NTG Nordic (Denmark) Technical Analysis

NTG Stock  DKK 274.50  1.00  0.36%   
As of the 18th of April 2024, NTG Nordic secures the mean deviation of 1.74, and Risk Adjusted Performance of (0.01). In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NTG Nordic Transport, 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 analyze and collect data for thirteen technical drivers for NTG Nordic, which can be compared to its peers in the industry. Please verify NTG Nordic Transport standard deviation, information ratio, maximum drawdown, as well as the relationship between the variance and treynor ratio to decide if NTG Nordic Transport is priced more or less accurately, providing market reflects its recent price of 274.5 per share.

NTG Nordic Momentum Analysis

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

NTG Nordic Transport 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 NTG Nordic Transport volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NTG Nordic Transport Trend Analysis

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

NTG Nordic Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NTG Nordic Transport applied against its price change over selected period. The best fit line has a slop of   0.36  , which may suggest that NTG Nordic Transport market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5002.64, which is the sum of squared deviations for the predicted NTG Nordic price change compared to its average price change.

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

NTG Nordic April 18, 2024 Technical Indicators

Most technical analysis of NTG 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 NTG from various momentum indicators to cycle indicators. When you analyze NTG 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, which includes a position in NTG Nordic Transport. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the NTG Nordic Transport information on this page should be used as a complementary analysis to other NTG Nordic's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. 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 NTG Stock analysis

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