74,9.12,9.5,598600,0.0,0.0
2026-03-24,9.34,9.57,9.12,9.52,435300,0.0,0.0
2026-03-25,10.06,10.11,9.74,9.96,464200,0.0,0.0
2026-03-26,9.55,9.88,9.42,9.57,371300,0.0,0.0
2026-03-27,9.63,10.07,9.6,9.94,546500,0.0,0.0
2026-03-30,10.23,10.27,9.66,9.78,368000,0.0,0.0
2026-03-31,9.99,10.48,9.99,10.48,348200,0.0,0.0
2026-04-01,10.81,11.07,10.61,10.88,434100,0.0,0.0
2026-04-02,10.36,10.99,10.24,10.96,257300,0.0,0.0
2026-04-06,10.96,11.04,10.76,10.82,310100,0.0,0.0
2026-04-07,10.84,10.9,10.48,10.84,434300,0.0,0.0
2026-04-08,11.38,11.65,11.03,11.15,361000,0.0,0.0
2026-04-09,11.67,11.84,11.31,11.52,613900,0.0,0.0
2026-04-10,11.61,11.99,11.61,11.73,600500,0.0,0.0
2026-04-13,11.5,12.13,11.45,11.97,879100,0.0,0.0
2026-04-14,12.18,12.21,11.74,11.82,411500,0.0,0.0
2026-04-15,11.7,14.55,11.53,14.5,8960800,0.0,0.0
2026-04-16,16.29,16.38,14.4,14.72,4528100,0.0,0.0
2026-04-17,15.47,15.99,14.9,15.84,3108700,0.0,0.0
2026-04-20,15.73,16.58,15.14,15.84,2570100,0.0,0.0
2026-04-21,15.84,15.93,14.79,14.98,1651100,0.0,0.0
2026-04-22,15.55,15.78,14.61,14.72,1396800,0.0,0.0
2026-04-23,14.58,14.99,14.03,14.64,2069700,0.0,0.0
2026-04-24,14.7,14.85,13.97,14.28,1357300,0.0,0.0
2026-04-27,14.71,14.78,13.67,14.37,1329100,0.0,0.0
2026-04-28,14.43,14.43,13.72,13.91,986400,0.0,0.0
2026-04-29,13.99,14.28,13.81,14.01,792600,0.0,0.0
2026-04-30,14.48,14.98,14.25,14.96,1004300,0.0,0.0
2026-05-01,14.94,15.4,14.7,15.34,1254600,0.0,0.0
2026-05-04,15.37,15.97,14.98,15.35,1353200,0.0,0.0
2026-05-05,15.56,16.18,15.56,15.83,899100,0.0,0.0
2026-05-06,16.32,16.72,15.94,16.55,1279900,0.0,0.0
2026-05-07,15.95,16.18,13.61,13.79,2768700,0.0,0.0
2026-05-08,14.15,14.47,13.67,14.18,1207500,0.0,0.0
2026-05-11,14.34,14.89,13.03,13.17,3113000,0.0,0.0
2026-05-12,12.47,13.84,12.32,13.68,1746800,0.0,0.0
2026-05-13,13.56,14.81,13.51,14.62,1365400,0.0,0.0
2026-05-14,14.7,15.63,14.21,15.55,1343700,0.0,0.0
2026-05-15,14.89,15.03,14.31,14.7,1245600,0.0,0.0
2026-05-18,15.01,15.42,14.28,14.43,1111800,0.0,0.0
2026-05-19,14.15,14.37,13.45,14.17,837700,0.0,0.0
2026-05-20,14.43,14.45,13.79,13.84,611400,0.0,0.0
2026-05-21,13.49,14.17,13.4,14.04,473200,0.0,0.0
2026-05-22,14.06,14.48,13.71,14.32,696000,0.0,0.0
2026-05-26,14.47,14.98,14.06,14.25,829800,0.0,0.0
2026-05-27,13.88,14.65,13.68,14.36,840000,0.0,0.0
2026-05-28,14.15,15.16,13.96,14.76,888100,0.0,0.0
2026-05-29,14.75,15.37,14.61,14.98,624300,0.0,0.0
2026-06-01,15.11,16.02,14.71,16.02,1458400,0.0,0.0
2026-06-02,16.02,16.08,15.2,15.5,1256800,0.0,0.0
2026-06-03,15.67,16.03,15.25,15.65,1260100,0.0,0.0
2026-06-04,15.34,15.4,14.78,14.9,749000,0.0,0.0
2026-06-05,14.36,14.36,12.71,12.92,1541000,0.0,0.0
2026-06-08,13.24,13.36,12.18,12.36,1497900,0.0,0.0
2026-06-09,12.91,13.18,11.9,12.62,976000,0.0,0.0
2026-06-10,12.05,12.41,11.91,11.99,759900,0.0,0.0
2026-06-11,12.23,12.78,11.99,12.78,611800,0.0,0.0
2026-06-12,12.95,13.59,12.95,13.59,581500,0.0,0.0
2026-06-15,14.36,14.76,14.06,14.26,843000,0.0,0.0
2026-06-16,14.35,14.86,14.26,14.69,648100,0.0,0.0
2026-06-17,14.58,14.98,14.1,14.19,638400,0.0,0.0
2026-06-18,14.52,14.55,13.55,14.09,1167300,0.0,0.0
2026-06-22,13.86,14.11,13.58,13.81,672300,0.0,0.0
2026-06-23,13.36,13.66,12.96,13.44,556700,0.0,0.0
2026-06-24,12.8,12.97,11.98,12.21,1066800,0.0,0.0
2026-06-25,12.49,12.79,11.9,12.33,693200,0.0,0.0
2026-06-26,12.42,12.81,12.03,12.72,441200,0.0,0.0
2026-06-29,12.48,12.73,11.99,12.08,943400,0.0,0.0
2026-06-30,12.35,12.42,12.01,12.11,697000,0.0,0.0
2026-07-01,11.95,12.17,11.46,11.92,933600,0.0,0.0
2026-07-02,13.35,14.24,12.53,12.91,1628500,0.0,0.0
2026-07-06,13.08,13.17,12.67,13.07,747900,0.0,0.0
2026-07-07,12.86,13.21,12.51,12.76,581600,0.0,0.0
2026-07-08,12.39,12.74,12.19,12.74,533400,0.0,0.0
2026-07-09,13.14,13.53,13.03,13.32,522600,0.0,0.0
2026-07-10,13.37,14.85,13.36,14.66,989600,0.0,0.0
2026-07-13,14.19,14.29,13.44,13.64,718200,0.0,0.0
2026-07-14,14.32,14.45,13.91,14.37,434300,0.0,0.0
2026-07-15,14.33,14.35,13.57,13.91,392400,0.0,0.0
2026-07-16,13.49,13.53,12.28,12.44,767500,0.0,0.0
2026-07-17,12.14,12.34,11.72,12.07,701200,0.0,0.0
2026-07-20,12.01,12.17,11.79,11.9,438100,0.0,0.0
2026-07-21,12.45,12.7,12.08,12.69,465500,0.0,0.0
2026-07-22,12.87,13.55,12.87,13.49,561700,0.0,0.0
2026-07-23,13.13,13.49,12.91,13.08,356900,0.0,0.0
2026-07-24,13.15,13.42,12.69,12.74,340200,0.0,0.0
2026-07-27,12.8,12.91,12.33,12.76,507600,0.0,0.0
2026-07-28,12.56,12.8,12.11,12.36,521200,0.132,0.0
2026-07-29,12.34,12.46,11.69,12.16,498500,0.0,0.0
2026-07-30,12.51,13.18,12.5,13.16,604200,0.0,0.0
2026-07-31,12.85,13.19,12.55,12.85,373200,0.0,0.0
2026-08-03,12.49,12.95,12.31,12.85,609000,0.0,0.0
2026-08-04,13.09,13.79,13.09,13.5,1152200,0.0,0.0
2026-08-05,13.98,14.46,13.88,14.05,1225700,0.0,0.0
2026-08-06,13.48,14.54,13.48,14.3,746900,0.0,0.0
2026-08-07,14.63,15.0,14.05,14.1,710100,0.0,0.0
2026-08-10,14.08,15.01,14.07,14.86,699000,0.0,0.0
2026-08-11,14.79,15.3,14.29,14.45,568500,0.0,0.0
2026-08-12,14.87,14.98,14.48,14.57,442300,0.0,0.0
2026-08-13,14.24,14.61,14.18,14.33,447400,0.0,0.0
2026-08-14,14.33,14.63,14.11,14.18,352500,0.0,0.0
2026-08-17,14.38,14.51,14.0,14.38,434400,0.0,0.0
2026-08-18,14.06,14.11,13.42,13.49,362500,0.0,0.0
2026-08-19,14.18,14.86,14.06,14.17,675500,0.0,0.0
2026-08-20,13.95,14.27,13.73,14.07,477200,0.0,0.0
2026-08-21,14.55,15.53,14.36,15.4,1206500,0.0,0.0
