Nexgen Energy Stock Technical Analysis
| NXE Stock | CAD 12.42 0.22 1.80% |
As of the 22nd of November, NexGen Energy secures the Downside Deviation of 2.69, mean deviation of 2.26, and Risk Adjusted Performance of 0.1684. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NexGen Energy, as well as the relationship between them.
NexGen Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as NexGen, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexGenNexGen |
NexGen Energy 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.
NexGen Energy Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 NexGen Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.
NexGen Energy Trend Analysis
Use this graph to draw trend lines for NexGen Energy. You can use it to identify possible trend reversals for NexGen Energy 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 NexGen Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.NexGen Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for NexGen Energy applied against its price change over selected period. The best fit line has a slop of 0.07 , which means NexGen Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 181.16, which is the sum of squared deviations for the predicted NexGen Energy price change compared to its average price change.About NexGen Energy 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 NexGen Energy 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 NexGen Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NexGen Energy price pattern first instead of the macroeconomic environment surrounding NexGen Energy. By analyzing NexGen Energy'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 NexGen Energy'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 NexGen Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Days Sales Outstanding | 5.9K | 5.3K | PTB Ratio | 5.71 | 3.78 |
NexGen Energy November 22, 2024 Technical Indicators
Most technical analysis of NexGen 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 NexGen from various momentum indicators to cycle indicators. When you analyze NexGen 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 | 0.1684 | |||
| Market Risk Adjusted Performance | 3.42 | |||
| Mean Deviation | 2.26 | |||
| Semi Deviation | 2.07 | |||
| Downside Deviation | 2.69 | |||
| Coefficient Of Variation | 474.08 | |||
| Standard Deviation | 3.11 | |||
| Variance | 9.68 | |||
| Information Ratio | 0.1758 | |||
| Jensen Alpha | 0.6275 | |||
| Total Risk Alpha | 0.2405 | |||
| Sortino Ratio | 0.2037 | |||
| Treynor Ratio | 3.41 | |||
| Maximum Drawdown | 17.35 | |||
| Value At Risk | (4.35) | |||
| Potential Upside | 6.48 | |||
| Downside Variance | 7.21 | |||
| Semi Variance | 4.3 | |||
| Expected Short fall | (2.60) | |||
| Skewness | 0.459 | |||
| Kurtosis | 1.71 |
NexGen Energy 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 NexGen 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 | 66,825 | ||
| Daily Balance Of Power | 0.50 | ||
| Rate Of Daily Change | 1.02 | ||
| Day Median Price | 12.29 | ||
| Day Typical Price | 12.33 | ||
| Price Action Indicator | 0.24 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.