North Energy (Norway) Technical Analysis

NORTH Stock  NOK 2.26  0.08  3.42%   
As of the 2nd of May, North Energy secures the Mean Deviation of 1.84, risk adjusted performance of 0.0668, and Downside Deviation of 2.23. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of North Energy ASA, 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 have analyze and collected data for nineteen technical drivers for North Energy, which can be compared to its peers in the industry. Please verify North Energy ASA information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if North Energy ASA is priced some-what accurately, providing market reflects its recent price of 2.26 per share.

North 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 North, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to North
  
North 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.
North Energy 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 North Energy technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of North 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...

North Energy ASA 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 North Energy ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

North Energy ASA Trend Analysis

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

North Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for North Energy ASA applied against its price change over selected period. The best fit line has a slop of   0.01  , which means North Energy ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.48, which is the sum of squared deviations for the predicted North Energy price change compared to its average price change.

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

North Energy May 2, 2024 Technical Indicators

Most technical analysis of North 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 North from various momentum indicators to cycle indicators. When you analyze North 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, which includes a position in North Energy ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the North Energy ASA information on this page should be used as a complementary analysis to other North Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

Complementary Tools for North Stock analysis

When running North Energy's price analysis, check to measure North Energy'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 North Energy is operating at the current time. Most of North Energy's value examination focuses on studying past and present price action to predict the probability of North Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move North Energy's price. Additionally, you may evaluate how the addition of North Energy to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between North Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if North Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, North Energy'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.