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The value of shares of Novolipetsk Metallurgical Plant fell by 12.26 percent

Russia / Business and Finance

NLMK shares are showing negative trends. Their trading ended with a serious quarterly decline

The value of shares of Novolipetsk Metallurgical Plant fell by 12.26 percent

January 19, New York. Novolipetsk Metallurgical Plant loses more than 12 percent of its share value. Their price dropped significantly during the quarterly trading process. According to the latest data, shares have lost 4.38 percent in the past four weeks alone. And for the entire previous year - almost 5 percent.

Analysts suggest that investors may be worried about the global trends associated with a sharp increase in US export duties on metals. They can also target more successful companies that have strong growth trends and a more successful sales track record. But be that as it may, experts agree on one thing - the shares of the Novolipetsk Iron and Steel Works are currently out of favor with Wall Street.

However, they note that NLMK currently has a 14-day Commodity Channel Index (CCI) at 47.81. Analysts have reason to believe that investors can use this technical indicator as a tool for independent valuation of stocks. In addition, the company's ATR index, which studies the daily volatility of securities, is at 2.74, and the ADX (Average Directional Movement Index) is 15.54.

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