Nova Lithium Corp Stock Technical Analysis
| NVLIF Stock | 0.25 0.01 4.17% |
As of the 2nd of December, Nova Lithium secures the Mean Deviation of 4.44, risk adjusted performance of (0.0002), and Standard Deviation of 7.04. Our technical analysis interface lets you check existing technical drivers of Nova Lithium Corp, as well as the relationship between them. Please verify Nova Lithium Corp market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Nova Lithium Corp is priced some-what accurately, providing market reflects its recent price of 0.25 per share. As Nova Lithium Corp appears to be a penny stock we also strongly suggest to check its jensen alpha numbers.
Nova Lithium Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to NovaNova |
Nova Lithium 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.
Nova Lithium Corp Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Nova Lithium Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Nova Lithium Corp Trend Analysis
Use this graph to draw trend lines for Nova Lithium Corp. You can use it to identify possible trend reversals for Nova Lithium 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 Nova Lithium price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Nova Lithium Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Nova Lithium Corp applied against its price change over selected period. The best fit line has a slop of 0.0004 , which may suggest that Nova Lithium Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Nova Lithium price change compared to its average price change.About Nova Lithium 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 Nova Lithium 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 Nova Lithium Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nova Lithium Corp price pattern first instead of the macroeconomic environment surrounding Nova Lithium Corp. By analyzing Nova Lithium'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 Nova Lithium'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 Nova Lithium specific price patterns or momentum indicators. Please read more on our technical analysis page.
Nova Lithium December 2, 2024 Technical Indicators
Most technical analysis of Nova 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 Nova from various momentum indicators to cycle indicators. When you analyze Nova 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.
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| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.0002) | |||
| Market Risk Adjusted Performance | (0.35) | |||
| Mean Deviation | 4.44 | |||
| Coefficient Of Variation | (8,401) | |||
| Standard Deviation | 7.04 | |||
| Variance | 49.53 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (1.27) | |||
| Treynor Ratio | (0.36) | |||
| Maximum Drawdown | 48.69 | |||
| Value At Risk | (9.38) | |||
| Potential Upside | 11.11 | |||
| Skewness | 0.5555 | |||
| Kurtosis | 4.47 |
Complementary Tools for Nova Pink Sheet analysis
When running Nova Lithium's price analysis, check to measure Nova Lithium'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 Nova Lithium is operating at the current time. Most of Nova Lithium's value examination focuses on studying past and present price action to predict the probability of Nova Lithium's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Lithium's price. Additionally, you may evaluate how the addition of Nova Lithium to your portfolios can decrease your overall portfolio volatility.
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