Giga Tronics Stock Technical Analysis

GIGADelisted Stock  USD 0.17  0.03  15.00%   
As of the 18th of April 2024, Giga Tronics retains the Downside Deviation of 12.26, risk adjusted performance of 0.0205, and Market Risk Adjusted Performance of 0.2019. Giga Tronics 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 analyze and collect data for nineteen technical drivers for Giga tronics, which can be compared to its competitors. Please check out Giga tronics coefficient of variation, jensen alpha, potential upside, as well as the relationship between the variance and maximum drawdown to decide if Giga Tronics is priced fairly, providing market reflects its last-minute price of 0.17 per share. As Giga tronics appears to be a penny stock we also urge to confirm its total risk alpha numbers.

Giga Tronics Momentum Analysis

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

Giga tronics Technical Analysis

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Giga tronics Trend Analysis

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

Giga Tronics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Giga tronics applied against its price change over selected period. The best fit line has a slop of   0.0008  , which means Giga tronics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Giga Tronics price change compared to its average price change.

About Giga Tronics 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 Giga tronics 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 Giga tronics based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on Giga tronics price pattern first instead of the macroeconomic environment surrounding Giga tronics. By analyzing Giga Tronics'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 Giga Tronics'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 Giga Tronics specific price patterns or momentum indicators. Please read more on our technical analysis page.

Giga Tronics April 18, 2024 Technical Indicators

Most technical analysis of Giga 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 Giga from various momentum indicators to cycle indicators. When you analyze Giga 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Giga tronics information on this page should be used as a complementary analysis to other Giga Tronics' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Other Consideration for investing in Giga OTC Stock

If you are still planning to invest in Giga tronics check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Giga Tronics' history and understand the potential risks before investing.
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