Nel ASA Stock Forecast - Daily Balance Of Power
| NEL Stock | NOK 3.20 0.10 3.23% |
Nel Stock Forecast is based on your current time horizon.
Nel |
| Previous Daily Balance Of Power | Daily Balance Of Power | Trend |
| (0.74) | (0.89) |
| Check Nel ASA Volatility | Backtest Nel ASA | Trend Details |
Nel ASA Trading Date Momentum
| On November 21 2024 Nel ASA was traded for 2.92 at the closing time. The maximum traded price for the trading interval was 3.14 and the lowest daily price was 2.75 . The daily volume was recorded at 11.8 M. The volume of trading on 21st of November 2024 played a part in the next trading day price drop. The trading delta at closing time to the next closing price was 5.19% . The trading delta at closing time to the closing price today is 2.60% . |
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
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Other Forecasting Options for Nel ASA
For every potential investor in Nel, whether a beginner or expert, Nel ASA's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nel Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nel. Basic forecasting techniques help filter out the noise by identifying Nel ASA's price trends.Nel ASA Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nel ASA stock to make a market-neutral strategy. Peer analysis of Nel ASA could also be used in its relative valuation, which is a method of valuing Nel ASA by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Nel ASA Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nel ASA's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nel ASA's current price.| Cycle Indicators | ||
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| Math Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
Nel ASA Market Strength Events
Market strength indicators help investors to evaluate how Nel ASA stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nel ASA shares will generate the highest return on investment. By undertsting and applying Nel ASA stock market strength indicators, traders can identify Nel ASA entry and exit signals to maximize returns.
Nel ASA Risk Indicators
The analysis of Nel ASA's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nel ASA's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nel stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.0 | |||
| Standard Deviation | 3.9 | |||
| Variance | 15.18 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Nel ASA financial ratios help investors to determine whether Nel Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nel with respect to the benefits of owning Nel ASA security.