2026-08-24,15.48,15.75,14.86,15.22,1127700,0.0,0.0
2026-08-25,14.99,15.85,14.85,15.82,842800,0.0,0.0
2026-08-26,15.64,15.95,15.36,15.58,528700,0.0,0.0
2026-08-27,14.9,15.33,13.74,13.9,2033100,0.0,0.0
2026-08-28,13.98,14.2,13.28,13.35,1324800,0.0,0.0
2026-08-31,13.2,13.74,13.2,13.61,850000,0.0,0.0
2026-09-01,13.24,13.6,13.1,13.12,872000,0.0,0.0
2026-09-02,13.28,13.57,13.11,13.34,657600,0.0,0.0
2026-09-03,13.5,14.08,13.39,13.85,905400,0.0,0.0
2026-09-04,13.53,13.92,13.44,13.8,573500,0.0,0.0
2026-09-08,14.45,14.6,14.06,14.12,1100000,0.0,0.0
2026-09-09,14.12,14.78,14.1,14.25,920200,0.0,0.0
2026-09-10,13.54,13.76,13.14,13.14,556700,0.0,0.0
2026-09-11,13.38,13.62,13.19,13.31,518400,0.0,0.0
2026-09-14,12.8,13.07,12.44,12.51,601000,0.0,0.0
2026-09-15,12.56,12.79,12.51,12.62,763900,0.0,0.0
2026-09-16,12.88,12.98,11.94,12.08,1307400,0.0,0.0
2026-09-17,12.87,13.1,12.78,12.92,1673000,0.0,0.0
2026-09-18,12.92,13.05,12.51,13.01,965600,0.0,0.0
2026-09-21,13.04,13.15,12.72,12.86,823800,0.0,0.0
2026-09-22,12.89,13.35,12.83,13.29,392500,0.0,0.0
2026-09-23,12.9,12.91,12.55,12.78,592100,0.0,0.0
2026-09-24,12.62,12.77,12.44,12.64,479200,0.0,0.0
2026-09-25,12.67,12.76,12.4,12.44,451700,0.0,0.0
2026-09-28,12.03,12.4,11.8,12.23,477000,0.0,0.0
2026-09-29,12.27,12.41,12.09,12.38,477200,0.0,0.0
2026-09-30,12.52,12.62,12.14,12.19,405300,0.0,0.0
2026-10-01,12.0,12.13,11.69,11.8,609200,0.0,0.0
2026-10-02,12.05,12.37,12.0,12.24,605000,0.0,0.0
2026-10-05,12.27,12.62,12.16,12.47,343900,0.0,0.0
2026-10-06,12.57,12.65,12.35,12.45,370500,0.0,0.0
2026-10-07,12.6,12.75,12.32,12.6,683900,0.0,0.0
2026-10-08,12.46,12.63,12.34,12.51,349600,0.0,0.0
2026-10-09,12.83,13.31,12.7,13.2,491300,0.0,0.0
2026-10-12,13.2,13.2,12.85,12.88,639200,0.0,0.0
2026-10-13,13.32,13.47,12.92,13.11,945800,0.0,0.0
2026-10-14,12.8,12.94,12.48,12.65,667500,0.0,0.0
2026-10-15,12.45,12.68,12.15,12.48,553900,0.0,0.0
================================== Ai Message ==================================
I have a full year of price data. The stock shows a massive rally from ~$5.50 to a peak near $16, followed by consolidation. Now let me retrieve my selected indicators (8 complementary ones) and the verified snapshot in parallel.
Tool Calls:
get_indicators (call_898b50a7a07142dbbbdb5fee)
Call ID: call_898b50a7a07142dbbbdb5fee
Args:
curr_date: 2026-10-16
indicator: close_50_sma
look_back_days: 60
symbol: NEXA
get_indicators (call_eac0e806616d4986a6f3ec89)
Call ID: call_eac0e806616d4986a6f3ec89
Args:
curr_date: 2026-10-16
indicator: close_200_sma
look_back_days: 60
symbol: NEXA
get_indicators (call_c2633dd5653442909773298e)
Call ID: call_c2633dd5653442909773298e
Args:
curr_date: 2026-10-16
indicator: close_10_ema
look_back_days: 30
symbol: NEXA
get_indicators (call_03c017a9a8764975aa254f84)
Call ID: call_03c017a9a8764975aa254f84
Args:
curr_date: 2026-10-16
indicator: macd
look_back_days: 30
symbol: NEXA
get_indicators (call_b5225a69e68c4afbbccdddaa)
Call ID: call_b5225a69e68c4afbbccdddaa
Args:
curr_date: 2026-10-16
indicator: macdh
look_back_days: 30
symbol: NEXA
get_indicators (call_4d8cdbd324b0429fa4e76b95)
Call ID: call_4d8cdbd324b0429fa4e76b95
Args:
curr_date: 2026-10-16
indicator: rsi
look_back_days: 30
symbol: NEXA
get_indicators (call_c83604792d704b4398da64eb)
Call ID: call_c83604792d704b4398da64eb
Args:
curr_date: 2026-10-16
indicator: boll_ub
look_back_days: 30
symbol: NEXA
get_indicators (call_a60b0baedb4a4698a62be60e)
Call ID: call_a60b0baedb4a4698a62be60e
Args:
curr_date: 2026-10-16
indicator: atr
look_back_days: 30
symbol: NEXA
get_verified_market_snapshot (call_d3d5b9f593f543c696f3a730)
Call ID: call_d3d5b9f593f543c696f3a730
Args:
curr_date: 2026-10-16
look_back_days: 30
symbol: NEXA
================================= Tool Message =================================
Name: get_verified_market_snapshot
| Field | Value |
|---|---|
| Open | 12.45 |
| High | 12.68 |
| Low | 12.15 |
| Close | 12.48 |
| Volume | 553900 |
| Indicator | Value |
|---|---|
| close_10_ema | 12.68 |
| close_50_sma | 13.42 |
| close_200_sma | 12.83 |
| rsi | 45.88 |
| boll | 12.61 |
| boll_ub | 13.36 |
| boll_lb | 11.86 |
| macd | -0.14 |
| macds | -0.22 |
| macdh | 0.08 |
| atr | 0.57 |
| Date | Close |
|---|---|
| 2026-09-03 | 13.85 |
| 2026-09-04 | 13.80 |
| 2026-09-08 | 14.12 |
| 2026-09-09 | 14.25 |
| 2026-09-10 | 13.14 |
| 2026-09-11 | 13.31 |
| 2026-09-14 | 12.51 |
| 2026-09-15 | 12.62 |
| 2026-09-16 | 12.08 |
| 2026-09-17 | 12.92 |
| 2026-09-18 | 13.01 |
| 2026-09-21 | 12.86 |
| 2026-09-22 | 13.29 |
| 2026-09-23 | 12.78 |
| 2026-09-24 | 12.64 |
| 2026-09-25 | 12.44 |
| 2026-09-28 | 12.23 |
| 2026-09-29 | 12.38 |
| 2026-09-30 | 12.19 |
| 2026-10-01 | 11.80 |
| 2026-10-02 | 12.24 |
| 2026-10-05 | 12.47 |
| 2026-10-06 | 12.45 |
| 2026-10-07 | 12.60 |
| 2026-10-08 | 12.51 |
| 2026-10-09 | 13.20 |
| 2026-10-12 | 12.88 |
| 2026-10-13 | 13.11 |
| 2026-10-14 | 12.65 |
| 2026-10-15 | 12.48 |
Use this snapshot as the source of truth for exact OHLCV, price-level, and indicator-value claims. If another tool output conflicts with it, flag the discrepancy rather than inventing a reconciled number. Do not claim historical validation, support/resistance bounces, or exact percentage moves unless directly supported by tool output with concrete dates and prices.
