Nitro Games (Sweden) Technical Analysis

NITRO Stock  SEK 4.03  0.16  3.82%   
As of the 24th of April, Nitro Games secures the Downside Deviation of 3.58, risk adjusted performance of 0.047, and Mean Deviation of 3.17. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nitro Games Oyj, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Nitro Games, which can be compared to its peers in the industry. Please verify Nitro Games Oyj information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Nitro Games Oyj is priced some-what accurately, providing market reflects its recent price of 4.03 per share.

Nitro Games Momentum Analysis

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

Nitro Games Oyj Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Nitro Games Oyj volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nitro Games Oyj Trend Analysis

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

Nitro Games Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nitro Games Oyj applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Nitro Games Oyj market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.83, which is the sum of squared deviations for the predicted Nitro Games price change compared to its average price change.

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

Nitro Games April 24, 2024 Technical Indicators

Most technical analysis of Nitro 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 Nitro from various momentum indicators to cycle indicators. When you analyze Nitro 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.

Nitro Games April 24, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Nitro stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nitro Games Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Nitro Stock analysis

When running Nitro Games' price analysis, check to measure Nitro Games' 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 Nitro Games is operating at the current time. Most of Nitro Games' value examination focuses on studying past and present price action to predict the probability of Nitro Games' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nitro Games' price. Additionally, you may evaluate how the addition of Nitro Games to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Nitro Games' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nitro Games is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nitro Games' 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.