NexGen Energy (Germany) Technical Analysis

6NE Stock  EUR 6.86  0.46  6.28%   
As of the 18th of December 2024, NexGen Energy secures the Risk Adjusted Performance of 0.1028, mean deviation of 3.26, and Downside Deviation of 3.68. NexGen Energy technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Please verify NexGen Energy information ratio, treynor ratio, value at risk, as well as the relationship between the jensen alpha and maximum drawdown to decide if NexGen Energy is priced some-what accurately, providing market reflects its recent price of 6.86 per share.

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 NexGen
  
NexGen Energy's 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.
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.
A focus of NexGen Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NexGen Energy 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...

NexGen Energy Technical Analysis

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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 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   0.03  , which means NexGen Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 32.49, 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.

NexGen Energy December 18, 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.

Complementary Tools for NexGen Stock analysis

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