NESTE OYJ (Germany) Technical Analysis
| NEFA Stock | EUR 6.25 0.15 2.34% |
As of the 17th of December 2024, NESTE OYJ secures the Mean Deviation of 2.08, risk adjusted performance of (0.05), and Market Risk Adjusted Performance of (1.02). In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NESTE OYJ UNSPADR, as well as the relationship between them. Please verify NESTE OYJ UNSPADR coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if NESTE OYJ UNSPADR is priced more or less accurately, providing market reflects its recent price of 6.25 per share.
NESTE OYJ Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NESTE, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NESTENESTE |
NESTE OYJ 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.
NESTE OYJ UNSPADR 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 NESTE OYJ UNSPADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NESTE OYJ UNSPADR Trend Analysis
Use this graph to draw trend lines for NESTE OYJ UNSPADR. You can use it to identify possible trend reversals for NESTE OYJ 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 NESTE OYJ price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NESTE OYJ Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NESTE OYJ UNSPADR applied against its price change over selected period. The best fit line has a slop of 0.03 , which may suggest that NESTE OYJ UNSPADR market price will keep on failing further. It has 122 observation points and a regression sum of squares at 41.48, which is the sum of squared deviations for the predicted NESTE OYJ price change compared to its average price change.About NESTE OYJ 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 NESTE OYJ UNSPADR 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 NESTE OYJ UNSPADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NESTE OYJ UNSPADR price pattern first instead of the macroeconomic environment surrounding NESTE OYJ UNSPADR. By analyzing NESTE OYJ'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 NESTE OYJ'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 NESTE OYJ specific price patterns or momentum indicators. Please read more on our technical analysis page.
NESTE OYJ December 17, 2024 Technical Indicators
Most technical analysis of NESTE 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 NESTE from various momentum indicators to cycle indicators. When you analyze NESTE 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.
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| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (1.02) | |||
| Mean Deviation | 2.08 | |||
| Coefficient Of Variation | (1,363) | |||
| Standard Deviation | 2.69 | |||
| Variance | 7.21 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (1.03) | |||
| Maximum Drawdown | 14.1 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 3.23 | |||
| Skewness | (0.39) | |||
| Kurtosis | 0.3853 |
Complementary Tools for NESTE Stock analysis
When running NESTE OYJ's price analysis, check to measure NESTE OYJ'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 NESTE OYJ is operating at the current time. Most of NESTE OYJ's value examination focuses on studying past and present price action to predict the probability of NESTE OYJ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NESTE OYJ's price. Additionally, you may evaluate how the addition of NESTE OYJ to your portfolios can decrease your overall portfolio volatility.
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