Nickel Mines Limited Stock Technical Analysis

NICMF Stock  USD 0.59  0.03  5.36%   
As of the 24th of November, Nickel Mines secures the Downside Deviation of 8.72, risk adjusted performance of 0.0624, and Mean Deviation of 2.61. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nickel Mines Limited, as well as the relationship between them. Please verify Nickel Mines Limited standard deviation and the relationship between the treynor ratio and kurtosis to decide if Nickel Mines Limited is priced some-what accurately, providing market reflects its recent price of 0.59 per share. As Nickel Mines Limited is a penny stock we also strongly advise to check its total risk alpha numbers.

Nickel Mines Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nickel, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nickel
  
Nickel Mines' 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.
Nickel Mines technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Nickel Mines technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nickel Mines 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...

Nickel Mines Limited Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Nickel Mines Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nickel Mines Limited Trend Analysis

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

Nickel Mines Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nickel Mines Limited applied against its price change over selected period. The best fit line has a slop of   0.0008  , which means Nickel Mines Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted Nickel Mines price change compared to its average price change.

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

Nickel Mines November 24, 2024 Technical Indicators

Most technical analysis of Nickel 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 Nickel from various momentum indicators to cycle indicators. When you analyze Nickel 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 Nickel Pink Sheet analysis

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