Ashland Global Holdings Stock Technical Analysis

ASH Stock  USD 96.24  0.57  0.60%   
As of the 24th of April, Ashland Global shows the risk adjusted performance of 0.0973, and Mean Deviation of 1.08. Ashland Global Holdings technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect nineteen technical drivers for Ashland Global Holdings, which can be compared to its peers. Please confirm Ashland Global Holdings treynor ratio, and the relationship between the standard deviation and downside variance to decide if Ashland Global Holdings is priced correctly, providing market reflects its regular price of 96.24 per share. Given that Ashland Global has jensen alpha of 0.3028, we suggest you to validate Ashland Global Holdings's prevailing market performance to make sure the company can sustain itself at a future point.

Ashland Global Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Ashland, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Ashland
  
Ashland Global's 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.

Ashland Global Analyst Consensus

Target PriceAdvice# of Analysts
98.9Strong Buy12Odds
Ashland Global Holdings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Ashland analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ashland stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ashland Global Holdings, talking to its executives and customers, or listening to Ashland conference calls.
Ashland Analyst Advice Details
Ashland Global 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 Ashland Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Ashland Global 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...

Ashland Global Holdings Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Ashland Global Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Ashland Global Holdings Trend Analysis

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

Ashland Global Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ashland Global Holdings applied against its price change over selected period. The best fit line has a slop of   0.14  , which may imply that Ashland Global Holdings will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 768.48, which is the sum of squared deviations for the predicted Ashland Global price change compared to its average price change.

About Ashland Global 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 Ashland Global Holdings 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 Ashland Global Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Ashland Global Holdings price pattern first instead of the macroeconomic environment surrounding Ashland Global Holdings. By analyzing Ashland Global'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 Ashland Global'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 Ashland Global specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2022 2023 2024 (projected)
Dividend Yield0.01760.02020.0192
Price To Sales Ratio1.981.781.87

Ashland Global April 24, 2024 Technical Indicators

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

Ashland Global April 24, 2024 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 Ashland 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.
When determining whether Ashland Global Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ashland Global's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ashland Global Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ashland Global Holdings Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Ashland Global Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

Complementary Tools for Ashland Stock analysis

When running Ashland Global's price analysis, check to measure Ashland Global's 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 Ashland Global is operating at the current time. Most of Ashland Global's value examination focuses on studying past and present price action to predict the probability of Ashland Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ashland Global's price. Additionally, you may evaluate how the addition of Ashland Global to your portfolios can decrease your overall portfolio volatility.
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Is Ashland Global's 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 Ashland Global. If investors know Ashland 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 Ashland Global 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
(0.31)
Dividend Share
1.49
Earnings Share
2.91
Revenue Per Share
40.938
Quarterly Revenue Growth
(0.1)
The market value of Ashland Global Holdings is measured differently than its book value, which is the value of Ashland that is recorded on the company's balance sheet. Investors also form their own opinion of Ashland Global's value that differs from its market value or its book value, called intrinsic value, which is Ashland Global's 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 Ashland Global's market value can be influenced by many factors that don't directly affect Ashland Global's 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 Ashland Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ashland Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ashland Global's 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.