ICBC (Hong Kong) Technical Analysis

ICBC -- Hong Kong Stock  

HKD 6.13  0.17  2.7%

ICBC owns Downside Deviation of 1.63, Market Risk Adjusted Performance of 0.5218 and Semi Deviation of 1.13. ICBC technical analysis makes it possible for you to employ past data patterns with intention to determine a pattern that calculates the direction of the entity future prices. Strictly speaking you can use this information to find out if the entity will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for ICBC which can be compared to its peers in the sector. Please check out ICBC Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if ICBC is priced fairly providing market reflects its prevailing price of 6.13 per share.
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ICBC Trend Analysis

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

ICBC Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ICBC applied against its price change over selected period. The best fit line has a slop of 0.033701 % which means ICBC will continue generating value for investors. It has 34 observation points and a regression sum of squares at 0.93, which is the sum of squared deviations for the predicted ICBC price change compared to its average price change.

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ICBC is number one stock in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about  1.63  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for ICBC is roughly  1.63