Tennant Company Stock Technical Analysis
TNC Stock | USD 117.31 1.24 1.05% |
As of the 25th of April, Tennant has the Coefficient Of Variation of 379.21, risk adjusted performance of 0.1705, and Semi Deviation of 0.7774. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tennant Company, 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 interpolate nineteen technical drivers for Tennant Company, which can be compared to its competition. Please validate Tennant Company variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Tennant is priced more or less accurately, providing market reflects its prevalent price of 117.31 per share. Given that Tennant Company has jensen alpha of 0.2974, we advise you to double-check Tennant Company's current market performance to make sure the company can sustain itself at a future point.
Tennant Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tennant, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TennantTennant |
Tennant Analyst Consensus
Target Price | Advice | # of Analysts | |
103.33 | Strong Buy | 3 | Odds |
Most Tennant 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 Tennant stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Tennant Company, talking to its executives and customers, or listening to Tennant conference calls.
Tennant 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.
Tennant Company Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Tennant Company volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Tennant Company Trend Analysis
Use this graph to draw trend lines for Tennant Company. You can use it to identify possible trend reversals for Tennant 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 Tennant price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Tennant Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Tennant Company applied against its price change over selected period. The best fit line has a slop of 0.46 , which may imply that Tennant Company will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 7973.83, which is the sum of squared deviations for the predicted Tennant price change compared to its average price change.About Tennant 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 Tennant Company 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 Tennant Company based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Tennant Company price pattern first instead of the macroeconomic environment surrounding Tennant Company. By analyzing Tennant'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 Tennant'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 Tennant specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0117 | 0.0166 | 0.0212 | Price To Sales Ratio | 1.37 | 1.04 | 0.82 |
Tennant April 25, 2024 Technical Indicators
Most technical analysis of Tennant 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 Tennant from various momentum indicators to cycle indicators. When you analyze Tennant 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1705 | |||
Market Risk Adjusted Performance | 0.3184 | |||
Mean Deviation | 1.22 | |||
Semi Deviation | 0.7774 | |||
Downside Deviation | 1.14 | |||
Coefficient Of Variation | 379.21 | |||
Standard Deviation | 1.6 | |||
Variance | 2.55 | |||
Information Ratio | 0.204 | |||
Jensen Alpha | 0.2974 | |||
Total Risk Alpha | 0.1927 | |||
Sortino Ratio | 0.2851 | |||
Treynor Ratio | 0.3084 | |||
Maximum Drawdown | 6.87 | |||
Value At Risk | (2.00) | |||
Potential Upside | 3.72 | |||
Downside Variance | 1.31 | |||
Semi Variance | 0.6044 | |||
Expected Short fall | (1.54) | |||
Skewness | 0.6841 | |||
Kurtosis | 0.3519 |
Tennant April 25, 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 Tennant 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.
Accumulation Distribution | 2,487 | ||
Daily Balance Of Power | (0.41) | ||
Rate Of Daily Change | 0.99 | ||
Day Median Price | 118.21 | ||
Day Typical Price | 117.91 | ||
Price Action Indicator | (1.51) |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tennant Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Tennant Stock analysis
When running Tennant's price analysis, check to measure Tennant'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 Tennant is operating at the current time. Most of Tennant's value examination focuses on studying past and present price action to predict the probability of Tennant's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tennant's price. Additionally, you may evaluate how the addition of Tennant to your portfolios can decrease your overall portfolio volatility.
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing |
Is Tennant's 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 Tennant. If investors know Tennant 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 Tennant 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 0.28 | Dividend Share 1.075 | Earnings Share 5.83 | Revenue Per Share 67.187 | Quarterly Revenue Growth 0.07 |
The market value of Tennant Company is measured differently than its book value, which is the value of Tennant that is recorded on the company's balance sheet. Investors also form their own opinion of Tennant's value that differs from its market value or its book value, called intrinsic value, which is Tennant's 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 Tennant's market value can be influenced by many factors that don't directly affect Tennant's 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 Tennant's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tennant is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tennant'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.