NEXA RESOURCES (Germany) Technical Analysis
| NE0 Stock | EUR 5.90 0.05 0.85% |
As of the 18th of January 2025, NEXA RESOURCES secures the Mean Deviation of 2.34, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of 0.1576. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NEXA RESOURCES SA, as well as the relationship between them. Please verify NEXA RESOURCES SA coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if NEXA RESOURCES SA is priced more or less accurately, providing market reflects its recent price of 5.9 per share.
NEXA RESOURCES Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NEXA, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NEXANEXA |
NEXA RESOURCES technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
NEXA RESOURCES SA Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of NEXA RESOURCES SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NEXA RESOURCES SA Trend Analysis
Use this graph to draw trend lines for NEXA RESOURCES SA. You can use it to identify possible trend reversals for NEXA RESOURCES as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual NEXA RESOURCES price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NEXA RESOURCES Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NEXA RESOURCES SA applied against its price change over selected period. The best fit line has a slop of 0.0063 , which may suggest that NEXA RESOURCES SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.52, which is the sum of squared deviations for the predicted NEXA RESOURCES price change compared to its average price change.About NEXA RESOURCES Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of NEXA RESOURCES SA on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of NEXA RESOURCES SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NEXA RESOURCES SA price pattern first instead of the macroeconomic environment surrounding NEXA RESOURCES SA. By analyzing NEXA RESOURCES's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NEXA RESOURCES's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to NEXA RESOURCES specific price patterns or momentum indicators. Please read more on our technical analysis page.
NEXA RESOURCES January 18, 2025 Technical Indicators
Most technical analysis of NEXA help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for NEXA from various momentum indicators to cycle indicators. When you analyze NEXA charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.1576 | |||
| Mean Deviation | 2.34 | |||
| Coefficient Of Variation | (3,595) | |||
| Standard Deviation | 3.3 | |||
| Variance | 10.87 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | 0.1476 | |||
| Maximum Drawdown | 23.16 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 4.86 | |||
| Skewness | (1.01) | |||
| Kurtosis | 4.83 |
Complementary Tools for NEXA Stock analysis
When running NEXA RESOURCES's price analysis, check to measure NEXA RESOURCES's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NEXA RESOURCES is operating at the current time. Most of NEXA RESOURCES's value examination focuses on studying past and present price action to predict the probability of NEXA RESOURCES's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXA RESOURCES's price. Additionally, you may evaluate how the addition of NEXA RESOURCES to your portfolios can decrease your overall portfolio volatility.
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