Newpark Resources Stock Technical Analysis

NR Stock  USD 7.11  0.01  0.14%   
As of the 18th of March 2024, Newpark Resources secures the Risk Adjusted Performance of 0.0446, mean deviation of 1.48, and Downside Deviation of 2.06. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Newpark Resources, 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 interpolate data for nineteen technical drivers for Newpark Resources, which can be compared to its peers in the industry. Please verify Newpark Resources jensen alpha and semi variance to decide if Newpark Resources is priced some-what accurately, providing market reflects its recent price of 7.11 per share. Given that Newpark Resources has jensen alpha of (0.01), we recommend you to check Newpark Resources's last-minute market performance to make sure the company can sustain itself at a future point.

Newpark Resources Momentum Analysis

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

Newpark Resources Analyst Consensus

Target PriceAdvice# of Analysts
4.0Strong Buy3Odds
Newpark Resources current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Newpark 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 Newpark stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Newpark Resources, talking to its executives and customers, or listening to Newpark conference calls.
Newpark Analyst Advice Details
Newpark Resources 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 Newpark Resources technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Newpark Resources 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...

Newpark Resources Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Newpark Resources volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Newpark Resources Trend Analysis

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

Newpark Resources Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Newpark Resources applied against its price change over selected period. The best fit line has a slop of   0.0003  , which suggests that Newpark Resources will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Newpark Resources price change compared to its average price change.

About Newpark Resources 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 Newpark Resources 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 Newpark Resources based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Newpark Resources price pattern first instead of the macroeconomic environment surrounding Newpark Resources. By analyzing Newpark Resources'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 Newpark Resources'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 Newpark Resources specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Dividend Yield9.3E-48.84E-4
Price To Sales Ratio0.781.54

Newpark Resources March 18, 2024 Technical Indicators

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

Newpark Resources March 18, 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 Newpark 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 Newpark Resources is a strong investment it is important to analyze Newpark Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Newpark Resources' future performance. For an informed investment choice regarding Newpark Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Newpark Resources. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Newpark Stock, please use our How to Invest in Newpark Resources guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Newpark Stock analysis

When running Newpark Resources' price analysis, check to measure Newpark Resources' 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 Newpark Resources is operating at the current time. Most of Newpark Resources' value examination focuses on studying past and present price action to predict the probability of Newpark Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newpark Resources' price. Additionally, you may evaluate how the addition of Newpark Resources to your portfolios can decrease your overall portfolio volatility.
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Is Newpark Resources' 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 Newpark Resources. If investors know Newpark 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 Newpark Resources 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
1.192
Earnings Share
0.16
Revenue Per Share
8.676
Quarterly Revenue Growth
(0.26)
Return On Assets
0.0342
The market value of Newpark Resources is measured differently than its book value, which is the value of Newpark that is recorded on the company's balance sheet. Investors also form their own opinion of Newpark Resources' value that differs from its market value or its book value, called intrinsic value, which is Newpark Resources' 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 Newpark Resources' market value can be influenced by many factors that don't directly affect Newpark Resources' 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 Newpark Resources' value and its price as these two are different measures arrived at by different means. Investors typically determine if Newpark Resources is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Newpark Resources' 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.