China Evergrande Group Stock Technical Analysis

EGRNYDelisted Stock  USD 0.04  0.00  0.00%   
As of the 19th of April, China Evergrande shows the Risk Adjusted Performance of 0.0572, mean deviation of 4.27, and Standard Deviation of 17.43. China Evergrande technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate twelve technical drivers for China Evergrande Group, which can be compared to its peers. Please confirm China Evergrande coefficient of variation and potential upside to decide if China Evergrande is priced correctly, providing market reflects its regular price of 0.035 per share. As China Evergrande appears to be a penny stock we also recommend to validate its jensen alpha numbers.

China Evergrande Momentum Analysis

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

China Evergrande Technical Analysis

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China Evergrande Trend Analysis

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

China Evergrande Best Fit Change Line

The following chart estimates an ordinary least squares regression model for China Evergrande Group applied against its price change over selected period. The best fit line has a slop of   0.0001  , which may suggest that China Evergrande Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted China Evergrande price change compared to its average price change.

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

China Evergrande April 19, 2024 Technical Indicators

Most technical analysis of China 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 China from various momentum indicators to cycle indicators. When you analyze China 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 Investing Opportunities 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 board of governors.
You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

Other Consideration for investing in China Pink Sheet

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