Amcon Distributing Stock Technical Analysis

DIT Stock  USD 187.01  1.99  1.05%   
As of the 28th of March, AMCON Distributing owns the coefficient of variation of 3094.88, and Market Risk Adjusted Performance of (0.15). AMCON Distributing technical analysis gives you the methodology to make use of past data patterns to determine a pattern that approximates the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for AMCON Distributing, which can be compared to its peers in the sector. Please confirm AMCON Distributing standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if AMCON Distributing is priced correctly, providing market reflects its prevailing price of 187.01 per share. Given that AMCON Distributing has jensen alpha of 0.1244, we suggest you to validate AMCON Distributing's latest market performance to make sure the company can sustain itself in the future.

AMCON Distributing Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as AMCON, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AMCON
  
AMCON Distributing'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.
AMCON Distributing 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 AMCON Distributing technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of AMCON Distributing 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...

AMCON Distributing Technical Analysis

Indicator
Time Period
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The output start index for this execution was three with a total number of output elements of two hundred fifty-six. 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 AMCON Distributing volatility. High ATR values indicate high volatility, and low values indicate low volatility.

AMCON Distributing Trend Analysis

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

AMCON Distributing Best Fit Change Line

The following chart estimates an ordinary least squares regression model for AMCON Distributing applied against its price change over selected period. The best fit line has a slop of   0.01  , which may imply that AMCON Distributing will maintain its good market sentiment and make money for investors. It has 518 observation points and a regression sum of squares at 182.27, which is the sum of squared deviations for the predicted AMCON Distributing price change compared to its average price change.

About AMCON Distributing 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 AMCON Distributing 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 AMCON Distributing based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on AMCON Distributing price pattern first instead of the macroeconomic environment surrounding AMCON Distributing. By analyzing AMCON Distributing'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 AMCON Distributing'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 AMCON Distributing specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.02890.02940.03380.0248
Price To Sales Ratio0.05930.04740.04260.0269

AMCON Distributing March 28, 2024 Technical Indicators

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

AMCON Distributing March 28, 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 AMCON 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 AMCON Distributing is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if AMCON Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Amcon Distributing Stock. Highlighted below are key reports to facilitate an investment decision about Amcon Distributing Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in AMCON Distributing. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more information on how to buy AMCON Stock please use our How to Invest in AMCON Distributing guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

Complementary Tools for AMCON Stock analysis

When running AMCON Distributing's price analysis, check to measure AMCON Distributing'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 AMCON Distributing is operating at the current time. Most of AMCON Distributing's value examination focuses on studying past and present price action to predict the probability of AMCON Distributing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AMCON Distributing's price. Additionally, you may evaluate how the addition of AMCON Distributing to your portfolios can decrease your overall portfolio volatility.
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Is AMCON Distributing'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 AMCON Distributing. If investors know AMCON 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 AMCON Distributing 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
(0.60)
Dividend Share
0.72
Earnings Share
16.77
Revenue Per Share
3.5 K
Quarterly Revenue Growth
0.163
The market value of AMCON Distributing is measured differently than its book value, which is the value of AMCON that is recorded on the company's balance sheet. Investors also form their own opinion of AMCON Distributing's value that differs from its market value or its book value, called intrinsic value, which is AMCON Distributing'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 AMCON Distributing's market value can be influenced by many factors that don't directly affect AMCON Distributing'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 AMCON Distributing's value and its price as these two are different measures arrived at by different means. Investors typically determine if AMCON Distributing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AMCON Distributing'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.