National Energy Services Stock Technical Analysis

NESRDelisted Stock  USD 3.05  0.55  22.00%   
As of the 25th of April, National Energy secures the Risk Adjusted Performance of (0.16), mean deviation of 2.96, and Standard Deviation of 4.56. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of National Energy Services, 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 are able to interpolate and collect thirteen technical drivers for National Energy, which can be compared to its peers in the industry. Please verify National Energy Services risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if National Energy Services is priced some-what accurately, providing market reflects its recent price of 3.05 per share. Given that National Energy Services has information ratio of (0.29), we recommend you to check National Energy's last-minute market performance to make sure the company can sustain itself at a future point.

National Energy Momentum Analysis

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

National Energy Services Technical Analysis

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National Energy Services Trend Analysis

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

National Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for National Energy Services applied against its price change over selected period. The best fit line has a slop of   0.07  , which may suggest that National Energy Services market price will keep on failing further. It has 122 observation points and a regression sum of squares at 174.9, which is the sum of squared deviations for the predicted National Energy price change compared to its average price change.

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

National Energy April 25, 2024 Technical Indicators

Most technical analysis of National 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 National from various momentum indicators to cycle indicators. When you analyze National 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. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Other Consideration for investing in National Pink Sheet

If you are still planning to invest in National Energy Services check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the National Energy's history and understand the potential risks before investing.
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