Nacco Stock Technical Analysis


USD 46.66  0.80  1.69%   

As of the 19th of August, Nacco Industries secures the risk adjusted performance of (0.029829), and Mean Deviation of 3.02. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Nacco Industries, 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 break down nineteen technical drivers for Nacco Industries, which can be compared to its peers in the industry. Please verify Nacco Industries treynor ratio, and the relationship between the standard deviation and downside variance to decide if Nacco Industries is priced some-what accurately, providing market reflects its recent price of 46.66 per share. Given that Nacco Industries has jensen alpha of (0.21), we recommend you to check Nacco Industries's last-minute market performance to make sure the company can sustain itself at a future point.

Nacco Industries Momentum Analysis

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

Nacco Industries Technical Analysis

Time Period
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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 Nacco Industries volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nacco Industries Trend Analysis

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

Nacco Industries Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nacco Industries applied against its price change over selected period. The best fit line has a slop of   -0.22  , which may indicate that the price for Nacco Industries will continue to decline. It has 122 observation points and a regression sum of squares at 1854.05, which is the sum of squared deviations for the predicted Nacco Industries price change compared to its average price change.

About Nacco Industries 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 Nacco Industries 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 Nacco Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Nacco Industries price pattern first instead of the macroeconomic environment surrounding Nacco Industries. By analyzing Nacco Industries'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 Nacco Industries'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 Nacco Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 (projected)
Long Term Debt to Equity0.05160.053
Interest Coverage3.593.7

Nacco Industries August 19, 2022 Technical Indicators

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

Nacco Industries August 19, 2022 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 Nacco 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.
Additionally, see Stocks Correlation. Note that the Nacco Industries information on this page should be used as a complementary analysis to other Nacco Industries' 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Complementary Tools for Nacco Stock analysis

When running Nacco Industries price analysis, check to measure Nacco Industries' 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 Nacco Industries is operating at the current time. Most of Nacco Industries' value examination focuses on studying past and present price action to predict the probability of Nacco Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Nacco Industries' price. Additionally, you may evaluate how the addition of Nacco Industries to your portfolios can decrease your overall portfolio volatility.
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Is Nacco Industries' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nacco Industries. If investors know Nacco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nacco Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
Market Capitalization
342.2 M
Quarterly Revenue Growth YOY
Return On Assets
Return On Equity
The market value of Nacco Industries is measured differently than its book value, which is the value of Nacco that is recorded on the company's balance sheet. Investors also form their own opinion of Nacco Industries' value that differs from its market value or its book value, called intrinsic value, which is Nacco Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nacco Industries' market value can be influenced by many factors that don't directly affect Nacco Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nacco Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Nacco Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nacco Industries' 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.