NOVARTIS Technical Analysis

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NOVARTIND -- India Stock  

INR 560.45  0.60  0.11%

As of the 7th of July, NOVARTIS INDIA secures the market risk adjusted performance of 3.02, risk adjusted performance of 0.2056, and mean deviation of 1.9. Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of NOVARTIS INDIA 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 were able to interpolate data for nineteen technical drivers for NOVARTIS INDIA, which can be compared to its peers in the industry. Please verify NOVARTIS INDIA LTD jensen alpha and downside variance to decide if NOVARTIS INDIA LTD is priced favorably, providing market reflects its recent price of 560.45 per share.

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NOVARTIS INDIA 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 NOVARTIS INDIA technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NOVARTIS INDIA 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...

NOVARTIS INDIA LTD Technical Analysis

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The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Normalized Average True Range is used to analyze tradable apportunities for NOVARTIS INDIA LTD across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.


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

NOVARTIS INDIA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NOVARTIS INDIA LTD applied against its price change over selected period. The best fit line has a slop of   0.83  , which means NOVARTIS INDIA LTD will continue generating value for investors. It has 122 observation points and a regression sum of squares at 25755.26, which is the sum of squared deviations for the predicted NOVARTIS INDIA price change compared to its average price change.

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

NOVARTIS INDIA July 7, 2020 Technical Indicators

Most technical analysis of NOVARTIS stock 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 NOVARTIS from various momentum indicators to cycle indicators. When you analyze NOVARTIS 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.
Cycle Indicators
Math Operators
Math Transform
Momentum Indicators
Overlap Studies
Pattern Recognition
Price Transform
Statistic Functions
Volatility Indicators
Volume Indicators
Risk Adjusted Performance0.2056
Market Risk Adjusted Performance3.02
Mean Deviation1.9
Semi Deviation2.52
Downside Deviation3.28
Coefficient Of Variation900.77
Standard Deviation3.15
Information Ratio0.0515
Jensen Alpha0.3195
Total Risk Alpha0.0319
Sortino Ratio0.0495
Treynor Ratio3.01
Maximum Drawdown17.68
Value At Risk(3.79)
Potential Upside5.93
Downside Variance10.76
Semi Variance6.34
Expected Short fall(2.17)
Additionally, see Stocks Correlation. Please also try Money Managers module to screen money managers from public funds and etfs managed around the world.
Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page