Nexon Co Stock Technical Analysis

NEXOF Stock  USD 15.98  2.82  15.00%   
As of the 16th of November 2024, NEXON Co secures the Market Risk Adjusted Performance of 22.81, risk adjusted performance of (0.08), and Mean Deviation of 0.4484. In respect to fundamental indicators, the technical analysis model lets you check practical technical drivers of NEXON Co, as well as the relationship between them. Please verify NEXON Co risk adjusted performance, standard deviation, as well as the relationship between the Standard Deviation and maximum drawdown to decide if NEXON Co is priced more or less accurately, providing market reflects its recent price of 15.98 per share. Given that NEXON Co has variance of 3.46, we recommend you to check NEXON Co's last-minute market performance to make sure the company can sustain itself at some point in the future.

NEXON Co Momentum Analysis

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

NEXON Co Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was thirty with a total number of output elements of thirty-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 NEXON Co volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NEXON Co Trend Analysis

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

NEXON Co Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NEXON Co applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that NEXON Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.9, which is the sum of squared deviations for the predicted NEXON Co price change compared to its average price change.

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

NEXON Co November 16, 2024 Technical Indicators

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

NEXON Co November 16, 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 NEXON 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.

Complementary Tools for NEXON Pink Sheet analysis

When running NEXON Co's price analysis, check to measure NEXON Co'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 NEXON Co is operating at the current time. Most of NEXON Co's value examination focuses on studying past and present price action to predict the probability of NEXON Co's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NEXON Co's price. Additionally, you may evaluate how the addition of NEXON Co to your portfolios can decrease your overall portfolio volatility.
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios