As of 20 of October BIOTRON shows Mean Deviation of 3.54 and Risk Adjusted Performance of 0.053. BIOTRON 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 future prices. In plain English 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 found nineteen technical drivers for BIOTRON which can be compared to its rivals. Please confirm BIOTRONJensen Alpha as well as the relationship between Potential Upside and Skewness to decide if BIOTRON is priced favorably providing market reflects its regular price of 0.052 per share. As BIOTRON appears to be a penny stock we also recommend to validate its Total Risk Alpha numbers.
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 BIOTRON volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.
BIOTRON Trend Analysis
Use this graph to draw trend lines for BIOTRON. You can use it to identify possible trend reversals for BIOTRON 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 BIOTRON price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
BIOTRON Best Fit Change Line
The following chart estimates an ordinary least squares regression model for BIOTRON applied against its price change over selected period. The best fit line has a slop of 0.0004 which may suggest that BIOTRON market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted BIOTRON price change compared to its average price change.