Neogames Sa Stock Technical Analysis

NGMSDelisted Stock  USD 27.09  0.15  0.55%   
As of the 29th of December, Neogames secures the Mean Deviation of 3.64, downside deviation of 2.37, and Risk Adjusted Performance of 0.1018. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Neogames SA, as well as the relationship between them. Please verify Neogames SA standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Neogames SA is priced some-what accurately, providing market reflects its recent price of 27.09 per share. Given that Neogames SA has jensen alpha of 1.6, we recommend you to check Neogames's last-minute market performance to make sure the company can sustain itself at a future point.

Neogames Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Neogames, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Neogames
  
Neogames' 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.
Neogames 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, delisted stock market cycles, or different charting patterns.
A focus of Neogames technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Neogames 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...

Neogames SA Technical Analysis

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Neogames SA Trend Analysis

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

Neogames Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Neogames SA applied against its price change over selected period. The best fit line has a slop of   0.21  , which means Neogames SA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1667.8, which is the sum of squared deviations for the predicted Neogames price change compared to its average price change.

About Neogames 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 Neogames SA 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 Neogames SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Neogames SA price pattern first instead of the macroeconomic environment surrounding Neogames SA. By analyzing Neogames'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 Neogames'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 Neogames specific price patterns or momentum indicators. Please read more on our technical analysis page.

Neogames December 29, 2024 Technical Indicators

Most technical analysis of Neogames 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 Neogames from various momentum indicators to cycle indicators. When you analyze Neogames 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Other Consideration for investing in Neogames Stock

If you are still planning to invest in Neogames SA check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Neogames' history and understand the potential risks before investing.
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