Norva24 Group (Sweden) Technical Analysis
| NORVA Stock | 27.20 0.05 0.18% |
As of the 26th of November, Norva24 Group secures the Standard Deviation of 2.02, mean deviation of 1.49, and Risk Adjusted Performance of (0.05). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Norva24 Group AB, as well as the relationship between them. Please verify Norva24 Group AB standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Norva24 Group AB is priced some-what accurately, providing market reflects its recent price of 27.2 per share.
Norva24 Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Norva24, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Norva24Norva24 |
Norva24 Group 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.
Norva24 Group AB 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 Norva24 Group AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Norva24 Group AB Trend Analysis
Use this graph to draw trend lines for Norva24 Group AB. You can use it to identify possible trend reversals for Norva24 Group 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 Norva24 Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Norva24 Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Norva24 Group AB applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Norva24 Group AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 84.76, which is the sum of squared deviations for the predicted Norva24 Group price change compared to its average price change.About Norva24 Group 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 Norva24 Group AB 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 Norva24 Group AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Norva24 Group AB price pattern first instead of the macroeconomic environment surrounding Norva24 Group AB. By analyzing Norva24 Group'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 Norva24 Group'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 Norva24 Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
Norva24 Group November 26, 2024 Technical Indicators
Most technical analysis of Norva24 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 Norva24 from various momentum indicators to cycle indicators. When you analyze Norva24 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 | (0.05) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 1.49 | |||
| Coefficient Of Variation | (1,386) | |||
| Standard Deviation | 2.02 | |||
| Variance | 4.06 | |||
| Information Ratio | (0.14) | |||
| Jensen Alpha | (0.25) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 9.96 | |||
| Value At Risk | (3.44) | |||
| Potential Upside | 3.13 | |||
| Skewness | (0.43) | |||
| Kurtosis | 0.5753 |
Norva24 Group November 26, 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 Norva24 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.
| Accumulation Distribution | 1,333 | ||
| Daily Balance Of Power | (0.14) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 27.08 | ||
| Day Typical Price | 27.12 | ||
| Price Action Indicator | 0.10 |
Additional Tools for Norva24 Stock Analysis
When running Norva24 Group's price analysis, check to measure Norva24 Group'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 Norva24 Group is operating at the current time. Most of Norva24 Group's value examination focuses on studying past and present price action to predict the probability of Norva24 Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norva24 Group's price. Additionally, you may evaluate how the addition of Norva24 Group to your portfolios can decrease your overall portfolio volatility.