Quanex Building Products Stock Technical Analysis

NX Stock  USD 38.43  0.36  0.93%   
As of the 29th of March, Quanex Building holds the Coefficient Of Variation of 505.97, risk adjusted performance of 0.1167, and Semi Deviation of 1.46. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Quanex Building, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Quanex Building Products, which can be compared to its competitors. Please check Quanex Building Products market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Quanex Building Products is priced some-what accurately, providing market reflects its current price of 38.43 per share. Given that Quanex Building has jensen alpha of 0.0834, we recommend you to check out Quanex Building Products's recent market performance to make sure the company can sustain itself at a future point.

Quanex Building Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Quanex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Quanex
  
Quanex Building'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.

Quanex Building Analyst Consensus

Target PriceAdvice# of Analysts
32.67Strong Buy1Odds
Quanex Building Products current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Quanex 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 Quanex stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Quanex Building Products, talking to its executives and customers, or listening to Quanex conference calls.
Quanex Analyst Advice Details
Quanex Building 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 Quanex Building technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Quanex Building 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...

Quanex Building Products Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Quanex Building Products volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Quanex Building Products Trend Analysis

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

Quanex Building Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Quanex Building Products applied against its price change over selected period. The best fit line has a slop of   0.13  , which suggests that Quanex Building Products will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 661.05, which is the sum of squared deviations for the predicted Quanex Building price change compared to its average price change.

About Quanex Building 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 Quanex Building Products 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 Quanex Building Products based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Quanex Building Products price pattern first instead of the macroeconomic environment surrounding Quanex Building Products. By analyzing Quanex Building'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 Quanex Building'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 Quanex Building specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2024 (projected)
Dividend Yield0.01450.01210.0132
Price To Sales Ratio0.60.780.38

Quanex Building March 29, 2024 Technical Indicators

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

Quanex Building March 29, 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 Quanex 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.
When determining whether Quanex Building Products offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Quanex Building's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Quanex Building Products Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Quanex Building Products Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Quanex Building Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Quanex Stock analysis

When running Quanex Building's price analysis, check to measure Quanex Building'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 Quanex Building is operating at the current time. Most of Quanex Building's value examination focuses on studying past and present price action to predict the probability of Quanex Building's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Quanex Building's price. Additionally, you may evaluate how the addition of Quanex Building to your portfolios can decrease your overall portfolio volatility.
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Is Quanex Building's industry 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 Quanex Building. If investors know Quanex 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 Quanex Building listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
2.28
Dividend Share
0.32
Earnings Share
2.63
Revenue Per Share
33.788
Quarterly Revenue Growth
(0.09)
The market value of Quanex Building Products is measured differently than its book value, which is the value of Quanex that is recorded on the company's balance sheet. Investors also form their own opinion of Quanex Building's value that differs from its market value or its book value, called intrinsic value, which is Quanex Building'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 Quanex Building's market value can be influenced by many factors that don't directly affect Quanex Building'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 Quanex Building's value and its price as these two are different measures arrived at by different means. Investors typically determine if Quanex Building is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Quanex Building'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.