Norsemont Mining Stock Technical Analysis

NRRSF Stock  USD 0.19  0.02  11.76%   
As of the 28th of November, Norsemont Mining secures the Risk Adjusted Performance of 0.1601, mean deviation of 6.57, and Downside Deviation of 8.24. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Norsemont Mining, as well as the relationship between them. Please verify Norsemont Mining information ratio, potential upside, as well as the relationship between the Potential Upside and kurtosis to decide if Norsemont Mining is priced some-what accurately, providing market reflects its recent price of 0.19 per share. As Norsemont Mining appears to be a penny stock we also strongly suggest to check its total risk alpha numbers.

Norsemont Mining Momentum Analysis

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

Norsemont Mining 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 Norsemont Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Norsemont Mining Trend Analysis

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

Norsemont Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Norsemont Mining applied against its price change over selected period. The best fit line has a slop of    , which means Norsemont Mining will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.3, which is the sum of squared deviations for the predicted Norsemont Mining price change compared to its average price change.

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

Norsemont Mining November 28, 2024 Technical Indicators

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

Complementary Tools for Norsemont Pink Sheet analysis

When running Norsemont Mining's price analysis, check to measure Norsemont Mining'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 Norsemont Mining is operating at the current time. Most of Norsemont Mining's value examination focuses on studying past and present price action to predict the probability of Norsemont Mining's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Norsemont Mining's price. Additionally, you may evaluate how the addition of Norsemont Mining to your portfolios can decrease your overall portfolio volatility.
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