Nextdecade Corp Stock Technical Analysis

NEXT Stock  USD 5.94  0.05  0.83%   
As of the 19th of April, Nextdecade Corp secures the Mean Deviation of 2.1, risk adjusted performance of 0.0979, and Downside Deviation of 2.22. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nextdecade Corp, 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 and interpolated nineteen technical drivers for Nextdecade Corp, which can be compared to its peers in the industry. Please verify Nextdecade Corp standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Nextdecade Corp is priced some-what accurately, providing market reflects its recent price of 5.94 per share. Given that Nextdecade Corp has jensen alpha of 0.3196, we recommend you to check Nextdecade Corp's last-minute market performance to make sure the company can sustain itself at a future point.

Nextdecade Corp Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nextdecade, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nextdecade
  
Nextdecade Corp'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.

Nextdecade Corp Analyst Consensus

Target PriceAdvice# of Analysts
8.6Strong Buy4Odds
Nextdecade Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Nextdecade analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Nextdecade stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Nextdecade Corp, talking to its executives and customers, or listening to Nextdecade conference calls.
Nextdecade Analyst Advice Details
Nextdecade Corp 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 Nextdecade Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nextdecade Corp 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...

Nextdecade Corp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was fifty with a total number of output elements of eleven. 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 Nextdecade Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nextdecade Corp Trend Analysis

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

Nextdecade Corp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nextdecade Corp applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Nextdecade Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 13.74, which is the sum of squared deviations for the predicted Nextdecade Corp price change compared to its average price change.

About Nextdecade Corp 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 Nextdecade Corp 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 Nextdecade Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nextdecade Corp price pattern first instead of the macroeconomic environment surrounding Nextdecade Corp. By analyzing Nextdecade Corp'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 Nextdecade Corp'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 Nextdecade Corp specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
PTB Ratio1.82.53.222.25
Dividend Yield1.97E-41.17E-45.7E-58.6E-5

Nextdecade Corp April 19, 2024 Technical Indicators

Most technical analysis of Nextdecade 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 Nextdecade from various momentum indicators to cycle indicators. When you analyze Nextdecade 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.
When determining whether Nextdecade Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nextdecade Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nextdecade Corp Stock. Highlighted below are key reports to facilitate an investment decision about Nextdecade Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nextdecade Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy Nextdecade Stock please use our How to Invest in Nextdecade Corp guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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Is Nextdecade Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nextdecade Corp. If investors know Nextdecade will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nextdecade Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.94)
Return On Assets
(0.04)
Return On Equity
(0.44)
The market value of Nextdecade Corp is measured differently than its book value, which is the value of Nextdecade that is recorded on the company's balance sheet. Investors also form their own opinion of Nextdecade Corp's value that differs from its market value or its book value, called intrinsic value, which is Nextdecade Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nextdecade Corp's market value can be influenced by many factors that don't directly affect Nextdecade Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nextdecade Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nextdecade Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nextdecade Corp'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.