Ontex Group (Belgium) Technical Analysis

ONTEX Stock  EUR 9.12  0.08  0.87%   
As of the 24th of April, Ontex Group holds the Coefficient Of Variation of 402.4, semi deviation of 0.6611, and Risk Adjusted Performance of 0.1612. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ontex Group, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Ontex Group NV, which can be compared to its competitors. Please check Ontex Group NV information ratio and downside variance to decide if Ontex Group NV is priced some-what accurately, providing market reflects its current price of 9.12 per share.

Ontex Group Momentum Analysis

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

Ontex Group NV Technical Analysis

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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 Ontex Group NV volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Ontex Group NV Trend Analysis

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

Ontex Group Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ontex Group NV applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Ontex Group NV will continue generating value for investors. It has 122 observation points and a regression sum of squares at 24.31, which is the sum of squared deviations for the predicted Ontex Group price change compared to its average price change.

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

Ontex Group April 24, 2024 Technical Indicators

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

Ontex Group April 24, 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 Ontex 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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ontex Group NV. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
You can also try the CEOs Directory module to screen CEOs from public companies around the world.

Complementary Tools for Ontex Stock analysis

When running Ontex Group's price analysis, check to measure Ontex Group'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 Ontex Group is operating at the current time. Most of Ontex Group's value examination focuses on studying past and present price action to predict the probability of Ontex Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ontex Group's price. Additionally, you may evaluate how the addition of Ontex Group to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ontex Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ontex Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ontex Group'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.