Atrenew Inc Drc Stock Technical Analysis

RERE Stock  USD 2.55  0.03  1.19%   
As of the 12th of June 2024, ATRenew shows the risk adjusted performance of 0.1491, and Mean Deviation of 4.14. Relative to fundamental indicators, the technical analysis model gives you tools to check practical technical drivers of ATRenew, as well as the relationship between them. Please confirm ATRenew Inc DRC information ratio, value at risk, as well as the relationship between the Value At Risk and expected short fall to decide if ATRenew Inc DRC is priced some-what accurately, providing market reflects its regular price of 2.55 per share. Please also double-check ATRenew Inc DRC total risk alpha, which is currently at 1.45 to validate the company can sustain itself at some point in the future.

ATRenew Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ATRenew, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ATRenew
  
ATRenew'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.

ATRenew Analyst Consensus

Target PriceAdvice# of Analysts
11.13Strong Buy1Odds
ATRenew Inc DRC current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most ATRenew 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 ATRenew stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of ATRenew Inc DRC, talking to its executives and customers, or listening to ATRenew conference calls.
ATRenew Analyst Advice Details
ATRenew 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 ATRenew technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of ATRenew 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...

ATRenew Inc DRC 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 ATRenew Inc DRC volatility. High ATR values indicate high volatility, and low values indicate low volatility.

ATRenew Inc DRC Trend Analysis

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

ATRenew Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ATRenew Inc DRC applied against its price change over selected period. The best fit line has a slop of   0.02  , which means ATRenew Inc DRC will continue generating value for investors. It has 122 observation points and a regression sum of squares at 14.53, which is the sum of squared deviations for the predicted ATRenew price change compared to its average price change.

About ATRenew 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 ATRenew Inc DRC 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 ATRenew Inc DRC based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ATRenew Inc DRC price pattern first instead of the macroeconomic environment surrounding ATRenew Inc DRC. By analyzing ATRenew'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 ATRenew'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 ATRenew specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Payables Turnover138.83103.5919.4218.45
Days Of Inventory On Hand30.4720.8335.9137.7

ATRenew June 12, 2024 Technical Indicators

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

ATRenew June 12, 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 ATRenew 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.

Complementary Tools for ATRenew Stock analysis

When running ATRenew's price analysis, check to measure ATRenew'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 ATRenew is operating at the current time. Most of ATRenew's value examination focuses on studying past and present price action to predict the probability of ATRenew's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ATRenew's price. Additionally, you may evaluate how the addition of ATRenew to your portfolios can decrease your overall portfolio volatility.
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