================================== Ai Message ==================================
All data retrieved and verified. Here is my complete analysis.
Analysis Date: 2026-10-16 | Latest Verified Trading Row: 2026-10-15 | Sector: Basic Materials / Other Industrial Metals & Mining (NYSE)
NEXA has completed a dramatic round trip of sentiment over the past 12 months. The stock bottomed near $5.20–5.54 in October–November 2025, launched an extraordinary rally to an intraday peak of $16.72 (2026-05-06), and has since spent roughly four months in a broad corrective/consolidation phase. As of the latest verified close ($12.48 on 2026-10-15), the stock sits in a tightening, range-bound equilibrium roughly 24% below its closing high ($16.02, 2026-06-01) but still ~134% above its October 2025 base.
The current technical picture is mixed-to-neutral with early signs of momentum repair: price is pinned below its falling 50 SMA but hovering just under a rising 200 SMA, the MACD has just printed a bullish crossover while still in negative territory, RSI is dead-neutral at ~46, and ATR compression signals the market is coiling for its next directional move. This is a classic "decision window" setup — HOLD is the appropriate stance until the range resolves.
Phase 1 — Base Building (Oct–Nov 2025): Price chopped between $5.00–$5.90 on light volume (40k–200k shares/day). The 2025-11-07 low of $5.00 marked the annual floor.
Phase 2 — Momentum Ignition (Nov 12, 2025): The breakout day — close $6.09 on 896,000 shares (~9x the prior week's average volume) — initiated a relentless two-month advance through $7–$8 territory with consistently elevated volume (500k–1.3M shares/day).
Phase 3 — Parabolic Extension (Jan 2026): The rally accelerated violently: $10.01 (Jan 9) → $11.82 (Jan 15) → $13.13 (Jan 23) → intraday high $14.79 (Jan 29). The Jan 26 session printed a $14.31 close on 1.66M shares.
Phase 4 — First Distribution & Shakeout (Feb–Mar 2026): A violent fade to $9.10 close (Mar 20) — a ~38% drawdown from the January peak — on heavy but declining volume. Notably, the stock held well above its November breakout zone, suggesting structural demand remained.
Phase 5 — The April Shock (Apr 15, 2026): The single most important event in the dataset: close jumped from $11.82 to $14.50 on 8,960,800 shares — roughly 18x normal volume with a $14.55 intraday high. This gap-and-go was never fully filled on the downside; the $11.53–11.74 zone from that session has acted as a structural floor reference since.
Phase 6 — Elevated Chop & Descent (May–Oct 2026): Repeated failed thrusts: $16.02 (Jun 1), $14.66 (Jul 10), $15.40 (Aug 21) — each rejection on declining momentum. Since the Sep 8–9 local high ($14.12/$14.25 closes), price has stepped down into the current $11.80–$13.30 trading range.
| Indicator | Verified Value (10-15) | State |
|---|---|---|
| 10 EMA | 12.68 | Price (12.48) below — short-term momentum soft |
| 50 SMA | 13.42 | Price below — medium-term trend has rolled over |
| 200 SMA | 12.83 | Price below, but the 200 SMA itself is rising |
The 50 SMA is in a mild downtrend (13.61 on 2026-09-18 → 13.42 on 2026-10-15), confirming the medium-term trend has flipped from the summer's uptrend. However, the 200 SMA is climbing steadily — from 11.49 (Aug 17) to 12.83 (Oct 15), a gain of ~11.6% in two months — and is now converging directly on price. The stock closed just 2.8% below its 200 SMA on the last verified session.
Key insight: The 12.80–12.85 zone (rising 200 SMA + underside of the recent range) is the single most consequential level on the chart. A daily close above it, confirmed by the 50 SMA flattening, would signal the correction is maturing into consolidation rather than a new leg down. Conversely, a decisive loss of the rising 200 SMA would be a structurally bearish event after seven months of the stock holding above it.
This is a bullish crossover occurring deep below the zero line — a classic "recovery attempt" signal, not a trend confirmation. The sequence is textbook: histogram trough (−0.23 on 9-16) → rising through zero (10-06) → MACD line curling toward its signal. The improvement from −0.43 to −0.14 in two weeks shows sellers are losing force. However, until MACD crosses zero, this remains a counter-trend bounce within a downtrend. Watch for a MACD zero-line cross as the confirmation trigger that would align momentum with any breakout above 13.20–13.42.
RSI = 45.88 (10-15). Over the past 30 sessions RSI has oscillated almost entirely between 37.6 and 54.1 — never reaching oversold (<30) even at the October 1 low ($11.80), never approaching overbought. This tight RSI band is itself diagnostic: it confirms the range-bound regime and shows the market is balanced. The RSI held ~37–40 at the Oct 1 price low — a modest higher-RSI-low vs. the September 16 low (RSI 37.66 at price 12.08) — hinting at faint relative-strength improvement, but not enough to constitute confirmed bullish divergence.
Verified values (10-15): Upper 13.36 / Middle 12.61 / Lower 11.86. Band width ≈ $1.50 (~12% of price) and contracting steadily — the upper band collapsed from 15.91 (9-16) to 13.36 (10-15) as the September volatility spike washed out. Price sits just below the middle band (12.48 vs 12.61), i.e., dead-center neutral.
Actionable read: With ATR also compressing (below), the band squeeze suggests an imminent expansion. The middle band at 12.61 is the immediate pivot — reclaiming it targets the upper band (13.36), which conveniently coincides with the range top and the 50 SMA (13.42). Losing 11.86 targets the range floor.
ATR fell from $0.80 (9-17) to $0.57 (10-15) — a 29% volatility compression over a month. As a percentage of price, ATR is ~4.6%. This validates the squeeze thesis from the Bollinger analysis and has direct risk-management consequences:
| Level | Price | Basis |
|---|---|---|
| Range top / breakout trigger | 13.20–13.42 | Oct 9 close high 13.20; 50 SMA 13.42; Bollinger upper 13.36 |
| Critical pivot | 12.80–12.85 | Rising 200 SMA (12.83); mid-range |
| Immediate pivot | 12.61 | Bollinger middle band |
| Range floor / breakdown trigger | 11.80–11.86 | Oct 1 verified close low 11.80; Bollinger lower 11.86 |
| Structural event floor | ~11.53 | Apr 15 gap-session low (8.96M share volume) |
Bull case (breakout): Close above 13.42 on expanding volume → confirms MACD zero-cross + 50 SMA recapture → opens the path back toward 14.25–14.66 (Sep 8 high / Jul 10 high). Stop below 12.61 (middle band) or 12.40.
