Nexalin Technology Stock Technical Analysis
| NXL Stock | USD 4.18 0.09 2.11% |
As of the 1st of December, Nexalin Technology secures the Downside Deviation of 7.8, risk adjusted performance of 0.1938, and Mean Deviation of 8.42. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nexalin Technology, as well as the relationship between them. Please verify Nexalin Technology coefficient of variation, as well as the relationship between the treynor ratio and semi variance to decide if Nexalin Technology is priced some-what accurately, providing market reflects its recent price of 4.18 per share. Given that Nexalin Technology has jensen alpha of 2.79, we recommend you to check Nexalin Technology's last-minute market performance to make sure the company can sustain itself at a future point.
Nexalin Technology Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nexalin, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NexalinNexalin |
Nexalin Technology Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 3.0 | Buy | 1 | Odds |
Most Nexalin analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nexalin stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nexalin Technology, talking to its executives and customers, or listening to Nexalin conference calls.
Nexalin Technology 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.
Nexalin Technology Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Nexalin Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nexalin Technology Trend Analysis
Use this graph to draw trend lines for Nexalin Technology. You can use it to identify possible trend reversals for Nexalin Technology 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 Nexalin Technology price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nexalin Technology Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nexalin Technology applied against its price change over selected period. The best fit line has a slop of 0.07 , which may imply that Nexalin Technology will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 199.31, which is the sum of squared deviations for the predicted Nexalin Technology price change compared to its average price change.About Nexalin Technology 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 Nexalin Technology 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 Nexalin Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nexalin Technology price pattern first instead of the macroeconomic environment surrounding Nexalin Technology. By analyzing Nexalin Technology'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 Nexalin Technology'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 Nexalin Technology specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 0.0254 | 0.55 | 0.16 | 0.32 | Days Of Inventory On Hand | 534.68 | 155.13 | 2.2K | 2.3K |
Nexalin Technology December 1, 2024 Technical Indicators
Most technical analysis of Nexalin 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 Nexalin from various momentum indicators to cycle indicators. When you analyze Nexalin 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.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
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| Price Transform | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.1938 | |||
| Market Risk Adjusted Performance | 2.38 | |||
| Mean Deviation | 8.42 | |||
| Semi Deviation | 6.61 | |||
| Downside Deviation | 7.8 | |||
| Coefficient Of Variation | 414.55 | |||
| Standard Deviation | 12.29 | |||
| Variance | 150.95 | |||
| Information Ratio | 0.23 | |||
| Jensen Alpha | 2.79 | |||
| Total Risk Alpha | 0.9028 | |||
| Sortino Ratio | 0.3621 | |||
| Treynor Ratio | 2.37 | |||
| Maximum Drawdown | 71.17 | |||
| Value At Risk | (12.22) | |||
| Potential Upside | 25.71 | |||
| Downside Variance | 60.91 | |||
| Semi Variance | 43.72 | |||
| Expected Short fall | (10.91) | |||
| Skewness | 1.6 | |||
| Kurtosis | 5.13 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexalin Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. For more information on how to buy Nexalin Stock please use our How to buy in Nexalin Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexalin Technology. If investors know Nexalin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexalin Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.65) | Revenue Per Share 0.02 | Quarterly Revenue Growth (0.24) | Return On Assets (1.19) | Return On Equity (2.02) |
The market value of Nexalin Technology is measured differently than its book value, which is the value of Nexalin that is recorded on the company's balance sheet. Investors also form their own opinion of Nexalin Technology's value that differs from its market value or its book value, called intrinsic value, which is Nexalin Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexalin Technology's market value can be influenced by many factors that don't directly affect Nexalin Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexalin Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexalin Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexalin Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.