Nomad Foods Stock Technical Analysis

NOMD Stock  USD 17.59  0.49  2.87%   
As of the 22nd of November, Nomad Foods secures the Risk Adjusted Performance of (0.04), mean deviation of 1.1, and Standard Deviation of 1.45. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nomad Foods, as well as the relationship between them. Please verify Nomad Foods information ratio and potential upside to decide if Nomad Foods is priced some-what accurately, providing market reflects its recent price of 17.59 per share. Given that Nomad Foods has information ratio of (0.12), we recommend you to check Nomad Foods's last-minute market performance to make sure the company can sustain itself at a future point.

Nomad Foods Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nomad, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nomad
  
Nomad Foods' 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.

Nomad Foods Analyst Consensus

Target PriceAdvice# of Analysts
23.15Strong Buy8Odds
Nomad Foods current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nomad analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nomad stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nomad Foods, talking to its executives and customers, or listening to Nomad conference calls.
Nomad Analyst Advice Details
Nomad Foods 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.
A focus of Nomad Foods technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nomad Foods 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...

Nomad Foods Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 Nomad Foods volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nomad Foods Trend Analysis

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

Nomad Foods Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nomad Foods applied against its price change over selected period. The best fit line has a slop of   0.04  , which may suggest that Nomad Foods market price will keep on failing further. It has 122 observation points and a regression sum of squares at 76.0, which is the sum of squared deviations for the predicted Nomad Foods price change compared to its average price change.

About Nomad Foods 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 Nomad Foods 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 Nomad Foods based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nomad Foods price pattern first instead of the macroeconomic environment surrounding Nomad Foods. By analyzing Nomad Foods'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 Nomad Foods'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 Nomad Foods specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2024 (projected)
PB Ratio1.731.081.06
Capex To Depreciation1.110.890.71

Nomad Foods November 22, 2024 Technical Indicators

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

Nomad Foods November 22, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nomad stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Nomad Stock analysis

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