Bear case (breakdown): Close below 11.80 with the 200 SMA lost → confirms lower-high sequence (14.25 → 13.29 → 13.20 since June) is resuming → measured move toward 10.75–11.00 (March consolidation shelf). Stop/abort above 12.85.
Base case (current): Continued chop between 11.80–13.30 while the rising 200 SMA catches up to price — a "pendulum" resolution that often precedes the next major trend leg.
The verified snapshot (source of truth) is fully consistent with the individual indicator pulls: 10 EMA 12.68 (≈12.6758 from the indicator series), 50 SMA 13.42, 200 SMA 12.83, RSI 45.88, MACD −0.14/−0.22 (histogram +0.08), ATR 0.57, Bollinger 12.61/13.36/11.86. No discrepancies to flag. Note that 2026-10-16 shows as N/A in indicator series (non-trading row in the feed); all claims above are anchored to the verified 2026-10-15 row.
NEXA is in a high-information waiting zone: a six-week range ($11.80–$13.30), a volatility squeeze (ATR −29% in a month, Bollinger bands contracting), a nascent below-zero MACD bullish crossover, neutral RSI, and a rising 200 SMA converging on price from below while the 50 SMA presses down from above. Neither bulls nor bears currently control the tape. Entering now is a coin-flip against well-defined triggers; the disciplined play is to let the range resolve.
FINAL TRANSACTION PROPOSAL: HOLD****
| # | Dimension | Finding (Verified Data) | Trading Implication |
|---|---|---|---|
| 1 | Latest close | $12.48 (2026-10-15), Vol 553,900 | Mid-range, no edge at current price |
| 2 | Long-term trend | 200 SMA 12.83, rising (+11.6% since Aug 17) | Strategic uptrend intact but being tested |
| 3 | Medium-term trend | 50 SMA 13.42, declining (13.61→13.42 since Sep 18) | Corrective phase; price below all MAs |
| 4 | Momentum | MACD −0.14 vs signal −0.22; histogram +0.08 (bullish cross 10-06) | Early repair signal; needs zero-line cross to confirm |
| 5 | RSI | 45.88; 30-day range 37.6–54.1 | Neutral regime; no overbought/oversold edge |
| 6 | Volatility | ATR $0.57 (−29% from $0.80 on 9-17); Bollinger width contracting | Squeeze setup; expect expansion; size positions for ~$0.85–1.14 stops |
| 7 | Range boundaries | Floor 11.80–11.86; Ceiling 13.20–13.42 | Trade the breaks, not the middle |
| 8 | Critical pivot | 200 SMA at 12.80–12.85 converging on price | Close above = bullish resolution; loss = bearish |
| 9 | Volume structure | Apr 15 event: 8.96M shares ($11.82→$14.50); recent volume muted | Institutional anchor near $11.5; no current accumulation surge |
| 10 | 12-mo context | $5.54 (Oct-25) → $16.72 intraday high (May-26) → $12.48 | Massive uptrend in digestion; 24% off closing high, +134% off base |
| 11 | Primary risk | Lower-high sequence since June (14.25→13.29→13.20) | Failure at 11.80 targets 10.75–11.00 |
| 12 | Proposal | HOLD | Await close >13.42 (bull) or <11.80 (bear) with volume confirmation |
| ================================ Human Message ================================= |
Proceed with your assigned analysis for this workflow. The instrument to analyze is NEXA. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Nexa Resources S.A.; Business classification: Basic Materials / Other Industrial Metals & Mining; Exchange: NYQ. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-16.
================================== Ai Message ==================================
Overall Sentiment: Neutral (Score: 5.0/10)
Confidence: Low
Instrument: NEXA (Nexa Resources S.A., NYQ) — Basic Materials / Other Industrial Metals & Mining
No news items were found for NEXA in the 7-day window. This is a data vacuum, not evidence of a positive or negative institutional framing. Note that small/mid-cap ADRs in the industrial metals space frequently go days or weeks without indexed headline flow on Yahoo Finance, so silence here is plausible rather than anomalous — but it still means we have zero institutional narrative signal for this period. Any earnings announcements, zinc price commentary, or operational updates from Nexa's Peruvian/Brazilian operations would have been the expected catalysts to appear here; none were captured.
No StockTwits messages were returned for the period (the public stream serves only recent messages). With zero labeled messages, there is no retail bull/bear ratio to compute. Critically, the standard caveat applies with full force: even if a ratio had been computed, a small sample would make it unreliable — here the sample is zero, so the retail-sentiment signal is entirely absent.
No posts mentioning NEXA were found across any of the three monitored subreddits in the past 7 days. This is consistent with NEXA's profile: a small-cap foreign-listed zinc miner is rarely a retail community topic unless there is a sharp price move or a specific catalyst. The absence is uninformative for direction but does confirm there is no emergent retail thesis or meme-style attention building around the name this week.
None can be assessed. All three sources are silent, so there is no divergence to exploit and no alignment to confirm. A divergence-based signal (e.g., retail bullish vs. news bearish) is structurally impossible with this data.
None identifiable from the provided data. Contextually, NEXA's sentiment would normally be driven by zinc/polymetal pricing, Peruvian mining policy and permitting news, and quarterly production/cost updates — but none of these themes appear in the collected data for this window, and I will not speculate beyond the evidence provided.
None surfaced. The dataset contains no headlines, posts, or messages from which catalysts (earnings dates, production updates, macro zinc-price moves) or risks can be extracted. Traders should source these from fundamentals/technicals workflows and from direct filings (e.g., Nexa's investor-relations releases), not from this sentiment report.
| Signal | Direction | Source | Supporting evidence |
|---|---|---|---|
| Institutional news framing | N/A | Yahoo Finance news | 0 headlines captured for 2026-10-09 → 2026-10-16 |
| Retail trader sentiment | N/A | StockTwits $NEXA | 0 messages in window; no Bull/Bear ratio computable |
| Community discussion | N/A | Reddit (WSB, r/stocks, r/investing) | 0 posts mentioning NEXA in past 7 days |
Confidence is low by construction: all three sentiment sources returned zero data points for the analysis window. The Neutral band here reflects genuine silence, not balanced opposing evidence. This report should be treated as "no sentiment signal available" rather than "sentiment is neutral-positive." Per best practice, past sentiment (had it existed) would not be predictive in any case; this output should be weighed alongside fundamentals and technicals from other analysts in the workflow, not as a standalone price call.
================================ Human Message =================================
Proceed with your assigned analysis for this workflow. The instrument to analyze is NEXA. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Nexa Resources S.A.; Business classification: Basic Materials / Other Industrial Metals & Mining; Exchange: NYQ. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-16.
================================== Ai Message ==================================
I'll begin my analysis of NEXA (Nexa Resources S.A.) by gathering company-specific news, global macro news, key macro indicators, and prediction market data.
Tool Calls:
get_news (call_695c1a513b98449cb0df27d2)
Call ID: call_695c1a513b98449cb0df27d2
Args:
end_date: 2026-10-16
start_date: 2026-10-09
ticker: NEXA
get_global_news (call_44c0fc628bae4e53a195a3b6)
Call ID: call_44c0fc628bae4e53a195a3b6
Args:
curr_date: 2026-10-16
limit: 10
look_back_days: 7
get_macro_indicators (call_d4092eb329e44321baa9df65)
Call ID: call_d4092eb329e44321baa9df65
Args:
curr_date: 2026-10-16
indicator: cpi
look_back_days: 90
get_macro_indicators (call_494490ea1a5045c1befe1b11)
Call ID: call_494490ea1a5045c1befe1b11
Args:
curr_date: 2026-10-16
indicator: fed_funds_rate
look_back_days: 90
================================= Tool Message =================================
Name: get_macro_indicators
DATA_UNAVAILABLE: optional macro_data could not be retrieved (FRED_API_KEY environment variable is not set. Get a free key at https://fred.stlouisfed.org/docs/api/api_key.html.). Proceed without it; do not fabricate values.
