Atlas Copco (Sweden) Technical Analysis

ATCO-B Stock  SEK 173.20  0.45  0.26%   
As of the 15th of May 2024, Atlas Copco shows the Downside Deviation of 1.18, risk adjusted performance of 0.1089, and Mean Deviation of 1.1. Atlas Copco AB 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 nineteen technical drivers for Atlas Copco AB, which can be compared to its peers. Please confirm Atlas Copco AB variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if Atlas Copco AB is priced correctly, providing market reflects its regular price of 173.2 per share.

Atlas Copco Momentum Analysis

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

Atlas Copco AB Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Atlas Copco AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Atlas Copco AB Trend Analysis

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

Atlas Copco Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Atlas Copco AB applied against its price change over selected period. The best fit line has a slop of   0.30  , which means Atlas Copco AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3301.46, which is the sum of squared deviations for the predicted Atlas Copco price change compared to its average price change.

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

Atlas Copco May 15, 2024 Technical Indicators

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

Atlas Copco May 15, 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 Atlas 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Atlas Copco AB. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Atlas Stock analysis

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