Atlantica Yield Technical Analysis

Atlantica Yield plc -- USA Stock  

USD 21.56  0.08  0.37%

Atlantica Yield plc shows Risk Adjusted Performance of (0.21) and Mean Deviation of 0.6854. Atlantica Yield plc 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 future prices. In plain English 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 found nineteen technical drivers for Atlantica Yield plc which can be compared to its rivals. Please confirm Atlantica Yield plc Downside Deviation, Jensen Alpha as well as the relationship between Jensen Alpha and Downside Variance to decide if Atlantica Yield plc is priced correctly providing market reflects its regular price of 21.56 per share. Given that Atlantica Yield has Jensen Alpha of (0.42), we suggest you validate Atlantica Yield plc prevailing market performance to make sure the company can sustain itself at future point.
Investment Horizon     30 Days    Login   to change

Atlantica Yield plc Trend Analysis

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

Atlantica Yield Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Atlantica Yield plc applied against its price change over selected period. The best fit line has a slop of 0.11 % which may indicate that the price for Atlantica Yield plc will continue to decline. It has 34 observation points and a regression sum of squares at 9.94, which is the sum of squared deviations for the predicted Atlantica Yield price change compared to its average price change.

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Performance Analysis

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Atlantica Yield plc is rated fifth in mean deviation category among related companies. It is rated fourth in standard deviation category among related companies creating about  1.31  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for Atlantica Yield plc is roughly  1.31