================================== Ai Message ==================================
No company-specific news in the past week for NEXA, and FRED macro data is unavailable. Let me widen the news window, check prediction markets, and try other macro series.
Tool Calls:
get_news (call_6b9baa6760b24057bca5a8b1)
Call ID: call_6b9baa6760b24057bca5a8b1
Args:
end_date: 2026-10-16
start_date: 2026-09-16
ticker: NEXA
get_prediction_markets (call_38836024ba4c4547a06fd4ba)
Call ID: call_38836024ba4c4547a06fd4ba
Args:
limit: 6
topic: Fed rate cut
get_prediction_markets (call_cff2b1d50ee74fc6a1e3fda3)
Call ID: call_cff2b1d50ee74fc6a1e3fda3
Args:
limit: 4
topic: recession 2026
get_prediction_markets (call_8c8f7ab06de04dba8268029d)
Call ID: call_8c8f7ab06de04dba8268029d
Args:
limit: 4
topic: zinc copper commodity prices
================================= Tool Message =================================
Name: get_prediction_markets
Live, market-implied probabilities (higher traded volume = deeper, more reliable). A probability is the crowd's priced odds of the event, not a forecast you should take as certain.
================================== Ai Message ==================================
No NEXA-specific news even over a month. Let me extend the search window further and probe additional forward-looking topics relevant to a zinc/copper miner.
Tool Calls:
get_news (call_b08f6654e4544198a1415db4)
Call ID: call_b08f6654e4544198a1415db4
Args:
end_date: 2026-10-16
start_date: 2026-07-01
ticker: NEXA
get_prediction_markets (call_b5dab5797d9a4d3189250e4a)
Call ID: call_b5dab5797d9a4d3189250e4a
Args:
limit: 5
topic: China stimulus economy
get_prediction_markets (call_aa124a0d1ded4ffb9bcc0123)
Call ID: call_aa124a0d1ded4ffb9bcc0123
Args:
limit: 5
topic: AI data center power demand
================================= Tool Message =================================
Name: get_prediction_markets
Live, market-implied probabilities (higher traded volume = deeper, more reliable). A probability is the crowd's priced odds of the event, not a forecast you should take as certain.
================================== Ai Message ==================================
I now have sufficient data to compile my report. Note: FRED macro data was unavailable (missing API key), and the news vendor returned no company-specific articles for NEXA across multiple lookback windows (up to 3+ months) — I'll flag these as data limitations rather than fabricate values.
Analysis date: 2026-10-16 | Exchange: NYQ | Sector: Basic Materials — Other Industrial Metals & Mining
Relevance for NEXA: Nexa is a zinc-focused producer (Peru/Brazil operations) with copper exposure. A hot-inflation/soft-landing backdrop is broadly supportive of hard assets, but the AI-financing deleveraging narrative and rising bearish institutional posturing raise correlation risk — in a risk-off flush, NEXA would likely underperform alongside EM/commodities.
⚠️ Data unavailable — the macro data vendor could not be accessed (missing FRED API key). I will not fabricate CPI, Fed funds, or yield-curve values. Qualitative read from news flow: inflation prints came in hot this week (per the 10-year yield reaction), which is the single most important macro datapoint for NEXA right now, since hot inflation keeps the Fed on hold and supports real-asset pricing — but also pressures growth-sensitive industrial metals if it forces higher-for-longer rates.
| Category | Item | Signal / Data | Direction for NEXA | Confidence |
|---|---|---|---|---|
| Company news | NEXA-specific news flow | None found (Jul 1–Oct 16; likely vendor gap) | Neutral — no catalysts identified | Low (data gap) |
| Macro (FRED) | CPI / Fed funds / yields | Unavailable (missing API key) — do not rely | n/a | n/a |
| Global news | Inflation print "hot" → 10Y yield rose, then sank on flight-to-quality | Rate volatility elevated | Mildly negative (discount-rate risk) | Medium |
| Global news | AI financing worries; Dalio $4.4T debt warning; BlackRock more bearish | Risk appetite fragile | Negative (beta risk) | Medium |
| Global news | Banks beat (JPM/GS); AI jitters faded Fri; Dow/S&P/Nasdaq up | Rotation, not full risk-off | Neutral | Medium |
| Prediction mkt | No Fed rate cuts in 2026 | 97% ($8.9M vol, +1.3pp wk) | Negative (no easing tailwind) | High |
| Prediction mkt | US recession by end-2026 | 6% ($2.3M vol) | Mildly positive (demand intact) | High |
| Prediction mkt | China Q3 2026 GDP 4.3–4.6% | 72% (+4.0pp wk); upper bands firming; print ~Oct 21 | Positive — nearest catalyst | Medium-High |
| Prediction mkt | AI data-center moratoriums (IN/TX/OK) | 12–22%, rising +2–4pp wk | Mild negative to long-run Cu demand | Medium |
| Overall | FINAL TRANSACTION PROPOSAL | — | HOLD | — |
FINAL TRANSACTION PROPOSAL: HOLD
================================ Human Message =================================
Proceed with your assigned analysis for this workflow. The instrument to analyze is NEXA. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Nexa Resources S.A.; Business classification: Basic Materials / Other Industrial Metals & Mining; Exchange: NYQ. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-16.
================================== Ai Message ==================================
I'll begin by gathering comprehensive fundamental data for NEXA (Nexa Resources S.A.), including the overall fundamentals report plus the three financial statements, in both quarterly and annual views.
