NZSE (New Zealand) Technical Analysis Overview

NZ50 -- New Zealand Index  

 8,673  20.75  0.24%

NZSE secures Mean Deviation of 0.6184 and Risk Adjusted Performance of 0.34. Macroaxis technical analysis interface lets you check available technical drivers of NZSE as well as the relationship between them. Strictly speaking you can use this information to find out if the organization will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for NZSE which can be compared to its peers in the industry. Please verify NZSE Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if NZSE is priced favorably providing market reflects its recent price of 8673.18 per share.
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NZSE Trend Analysis

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

NZSE Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NZSE applied against its price change over selected period. The best fit line has a slop of 45.09 % which may suggest that NZSE market price will keep on failing further. It has 34 observation points and a regression sum of squares at 1659207.4, which is the sum of squared deviations for the predicted NZSE price change compared to its average price change.

Current Sentiment - NZ50

NZSE Investor Sentiment

Most of Macroaxis investors are at this time bullish on NZSE. What is your trading attitude regarding investing in New Zealand companies? Are you bullish or bearish on NZSE?
98% Bullish
2% Bearish

NZSE Market Strength

NZSE October 23, 2018 Daily Price Condition

See also Your Current Watchlist. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.