DNB ASA Technical Analysis

DNB ASA -- USA Stock  

USD 20.40  0.05  0.25%

DNB ASA owns Coefficient Of Variation of 10846.05, Market Risk Adjusted Performance of 0.0448 and Downside Deviation of 1.08. DNB ASA technical analysis allows you to utilize past data patterns in order to determine a pattern that computes the direction of the firm 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 found nineteen technical drivers for DNB ASA which can be compared to its peers in the sector. Please confirm DNB ASA Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if DNB ASA is priced favorably providing market reflects its prevailing price of 20.4 per share. Given that DNB ASA has Jensen Alpha of 0.00098843, we urge you verify DNB ASA latest market performance to make sure the company can sustain itself in the future.
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DNB ASA Technical Analysis

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The output start index for this execution was two with a total number of output elements of fifteen. 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 DNB ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

DNB ASA Trend Analysis

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

DNB ASA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for DNB ASA applied against its price change over selected period. The best fit line has a slop of 0.031544 % which means DNB ASA will continue generating value for investors. It has 34 observation points and a regression sum of squares at 0.81, which is the sum of squared deviations for the predicted DNB ASA price change compared to its average price change.

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DNB ASA is rated below average in mean deviation category among related companies. It is currently under evaluation in standard deviation category among related companies creating about  1.29  of Standard Deviation per Mean Deviation. The ratio of Standard Deviation to Mean Deviation for DNB ASA is roughly  1.29 

DNB ASA Market Strength

DNB ASA March 18, 2018 Daily Price Condition