Tool Calls:
get_fundamentals (call_746b72eea6c545c9b76737a2)
Call ID: call_746b72eea6c545c9b76737a2
Args:
curr_date: 2026-10-16
ticker: NEXA
get_balance_sheet (call_a5800a7f897e4005baed2be4)
Call ID: call_a5800a7f897e4005baed2be4
Args:
curr_date: 2026-10-16
freq: quarterly
ticker: NEXA
get_cashflow (call_6e4deab89b91482b81ec42ca)
Call ID: call_6e4deab89b91482b81ec42ca
Args:
curr_date: 2026-10-16
freq: quarterly
ticker: NEXA
get_income_statement (call_6725e799ff4c4f78b8454e0f)
Call ID: call_6725e799ff4c4f78b8454e0f
Args:
curr_date: 2026-10-16
freq: quarterly
ticker: NEXA
================================= Tool Message =================================
Name: get_income_statement
,2026-06-30,2026-03-31,2025-12-31,2025-09-30,2025-06-30
Tax Effect Of Unusual Items,4741600.0,12667600.0,-1687297.265317,33978358.525532,10028525.0
Tax Rate For Calcs,0.4,0.4,0.181021,0.275015,0.295
Normalized EBITDA,305739000.0,300666000.0,281063000.0,170272000.0,130304000.0
Total Unusual Items,11854000.0,31669000.0,-9321000.0,123551000.0,33995000.0
Total Unusual Items Excluding Goodwill,11854000.0,31669000.0,-9321000.0,123551000.0,33995000.0
Net Income From Continuing Operation Net Minority Interest,68605000.0,89306000.0,50354000.0,69340000.0,1083000.0
Reconciled Depreciation,86328000.0,77358000.0,65082000.0,81538000.0,76567000.0
Reconciled Cost Of Revenue,566201000.0,539854000.0,539040000.0,529812000.0,499824000.0
EBITDA,317593000.0,332335000.0,271742000.0,293823000.0,164299000.0
EBIT,231265000.0,254977000.0,206660000.0,212285000.0,87732000.0
Net Interest Income,-20581000.0,-45224000.0,-90554000.0,-70897000.0,-66636000.0
Interest Expense,57572000.0,50988000.0,107782000.0,74147000.0,51221000.0
Interest Income,36202000.0,6969000.0,3600000.0,3216000.0,4138000.0
Normalized Income,61492600.0,70304600.0,57987702.734683,-20232641.474468,-22883475.0
Net Income From Continuing And Discontinued Operation,68605000.0,89306000.0,50354000.0,69340000.0,1083000.0
Total Expenses,714899000.0,670262000.0,654242000.0,674070000.0,632775000.0
Total Operating Income As Reported,175330000.0,208193000.0,206166000.0,177914000.0,59931000.0
Diluted Average Shares,132439000.0,132439000.0,132439000.0,132439000.0,132439000.0
Basic Average Shares,132439000.0,132439000.0,132439000.0,132439000.0,132439000.0
Diluted EPS,0.52,0.67,-0.74,0.52,0.01
Basic EPS,0.52,0.67,-0.74,0.52,0.01
Diluted NI Availto Com Stockholders,68605000.0,89306000.0,50354000.0,69340000.0,1083000.0
Net Income Common Stockholders,68605000.0,89306000.0,50354000.0,69340000.0,1083000.0
Net Income,68605000.0,89306000.0,50354000.0,69340000.0,1083000.0
Minority Interests,-29267000.0,-28745000.0,-30625000.0,-30808000.0,-12206000.0
Net Income Including Noncontrolling Interests,97872000.0,118051000.0,80979000.0,100148000.0,13289000.0
Net Income Continuous Operations,97872000.0,118051000.0,80979000.0,100148000.0,13289000.0
Tax Provision,75821000.0,85938000.0,17899000.0,37990000.0,23222000.0
Pretax Income,173693000.0,203989000.0,98878000.0,138138000.0,36511000.0
Other Income Expense,1238000.0,31154000.0,-59329000.0,119590000.0,27500000.0
Other Non Operating Income Expenses,-16805000.0,-6603000.0,-56088000.0,-9721000.0,-10936000.0
Special Income Charges,-1656000.0,-3992000.0,-8877000.0,99515000.0,-1720000.0
Gain On Sale Of Ppe,-1582000.0,-1089000.0,-966000.0,-998000.0,416000.0
Gain On Sale Of Business,,,7736000.0,0.0,0.0
Other Special Charges,-457000.0,4254000.0,3137000.0,5982000.0,154000.0
Impairment Of Capital Assets,531000.0,-1351000.0,12510000.0,-106495000.0,1982000.0
Earnings From Equity Interest,6189000.0,6088000.0,6080000.0,5760000.0,4441000.0
Gain On Sale Of Security,13510000.0,35661000.0,-444000.0,24036000.0,35715000.0
Net Non Operating Interest Income Expense,-20581000.0,-45224000.0,-90554000.0,-70897000.0,-66636000.0
Total Other Finance Cost,-789000.0,1205000.0,-13628000.0,-34000.0,19553000.0
Interest Expense Non Operating,57572000.0,50988000.0,107782000.0,74147000.0,51221000.0
Interest Income Non Operating,36202000.0,6969000.0,3600000.0,3216000.0,4138000.0
Operating Income,193036000.0,218059000.0,248761000.0,89445000.0,75647000.0
Operating Expense,64127000.0,54087000.0,51074000.0,64515000.0,56891000.0
Other Operating Expenses,21167000.0,13474000.0,17683000.0,23069000.0,24233000.0
Other Taxes,,,,3958000.0,
Depreciation Amortization Depletion Income Statement,1757000.0,1037000.0,954000.0,1795000.0,507000.0
Depreciation And Amortization In Income Statement,1757000.0,1037000.0,954000.0,1795000.0,507000.0
Selling General And Administration,41203000.0,39576000.0,39242000.0,35693000.0,32151000.0
General And Administrative Expense,41203000.0,39576000.0,39242000.0,35693000.0,32151000.0
Other Gand A,17692000.0,17957000.0,20244000.0,18191000.0,17151000.0
Salaries And Wages,23511000.0,21619000.0,18998000.0,17502000.0,15000000.0
Gross Profit,257163000.0,272146000.0,299835000.0,153960000.0,132538000.0
Cost Of Revenue,650772000.0,616175000.0,603168000.0,609555000.0,575884000.0
Total Revenue,907935000.0,888321000.0,903003000.0,763515000.0,708422000.0
Excise Taxes,92204000.0,94275000.0,82448000.0,75692000.0,62528000.0
Operating Revenue,1001605000.0,982860000.0,986215000.0,839878000.0,771139000.0
================================== Ai Message ==================================
Now let me pull the annual statements for a longer-term historical view.
Tool Calls:
get_balance_sheet (call_3efa29b785bc4bae993364c8)
Call ID: call_3efa29b785bc4bae993364c8
Args:
curr_date: 2026-10-16
freq: annual
ticker: NEXA
get_cashflow (call_010a725c340e4db99a9bb89d)
Call ID: call_010a725c340e4db99a9bb89d
Args:
curr_date: 2026-10-16
freq: annual
ticker: NEXA
get_income_statement (call_795d9a1048f040698a8fa6d0)
Call ID: call_795d9a1048f040698a8fa6d0
Args:
curr_date: 2026-10-16
freq: annual
ticker: NEXA
================================= Tool Message =================================
Name: get_income_statement
,2025-12-31,2024-12-31,2023-12-31,2022-12-31,2021-12-31
Tax Effect Of Unusual Items,58802705.373641,-53490285.0,-1850145.836992,-24541640.0,
Tax Rate For Calcs,0.327371,0.295,0.014435,0.295,
Normalized EBITDA,724651000.0,652541000.0,333863000.0,755344000.0,
Total Unusual Items,179621000.0,-181323000.0,-128170000.0,-83192000.0,
Total Unusual Items Excluding Goodwill,179621000.0,-181323000.0,-128170000.0,-83192000.0,
Net Income From Continuing Operation Net Minority Interest,132626000.0,-205030000.0,-291968000.0,49695000.0,
Reconciled Depreciation,288996000.0,330198000.0,310475000.0,292140000.0,
Reconciled Cost Of Revenue,2004010000.0,1905587000.0,1967907000.0,2106082000.0,
EBITDA,904272000.0,471218000.0,205693000.0,672152000.0,
EBIT,615276000.0,141020000.0,-104782000.0,380012000.0,
Net Interest Income,-274544000.0,-225427000.0,-188205000.0,-146232000.0,
Interest Expense,283527000.0,212871000.0,191302000.0,152041000.0,
Interest Income,12986000.0,12210000.0,12634000.0,17893000.0,
Normalized Income,11807705.373641,-77197285.0,-165648145.836992,108345360.0,
Net Income From Continuing And Discontinued Operation,132626000.0,-205030000.0,-291968000.0,49695000.0,
Total Expenses,2516481000.0,2409964000.0,2478355000.0,2582722000.0,
