Prudential Government Income Fund Technical Analysis

PGIQX Fund  USD 7.75  0.04  0.52%   
As of the 4th of June, Prudential Government holds the Risk Adjusted Performance of (0), semi deviation of 0.3413, and Coefficient Of Variation of 13404.64. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Prudential Government, as well as the relationship between them. Put it differently, you can use this information to find out if the fund will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and collect data for nineteen technical drivers for Prudential Government, which can be compared to its competitors. Please check Prudential Government jensen alpha and semi variance to decide if Prudential Government is priced some-what accurately, providing market reflects its current price of 7.75 per share.

Prudential Government Momentum Analysis

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

Prudential Government Technical Analysis

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The output start index for this execution was thirty with a total number of output elements of thirty-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 Prudential Government volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Prudential Government Trend Analysis

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

Prudential Government Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Prudential Government Income applied against its price change over selected period. The best fit line has a slop of   0.0011  , which may suggest that Prudential Government Income market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.04, which is the sum of squared deviations for the predicted Prudential Government price change compared to its average price change.