Nexgen Energy Stock Technical Analysis

NXE Stock  CAD 10.47  0.05  0.48%   
As of the 21st of April, NexGen Energy secures the Downside Deviation of 2.89, mean deviation of 2.14, and Risk Adjusted Performance of 0.02. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NexGen Energy, 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 and collect data for nineteen technical drivers for NexGen Energy, which can be compared to its peers in the industry. Please verify NexGen Energy information ratio, and the relationship between the downside deviation and value at risk to decide if NexGen Energy is priced some-what accurately, providing market reflects its recent price of 10.47 per share.

NexGen Energy Momentum Analysis

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

NexGen Energy Technical Analysis

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The output start index for this execution was six with a total number of output elements of fifty-five. 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 NexGen Energy volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NexGen Energy Trend Analysis

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

NexGen Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NexGen Energy applied against its price change over selected period. The best fit line has a slop of   0.02  , which means NexGen Energy will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8.59, which is the sum of squared deviations for the predicted NexGen Energy price change compared to its average price change.

About NexGen Energy 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 NexGen Energy 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 NexGen Energy based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on NexGen Energy price pattern first instead of the macroeconomic environment surrounding NexGen Energy. By analyzing NexGen Energy'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 NexGen Energy'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 NexGen Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Days Sales Outstanding5.9K5.3K
PTB Ratio5.633.78

NexGen Energy April 21, 2024 Technical Indicators

Most technical analysis of NexGen 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 NexGen from various momentum indicators to cycle indicators. When you analyze NexGen 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 NexGen Energy is a strong investment it is important to analyze NexGen Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NexGen Energy's future performance. For an informed investment choice regarding NexGen Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NexGen Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in NexGen Stock, please use our How to Invest in NexGen Energy guide.
Note that the NexGen Energy information on this page should be used as a complementary analysis to other NexGen Energy'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Complementary Tools for NexGen Stock analysis

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