Richelieu Hardware Stock Technical Analysis

RHUHF Stock  USD 28.29  0.34  1.19%   
As of the 6th of May, Richelieu Hardware holds the Variance of 0.7815, risk adjusted performance of (0.15), and Coefficient Of Variation of (411.42). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Richelieu Hardware, 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 analyze and collected data for thirteen technical drivers for Richelieu Hardware, which can be compared to its competitors. Please check Richelieu Hardware mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Richelieu Hardware is priced some-what accurately, providing market reflects its current price of 28.29 per share. Given that Richelieu Hardware has information ratio of (0.33), we recommend you to check out Richelieu Hardware's recent market performance to make sure the company can sustain itself at a future point.

Richelieu Hardware Momentum Analysis

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

Richelieu Hardware Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was nine with a total number of output elements of fifty-two. 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 Richelieu Hardware volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Richelieu Hardware Trend Analysis

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

Richelieu Hardware Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Richelieu Hardware applied against its price change over selected period. The best fit line has a slop of   0.09  , which may suggest that Richelieu Hardware market price will keep on failing further. It has 122 observation points and a regression sum of squares at 308.53, which is the sum of squared deviations for the predicted Richelieu Hardware price change compared to its average price change.

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

Richelieu Hardware May 6, 2024 Technical Indicators

Most technical analysis of Richelieu 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 Richelieu from various momentum indicators to cycle indicators. When you analyze Richelieu 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, which includes a position in Richelieu Hardware. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Richelieu Hardware information on this page should be used as a complementary analysis to other Richelieu Hardware'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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

Complementary Tools for Richelieu Pink Sheet analysis

When running Richelieu Hardware's price analysis, check to measure Richelieu Hardware'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 Richelieu Hardware is operating at the current time. Most of Richelieu Hardware's value examination focuses on studying past and present price action to predict the probability of Richelieu Hardware's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Richelieu Hardware's price. Additionally, you may evaluate how the addition of Richelieu Hardware to your portfolios can decrease your overall portfolio volatility.
Theme Ratings
Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
CEOs Directory
Screen CEOs from public companies around the world
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Please note, there is a significant difference between Richelieu Hardware's value and its price as these two are different measures arrived at by different means. Investors typically determine if Richelieu Hardware is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Richelieu Hardware'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.