Nemaura Medical Stock Technical Analysis

NMRDDelisted Stock  USD 0.93  0.01  1.06%   
As of the 22nd of December, Nemaura Medical secures the Risk Adjusted Performance of 0.0483, downside deviation of 5.95, and Mean Deviation of 4.82. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nemaura Medical, as well as the relationship between them. Please verify Nemaura Medical treynor ratio, as well as the relationship between the downside variance and kurtosis to decide if Nemaura Medical is priced some-what accurately, providing market reflects its recent price of 0.93 per share. Given that Nemaura Medical is a hitting penny stock territory we strongly suggest to closely look at its total risk alpha.

Nemaura Medical Momentum Analysis

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

Nemaura Medical Technical Analysis

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Nemaura Medical Trend Analysis

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

Nemaura Medical Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nemaura Medical applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Nemaura Medical will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.14, which is the sum of squared deviations for the predicted Nemaura Medical price change compared to its average price change.

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

Nemaura Medical December 22, 2024 Technical Indicators

Most technical analysis of Nemaura 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 Nemaura from various momentum indicators to cycle indicators. When you analyze Nemaura 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 metropolitan statistical area.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Other Consideration for investing in Nemaura Pink Sheet

If you are still planning to invest in Nemaura Medical 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 Nemaura Medical's history and understand the potential risks before investing.
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