Journey Medical Corp Stock Technical Analysis

DERM Stock  USD 3.68  0.21  5.40%   
As of the 29th of March, Journey Medical retains the Risk Adjusted Performance of (0.07), standard deviation of 6.44, and Market Risk Adjusted Performance of (0.46). Journey Medical technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Journey Medical Corp, which can be compared to its competitors. Please check out Journey Medical Corp market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Journey Medical is priced fairly, providing market reflects its last-minute price of 3.68 per share. Given that Journey Medical Corp has information ratio of (0.17), we strongly advise you to confirm Journey Medical Corp's regular market performance to make sure the company can sustain itself at a future point.

Journey Medical Momentum Analysis

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

Journey Medical Analyst Consensus

Target PriceAdvice# of Analysts
6.5Strong Buy2Odds
Journey Medical Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Journey 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 Journey stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Journey Medical Corp, talking to its executives and customers, or listening to Journey conference calls.
Journey Analyst Advice Details
Journey Medical 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 Journey Medical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Journey Medical 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...

Journey Medical Corp Technical Analysis

Indicator
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Execute Indicator
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 Journey Medical Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Journey Medical Corp Trend Analysis

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

Journey Medical Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Journey Medical Corp applied against its price change over selected period. The best fit line has a slop of   0.04  , which may suggest that Journey Medical Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 50.36, which is the sum of squared deviations for the predicted Journey Medical price change compared to its average price change.

About Journey Medical 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 Journey Medical Corp 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 Journey Medical Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Journey Medical Corp price pattern first instead of the macroeconomic environment surrounding Journey Medical Corp. By analyzing Journey Medical'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 Journey Medical'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 Journey Medical specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Operating Cycle245.81307.69232.89221.25
Price To Sales Ratio0.870.461.331.26

Journey Medical March 29, 2024 Technical Indicators

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

Journey Medical March 29, 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 Journey 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 Journey Medical Corp is a strong investment it is important to analyze Journey Medical's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Journey Medical's future performance. For an informed investment choice regarding Journey Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Journey Medical Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Journey Stock analysis

When running Journey Medical's price analysis, check to measure Journey Medical'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 Journey Medical is operating at the current time. Most of Journey Medical's value examination focuses on studying past and present price action to predict the probability of Journey Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Journey Medical's price. Additionally, you may evaluate how the addition of Journey Medical to your portfolios can decrease your overall portfolio volatility.
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Is Journey Medical'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 Journey Medical. If investors know Journey 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 Journey Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.69)
Revenue Per Share
4.343
Quarterly Revenue Growth
(0.04)
Return On Assets
0.0074
Return On Equity
(0.21)
The market value of Journey Medical Corp is measured differently than its book value, which is the value of Journey that is recorded on the company's balance sheet. Investors also form their own opinion of Journey Medical's value that differs from its market value or its book value, called intrinsic value, which is Journey Medical'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 Journey Medical's market value can be influenced by many factors that don't directly affect Journey Medical'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 Journey Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Journey Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Journey Medical'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.