Signet Jewelers Stock Technical Analysis

SIG Stock  USD 100.07  0.64  0.64%   
As of the 28th of March, Signet Jewelers has the Variance of 5.83, risk adjusted performance of 0.0024, and Coefficient Of Variation of (10,568). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Signet Jewelers, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Signet Jewelers, which can be compared to its competition. Please validate Signet Jewelers standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and kurtosis to decide if Signet Jewelers is priced more or less accurately, providing market reflects its prevalent price of 100.07 per share. Given that Signet Jewelers has information ratio of (0.07), we advise you to double-check Signet Jewelers's current market performance to make sure the company can sustain itself at a future point.

Signet Jewelers Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Signet, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Signet
  
Signet Jewelers' 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.

Signet Jewelers Analyst Consensus

Target PriceAdvice# of Analysts
88.0Buy7Odds
Signet Jewelers current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Signet analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Signet stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Signet Jewelers, talking to its executives and customers, or listening to Signet conference calls.
Signet Analyst Advice Details
Signet Jewelers 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 Signet Jewelers technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Signet Jewelers 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...

Signet Jewelers 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 Signet Jewelers volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Signet Jewelers Trend Analysis

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

Signet Jewelers Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Signet Jewelers applied against its price change over selected period. The best fit line has a slop of   0.03  , which may imply that the returns on investment in Signet Jewelers will continue to fail. It has 122 observation points and a regression sum of squares at 43.92, which is the sum of squared deviations for the predicted Signet Jewelers price change compared to its average price change.

About Signet Jewelers 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 Signet Jewelers 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 Signet Jewelers based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Signet Jewelers price pattern first instead of the macroeconomic environment surrounding Signet Jewelers. By analyzing Signet Jewelers'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 Signet Jewelers'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 Signet Jewelers specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2014 2020 2024 (projected)
Price Earnings Ratio17.3411.915.5625.38
Short Term Coverage Ratios12.21.281.342.9

Signet Jewelers March 28, 2024 Technical Indicators

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

Signet Jewelers March 28, 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 Signet 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.
When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signet Jewelers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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When running Signet Jewelers' price analysis, check to measure Signet Jewelers' 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 Signet Jewelers is operating at the current time. Most of Signet Jewelers' value examination focuses on studying past and present price action to predict the probability of Signet Jewelers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Signet Jewelers' price. Additionally, you may evaluate how the addition of Signet Jewelers to your portfolios can decrease your overall portfolio volatility.
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Is Signet Jewelers' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Signet Jewelers. If investors know Signet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Signet Jewelers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.138
Dividend Share
0.92
Earnings Share
15.01
Revenue Per Share
159.713
Quarterly Revenue Growth
(0.06)
The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Signet Jewelers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' 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.