Ngex Minerals Stock Technical Analysis

NGXXF Stock  USD 10.13  0.11  1.07%   
As of the 20th of January, NGEx Minerals secures the risk adjusted performance of 0.1274, and Mean Deviation of 1.68. In connection with fundamental indicators, the technical analysis model lets you check helpful technical drivers of NGEx Minerals, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for NGEx Minerals, which can be compared to its peers in the industry. Please verify NGEx Minerals information ratio, as well as the relationship between the potential upside and kurtosis to decide if NGEx Minerals is priced fairly, providing market reflects its recent price of 10.13 per share. Given that NGEx Minerals has jensen alpha of 0.2812, we recommend you to check NGEx Minerals's last-minute market performance to make sure the company can sustain itself in the future.

NGEx Minerals Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NGEx, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NGEx
  
NGEx Minerals' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
NGEx Minerals technical otc 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, otc market cycles, or different charting patterns.
A focus of NGEx Minerals technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NGEx Minerals trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

NGEx Minerals Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 NGEx Minerals volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NGEx Minerals Trend Analysis

Use this graph to draw trend lines for NGEx Minerals. You can use it to identify possible trend reversals for NGEx Minerals 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 NGEx Minerals price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

NGEx Minerals Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NGEx Minerals applied against its price change over selected period. The best fit line has a slop of   0.03  , which means NGEx Minerals will continue generating value for investors. It has 122 observation points and a regression sum of squares at 30.66, which is the sum of squared deviations for the predicted NGEx Minerals price change compared to its average price change.

About NGEx Minerals 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 NGEx Minerals 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 NGEx Minerals based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on NGEx Minerals price pattern first instead of the macroeconomic environment surrounding NGEx Minerals. By analyzing NGEx Minerals'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 NGEx Minerals'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 NGEx Minerals specific price patterns or momentum indicators. Please read more on our technical analysis page.

NGEx Minerals January 20, 2025 Technical Indicators

Most technical analysis of NGEx 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 NGEx from various momentum indicators to cycle indicators. When you analyze NGEx 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.

Complementary Tools for NGEx OTC Stock analysis

When running NGEx Minerals' price analysis, check to measure NGEx Minerals' 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 NGEx Minerals is operating at the current time. Most of NGEx Minerals' value examination focuses on studying past and present price action to predict the probability of NGEx Minerals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NGEx Minerals' price. Additionally, you may evaluate how the addition of NGEx Minerals to your portfolios can decrease your overall portfolio volatility.
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