Total Operating Income As Reported,497971000.0,276386000.0,-152562000.0,360897000.0,
Diluted Average Shares,132439000.0,132439000.0,132439000.0,132439000.0,
Basic Average Shares,132439000.0,132439000.0,132439000.0,132439000.0,
Diluted EPS,1.0,-1.55,-2.18,0.37,
Basic EPS,1.0,-1.55,-2.18,0.37,
Diluted NI Availto Com Stockholders,132626000.0,-205030000.0,-291968000.0,49695000.0,
Net Income Common Stockholders,132626000.0,-205030000.0,-291968000.0,49695000.0,
Net Income,132626000.0,-205030000.0,-291968000.0,49695000.0,
Minority Interests,-90518000.0,-17623000.0,-158000.0,-27293000.0,
Net Income Including Noncontrolling Interests,223144000.0,-187407000.0,-291810000.0,76988000.0,
Net Income Continuous Operations,223144000.0,-187407000.0,-291810000.0,76988000.0,
Tax Provision,108605000.0,115556000.0,-4274000.0,150983000.0,
Pretax Income,331749000.0,-71851000.0,-296084000.0,227971000.0,
Other Income Expense,120719000.0,-202941000.0,-202757000.0,-77065000.0,
Other Non Operating Income Expenses,-80045000.0,-42841000.0,-98123000.0,4242000.0,
Special Income Charges,82633000.0,-34975000.0,-132269000.0,-95976000.0,
Gain On Sale Of Ppe,-1649000.0,-16183000.0,-3734000.0,-698000.0,
Gain On Sale Of Business,7736000.0,9028000.0,0.0,,
Other Special Charges,15160000.0,-5050000.0,13892000.0,53464000.0,
Write Off,,0.0,0.0,9302000.0,0.0
Impairment Of Capital Assets,-91706000.0,32870000.0,114643000.0,32512000.0,
Earnings From Equity Interest,21143000.0,21223000.0,23536000.0,1885000.0,
Gain On Sale Of Security,96988000.0,-146348000.0,4099000.0,12784000.0,
Net Non Operating Interest Income Expense,-274544000.0,-225427000.0,-188205000.0,-146232000.0,
Total Other Finance Cost,4003000.0,24766000.0,9537000.0,12084000.0,
Interest Expense Non Operating,283527000.0,212871000.0,191302000.0,152041000.0,
Interest Income Non Operating,12986000.0,12210000.0,12634000.0,17893000.0,
Operating Income,485574000.0,356517000.0,94878000.0,451268000.0,
Operating Expense,227322000.0,181554000.0,203998000.0,188786000.0,
Other Operating Expenses,81870000.0,54226000.0,77399000.0,43616000.0,
Other Taxes,,,86906000.0,0.0,0.0
Depreciation Amortization Depletion Income Statement,3847000.0,7375000.0,4025000.0,4286000.0,
Depreciation And Amortization In Income Statement,3847000.0,7375000.0,4025000.0,4286000.0,
Selling General And Administration,141605000.0,119953000.0,122574000.0,140884000.0,
General And Administrative Expense,141605000.0,119953000.0,122574000.0,140884000.0,
Other Gand A,73519000.0,59829000.0,69040000.0,82020000.0,
Salaries And Wages,68086000.0,60124000.0,53534000.0,58864000.0,
Gross Profit,712896000.0,538071000.0,298876000.0,640054000.0,
Cost Of Revenue,2289159000.0,2228410000.0,2274357000.0,2393936000.0,
Total Revenue,3002055000.0,2766481000.0,2573233000.0,3033990000.0,
Excise Taxes,282378000.0,249202000.0,263979000.0,402064000.0,
Operating Revenue,3286668000.0,3018937000.0,2839597000.0,3440863000.0,
================================== Ai Message ==================================
Report Date: 2026-10-16 | Sector: Basic Materials | Industry: Other Industrial Metals & Mining (Zinc-focused miner/smelter, Peru & Brazil operations)
| Metric | Value | Comment |
|---|---|---|
| Market Cap | ~$1.65B | ~132.44M shares → implied price ≈ $12.48 |
| 52-Week Range | $5.05 – $16.89 | Trading ~26% below the high |
| 50-Day / 200-Day Avg | $13.45 / $12.90 | Price below both MAs — near-term technical softness |
| Beta | 0.92 | Slightly below market volatility |
| P/E (TTM) | 5.97x | Deep value vs. market |
| Forward P/E | 3.74x | Market expects continued earnings strength |
| P/B | 1.37x | Book value/share $9.09 |
| EPS (TTM) / Forward EPS | $2.09 / $3.33 | Forward implies ~59% earnings growth expectation |
| Dividend Yield | 0.0% (stated) | But company is paying dividends (~$15–25M/quarter per cash flow stmt) |
| TTM Revenue | $3.46B | Gross profit $972M (28.1% gross margin) |
| TTM EBITDA / Net Income | $946M / $278M | Net margin 8.0%, Operating margin 19.8% |
| ROE / ROA | 29.9% / 8.4% | Very strong equity returns |
| FCF (TTM) | ~$371M | Healthy after capex |
Takeaway: NEXA screens as a deep-value commodity stock with exceptional ROE and a single-digit forward multiple, but with meaningful balance-sheet leverage.
| Quarter | Revenue | Gross Profit | EBITDA | Norm. EBITDA | Net Income | Diluted EPS | Interest Expense |
|---|---|---|---|---|---|---|---|
| Q2 2025 | $708.4M | $132.5M | $164.3M | $130.3M | $1.1M | $0.01 | $51.2M |
| Q3 2025 | $763.5M | $154.0M | $293.8M | $170.3M | $69.3M | $0.52 | $74.1M |
| Q4 2025 | $903.0M | $299.8M | $271.7M | $281.1M | -$50.4M | -$0.74 | $107.8M |
| Q1 2026 | $888.3M | $272.1M | $332.3M | $300.7M | $89.3M | $0.67 | $51.0M |
| Q2 2026 | $907.9M | $257.2M | $317.6M | $305.7M | $68.6M | $0.52 | $57.6M |
Key observations:
- Normalized EBITDA has risen 4 consecutive quarters ($130M → $306M), a 135% improvement — evidence of genuine operational turnaround (higher zinc prices, cost control).
- Q4-2025's reported loss was driven by non-operating items (heavy interest expense of $107.8M and negative special items), not operations — operating income that quarter was $248.8M.
- Interest expense fell sharply from $107.8M (Q4-25) to $51–58M/quarter (H1-26) following 2025 debt refinancing/repayment — a major P&L tailwind.
- Revenue is up ~28% YoY ($708M → $908M in Q2).
| Year | Revenue | EBITDA | Operating Income | Net Income | EPS | Interest Expense |
|---|---|---|---|---|---|---|
| 2022 | $3,034M | $672M | $451M | $49.7M | $0.37 | $152M |
| 2023 | $2,573M | $206M | -$153M (reported) | -$292.0M | -$2.18 | $191M |
| 2024 | $2,766M | $471M | $357M | -$205.0M | -$1.55 | $213M |
| 2025 | $3,002M | $904M | $486M | $132.6M | $1.00 | $284M |
| TTM (to Q2-26) | $3,463M | $946M | — | $277.6M | $2.09 | ~$209M |
Key observations:
- 2023–2024 were loss years driven by impairments (e.g., $114.6M asset impairment charge in 2023) and a $146M loss on securities in 2024. 2025 marked a decisive swing to profit with record EBITDA ($904M) and the highest operating income in the 5-year window ($486M).
- TTM net income ($278M, EPS $2.09) is running well above full-year 2025 — momentum is accelerating.
- Caution: 2025 net income benefited from $97M gain on sale of securities and $82.6M net special income; normalized income was only ~$12M in 2025. However, H1-2026 normalized income is solidly positive ($61M + $70M), confirming the turnaround is operational, not just one-offs.
| Metric | Q2 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Cash & Equivalents | $412M | $516M | $390M | $380M |
| Total Debt | $1,938M | $1,827M | $1,885M | $1,883M |
| Net Debt | $1,379M | $1,162M | $1,350M | $1,346M |
| Stockholders' Equity | $890M | $1,003M | $1,141M | $1,204M |
| Tangible Book Value | $559M | $674M | $811M | $872M |
| Working Capital | -$86M | -$195M | -$210M | -$297M |
| Retained Earnings | -$1,227M | -$1,108M | -$1,019M | -$950M |
| Construction in Progress | $465M | $543M | $573M | $592M |
Key observations:
- Equity rebuilt rapidly: +$314M (+35%) YoY to $1.20B; tangible book up 56% YoY. Retained losses shrinking steadily (~$277M reduction in 12 months).
