Nervgen Pharma Corp Stock Technical Analysis

NGENF Stock  USD 1.57  0.02  1.26%   
As of the 23rd of April, NervGen Pharma secures the Standard Deviation of 5.14, mean deviation of 3.67, and Risk Adjusted Performance of (0.01). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NervGen Pharma 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 were able to interpolate thirteen technical drivers for NervGen Pharma, which can be compared to its peers in the industry. Please verify NervGen Pharma Corp standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if NervGen Pharma Corp is priced some-what accurately, providing market reflects its recent price of 1.57 per share. Please also check out NervGen Pharma jensen alpha, which is currently at (0.30) to check the company can sustain itself at a future point.

NervGen Pharma Momentum Analysis

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

NervGen Pharma Corp Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 NervGen Pharma Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

NervGen Pharma Corp Trend Analysis

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

NervGen Pharma Best Fit Change Line

The following chart estimates an ordinary least squares regression model for NervGen Pharma Corp applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that NervGen Pharma Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 13.39, which is the sum of squared deviations for the predicted NervGen Pharma price change compared to its average price change.

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

NervGen Pharma April 23, 2024 Technical Indicators

Most technical analysis of NervGen 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 NervGen from various momentum indicators to cycle indicators. When you analyze NervGen 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.

NervGen Pharma April 23, 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 NervGen 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NervGen Pharma Corp. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for NervGen OTC Stock analysis

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