Stockholm (Sweden) Technical Analysis Overview

OMXSPI -- Sweden Index  

 543.94  4.10  0.75%

Stockholm has Coefficient Of Variation of (2,047) and Risk Adjusted Performance of (0.06). Macroaxis technical analysis interface makes it possible for you to check existing technical drivers of Stockholm as well as the relationship between them. In other words you can use this information to find out if the index will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for Stockholm which can be compared to its competition. Please validate Stockholm Information Ratio and Downside Variance to decide if Stockholm is priced more or less accurately providing market reflects its prevalent price of 543.94 per share.
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Stockholm Trend Analysis

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

Stockholm Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Stockholm applied against its price change over selected period. The best fit line has a slop of 0.49 % which may suggest that Stockholm market price will keep on failing further. It has 78 observation points and a regression sum of squares at 2400.87, which is the sum of squared deviations for the predicted Stockholm price change compared to its average price change.

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Stockholm Market Strength

Stockholm December 14, 2018 Daily Price Condition

See also Your Current Watchlist. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.