- Leverage is the main risk: Debt/Equity 124.7%; net debt $1.35B ≈ 1.4–1.5x annualized EBITDA — elevated but manageable at current earnings.
- Negative working capital deteriorating (-$86M → -$297M YoY) and current ratio 0.795 (<1). Payables ($941M) and short-term borrowings fund a growing working-capital cycle — a liquidity pinch point to monitor, though commodity producers routinely run negative WC.
- Rising construction-in-progress ($465M → $592M) signals active growth investment (project pipeline).
- Asset-heavy: $3.21B net PP&E vs. $1.65B market cap — hard-asset backing.
| Period | Operating CF | Capex | Free Cash Flow | Dividends Paid |
|---|---|---|---|---|
| Q2 2025 | $101.3M | $87.3M | $14.1M | $12.9M |
| Q3 2025 | $167.5M | $90.6M | $76.9M | $15.6M |
| Q4 2025 | $280.8M | $125.3M | $155.5M | $5.5M |
| Q1 2026 | -$55.9M | $71.7M | -$127.3M | $25.3M |
| Q2 2026 | $111.2M | $92.2M | $19.0M | $15.4M |
| FY2022 | $269.0M | $387.1M | -$118.1M | $68.5M |
| FY2023 | $256.2M | $313.2M | -$57.0M | $23.7M |
| FY2024 | $351.4M | $264.8M | $86.6M | $15.5M |
| FY2025 | $365.0M | $353.9M | $11.1M | $34.3M |
Key observations:
- Annual OCF improving steadily: $269M → $256M → $351M → $365M (2022→2025). TTM OCF ≈ $504M.
- Q1-2026 OCF was negative purely from a -$283M working-capital swing (payables reduction, inventory build) — largely timing, and Q2-26 rebounded to +$111M with +$64M receivables collection.
- Debt actions: 2025 saw heavy refinancing ($542M issued / $676M repaid); H1-2026 shows modest net repayment (-$4.1M net) — deleveraging has stalled slightly as capex rises.
- Dividends are modest (~$55–60M/yr run-rate, ~$0.42/share annualized) — sustainable at current FCF but small; the "0.0% yield" in the snapshot appears to be a data lag.
- Interest paid: ~$71M in H1-26 vs. $149M in FY2025 — consistent with lower rates/refinancing benefit.
Bull case:
1. Valuation is cheap: Forward P/E of 3.7x, P/B 1.37x against a 30% ROE; TTM EPS $2.09 vs. ~$12.48 price.
2. Earnings momentum is real: 4 straight quarters of normalized EBITDA growth; H1-2026 net income of $158M already exceeds all of FY2025 ($133M).
3. Interest burden halved after refinancing — directly flows to EPS; forward EPS of $3.33 looks achievable if zinc prices hold.
4. Equity repair: Retained losses cut by $277M in a year; tangible book compounding.
Bear case / risks:
1. Leverage: D/E of 125% and interest expense still ~$210M/yr TTM — a zinc price downturn would compress coverage quickly (2023–2024 losses show this cyclicality).
2. Liquidity: Current ratio 0.795, working capital -$297M and worsening; cash fell $136M in H1-26.
3. Commodity dependence: Revenue/EBITDA track zinc prices; Q4-25's -$0.74 EPS quarter shows downside volatility.
4. Technicals: Price below both the 50-day ($13.45) and 200-day ($12.90) averages and 26% off the $16.89 high — near-term momentum is negative despite improving fundamentals.
5. Q3-2026 results are not yet reflected in the data — the next report is a key catalyst.
Net assessment: Fundamentals have decisively inflected positive (profitability, equity rebuild, lower interest costs, positive TTM FCF) while the valuation remains deeply discounted. The leverage and working-capital risks are real but are being mitigated by earnings strength. On a pure fundamental basis, the risk/reward favors the long side, with position sizing tempered by cyclicality.
| Category | Key Data Point | Signal |
|---|---|---|
| Valuation | P/E 5.97x TTM / 3.74x fwd; P/B 1.37x | 🟢 Cheap |
| Profitability | ROE 29.9%; Net margin 8.0%; Op. margin 19.8% | 🟢 Strong |
| Earnings trend | 3 straight profitable quarters; TTM EPS $2.09 vs FY25 $1.00 | 🟢 Accelerating |
| Normalized EBITDA | $130M → $306M over 4 quarters | 🟢 Turnaround confirmed |
| Revenue | $3.46B TTM, +28% YoY (Q2) | 🟢 Growing |
| Interest expense | $107.8M (Q4-25) → ~$55M/qtr H1-26 | 🟢 Improving |
| Leverage | D/E 124.7%; Net debt $1.35B (~1.5x EBITDA) | 🟡 Elevated but covered |
| Liquidity | Current ratio 0.795; WC -$297M | 🔴 Weak, monitor |
| Cash flow | OCF $504M TTM; FCF ~$350–370M TTM; Q1-26 negative (WC timing) | 🟢/🟡 Positive TTM, volatile |
| Equity repair | Retained earnings -$1,227M → -$950M; TBV +56% YoY | 🟢 Improving |
| Dividend | ~$0.42/sh annualized; yield ~0% stated (likely data lag) | 🟡 Modest |
| Price vs. MAs | ~$12.48 < 50DMA $13.45 and 200DMA $12.90 | 🔴 Soft near-term technicals |
| Cyclicality | 2023–24 losses (-$2.18, -$1.55 EPS) on impairments/zinc downturn | 🔴 Commodity risk |
FINAL TRANSACTION PROPOSAL: BUY
================================ Human Message =================================
Proceed with your assigned analysis for this workflow. The instrument to analyze is NEXA. Use this exact ticker in every tool call, report, and recommendation, preserving any exchange suffix (e.g. .TO, .L, .HK, .T, -USD). Resolved identity: Company: Nexa Resources S.A.; Business classification: Basic Materials / Other Industrial Metals & Mining; Exchange: NYQ. Do not substitute a different company or ticker unless a tool result explicitly disproves this resolved identity. The analysis date is 2026-10-16.
================================== Ai Message ==================================
Action: Hold
Reasoning: NEXA is in a coiled six-week range ($11.80–$13.30) with the evidence genuinely split: a nascent below-zero MACD bullish cross (histogram +0.08) and a rising 200 SMA (12.83) converging on price argue for repair, while the price sits below all moving averages (50 SMA 13.42 declining), the RSI is dead-neutral at 45.88, and the June-onward lower-high sequence (14.25 → 13.29 → 13.20) remains intact. Fundamentals are equally balanced — cheap 3.74x forward P/E and ~$371M TTM FCF versus stalled deleveraging (net debt up to $1,346M) and one-off-dependent FY2025 profits — and a binary China GDP print is five days out. With ATR compressed to $0.57 (a squeeze that typically resolves fast) and neither bulls nor bears in control at $12.48 mid-range, entering now is a coin-flip; the disciplined play is to hold the existing position and act mechanically on the predefined triggers: exit on a close below 11.80 (bearish measured move toward 10.75–11.00), scale up only on a close above 13.42 with volume confirmation (target zone 14.25–16.00).
Position Sizing: Maintain existing position size; no new capital or averaging before the China GDP print (~Oct 21) or Q3 earnings. If upside trigger fires (close > 13.42 on expanding volume), scale toward Overweight in increments; if downside trigger fires (close < 11.80), exit full position.
FINAL TRANSACTION PROPOSAL: HOLD
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FINAL DECISION (NEXA, 2026-10-16):
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Hold
Elapsed: 472s