National Australia Bank Stock Technical Analysis

NAUBF Stock  USD 23.05  0.35  1.54%   
As of the 18th of April 2024, National Australia secures the Risk Adjusted Performance of 0.0776, standard deviation of 1.46, and Mean Deviation of 0.7051. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of National Australia Bank, 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 analyzed thirteen technical drivers for National Australia, which can be compared to its peers in the industry. Please verify National Australia Bank information ratio, and the relationship between the coefficient of variation and value at risk to decide if National Australia Bank is priced some-what accurately, providing market reflects its recent price of 23.05 per share. Given that National Australia Bank has information ratio of 0.0761, we recommend you to check National Australia's last-minute market performance to make sure the company can sustain itself at a future point.

National Australia Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as National, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to National
  
National Australia'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.
National Australia technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of National Australia technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of National Australia 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...

National Australia Bank Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 National Australia Bank volatility. High ATR values indicate high volatility, and low values indicate low volatility.

National Australia Bank Trend Analysis

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

National Australia Best Fit Change Line

The following chart estimates an ordinary least squares regression model for National Australia Bank applied against its price change over selected period. The best fit line has a slop of   0.04  , which means National Australia Bank will continue generating value for investors. It has 122 observation points and a regression sum of squares at 67.43, which is the sum of squared deviations for the predicted National Australia price change compared to its average price change.

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

National Australia April 18, 2024 Technical Indicators

Most technical analysis of National 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 National from various momentum indicators to cycle indicators. When you analyze National 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 National Australia Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the National Australia Bank information on this page should be used as a complementary analysis to other National Australia'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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for National Pink Sheet analysis

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