Nextplay Technologies Stock Technical Analysis

NXTPDelisted Stock  USD 1.10  0.09  7.56%   
As of the 11th of December 2024, Nextplay Technologies secures the Mean Deviation of 4.97, risk adjusted performance of (0.06), and Standard Deviation of 6.58. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nextplay Technologies, 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 and analyze data for thirteen technical drivers for Nextplay Technologies, which can be compared to its peers in the industry.

Nextplay Technologies Momentum Analysis

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

Nextplay Technologies Technical Analysis

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Nextplay Technologies Trend Analysis

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

Nextplay Technologies Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nextplay Technologies applied against its price change over selected period. The best fit line has a slop of   0.0026  , which may suggest that Nextplay Technologies market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.25, which is the sum of squared deviations for the predicted Nextplay Technologies price change compared to its average price change.

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

Nextplay Technologies December 11, 2024 Technical Indicators

Most technical analysis of Nextplay 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 Nextplay from various momentum indicators to cycle indicators. When you analyze Nextplay 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.
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as signals in estimate.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Other Consideration for investing in Nextplay OTC Stock

If you are still planning to invest in Nextplay Technologies check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nextplay Technologies' history and understand the potential risks before investing.
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