Renewable Energy Group Stock Technical Analysis

REGIDelisted Stock  USD 61.50  0.00  0.00%   
As of the 19th of April, Renewable Energy holds the Downside Deviation of 0.1169, risk adjusted performance of 0.0716, and Standard Deviation of 0.159. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Renewable Energy, 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 were able to analyze and collect data for eighteen technical drivers for Renewable Energy, which can be compared to its competitors. Please check Renewable Energy information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if Renewable Energy is priced some-what accurately, providing market reflects its current price of 61.5 per share. Given that Renewable Energy has treynor ratio of 0.2896, we recommend you to check out Renewable Energy's recent market performance to make sure the company can sustain itself at a future point.

Renewable Energy Momentum Analysis

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

Renewable Energy Technical Analysis

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Renewable Energy Trend Analysis

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

Renewable Energy Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Renewable Energy Group applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Renewable Energy Group will continue generating value for investors. It has 100 observation points and a regression sum of squares at 4.49, which is the sum of squared deviations for the predicted Renewable Energy price change compared to its average price change.

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

Renewable Energy April 19, 2024 Technical Indicators

Most technical analysis of Renewable 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 Renewable from various momentum indicators to cycle indicators. When you analyze Renewable 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 Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
Note that the Renewable Energy information on this page should be used as a complementary analysis to other Renewable Energy's 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Other Consideration for investing in Renewable Stock

If you are still planning to invest in Renewable Energy 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 Renewable Energy's history and understand the potential risks before investing.
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