Zhongsheng Group Holdings Stock Technical Analysis

ZSHGY Stock  USD 16.76  0.34  2.07%   
As of the 18th of April 2024, Zhongsheng Group maintains the Standard Deviation of 3.39, market risk adjusted performance of (0.60), and Mean Deviation of 1.8. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Zhongsheng Group Holdings, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Zhongsheng Group Holdings, which can be compared to its peers. Please check out Zhongsheng Group Holdings risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if Zhongsheng Group Holdings is priced fairly, providing market reflects its latest price of 16.76 per share. Given that Zhongsheng Group Holdings has information ratio of (0.10), we strongly advise you to confirm Zhongsheng Group Holdings's prevalent market performance to make sure the company can sustain itself at a future point.

Zhongsheng 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 Zhongsheng, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Zhongsheng
  
Zhongsheng 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.
Zhongsheng Group 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 Zhongsheng Group technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Zhongsheng 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...

Zhongsheng Group Holdings Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Zhongsheng Group Holdings volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Zhongsheng Group Holdings Trend Analysis

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

Zhongsheng Group Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Zhongsheng Group Holdings applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Zhongsheng Group Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5.95, which is the sum of squared deviations for the predicted Zhongsheng Group price change compared to its average price change.

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

Zhongsheng Group April 18, 2024 Technical Indicators

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

Zhongsheng Group April 18, 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 Zhongsheng 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 Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zhongsheng Group Holdings. 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 Zhongsheng Group Holdings information on this page should be used as a complementary analysis to other Zhongsheng Group'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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Zhongsheng Pink Sheet analysis

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