NMDC Technical Analysis

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NMDC -- India Stock  

INR 72.40  1.80  2.43%

As of the 25th of May NMDC secures Mean Deviation of 3.85 and Risk Adjusted Performance of (0.52). In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check helpful technical drivers of NMDC LTD 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 found nineteen technical drivers for NMDC, which can be compared to its peers in the industry. Please verify NMDC LTD Coefficient Of Variation, Variance and the relationship between Downside Deviation and Standard Deviation to decide if NMDC LTD is priced fairly providing market reflects its recent price of 72.4 per share.

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NMDC LTD 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 NMDC LTD volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

NMDC LTD Trend Analysis

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

NMDC Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NMDC LTD applied against its price change over selected period. The best fit line has a slop of   -0.7  which may suggest that NMDC LTD market price will keep on failing further. It has 122 observation points and a regression sum of squares at 18350.41, which is the sum of squared deviations for the predicted NMDC price change compared to its average price change.

About NMDC Technical Analysis

The Macroaxis 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 NMDC LTD 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 NMDC LTD based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NMDC LTD stock first instead of the macroeconomic environment surrounding NMDC LTD. By analyzing NMDC's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of NMDC'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 NMDC specific price patterns or momentum indicators. Please read more on our technical analysis page.

NMDC May 25, 2020 Technical Indicators

NMDC May 25, 2020 Daily Price Condition

Additionally, see Stocks Correlation. Please also try Instant Ratings module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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