Novo Nordisk (Brazil) Technical Analysis
In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novo Nordisk AS, 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 analyze zero technical drivers for Novo Nordisk, which can be compared to its peers in the industry.
Novo Nordisk Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Novo, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovoNovo |
Novo Nordisk 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.
Novo Nordisk AS Technical Analysis
We are not able to run technical analysis function on this symbol. We either do not have that equity or its historical data is not available at this time. Please try again later.
Novo Nordisk AS Trend Analysis
Use this graph to draw trend lines for Novo Nordisk AS. You can use it to identify possible trend reversals for Novo Nordisk 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 Novo Nordisk price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Novo Nordisk Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Novo Nordisk AS applied against its price change over selected period. The best fit line has a slop of NaN , . It has 0 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Novo Nordisk price change compared to its average price change.About Novo Nordisk 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 Novo Nordisk AS 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 Novo Nordisk AS based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Novo Nordisk AS price pattern first instead of the macroeconomic environment surrounding Novo Nordisk AS. By analyzing Novo Nordisk'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 Novo Nordisk'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 Novo Nordisk specific price patterns or momentum indicators. Please read more on our technical analysis page.
Novo Nordisk April 25, 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 Novo 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.
| Period Momentum Indicator | 0.66 | ||
| Accumulation Distribution | 16.89 | ||
| Daily Balance Of Power | 7.41 | ||
| Rate Of Daily Change | 1.08 | ||
| Day Median Price | 80.88 | ||
| Day Typical Price | 80.82 | ||
| Price Action Indicator | 2.79 | ||
| Market Facilitation Index | 0.0005 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Novo Nordisk AS. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Novo Nordisk AS information on this page should be used as a complementary analysis to other Novo Nordisk'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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for Novo Stock analysis
When running Novo Nordisk's price analysis, check to measure Novo Nordisk'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 Novo Nordisk is operating at the current time. Most of Novo Nordisk's value examination focuses on studying past and present price action to predict the probability of Novo Nordisk's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novo Nordisk's price. Additionally, you may evaluate how the addition of Novo Nordisk to your portfolios can decrease your overall portfolio volatility.
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