Dermtech Stock Technical Analysis

DMTK Stock  USD 0.70  0.01  1.41%   
As of the 29th of March, DermTech shows the Variance of 40.38, standard deviation of 6.35, and Mean Deviation of 4.34. DermTech technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 and analyze data for thirteen technical drivers for DermTech, which can be compared to its rivals. Please confirm DermTech information ratio and skewness to decide if DermTech is priced favorably, providing market reflects its regular price of 0.7 per share. As DermTech is a penny stock we also recommend to verify its jensen alpha numbers.

DermTech Momentum Analysis

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

DermTech Analyst Consensus

Target PriceAdvice# of Analysts
5.1Strong Buy6Odds
DermTech current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most DermTech 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 DermTech stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of DermTech, talking to its executives and customers, or listening to DermTech conference calls.
DermTech Analyst Advice Details
DermTech 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 DermTech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of DermTech 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...

DermTech Technical Analysis

Indicator
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Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 DermTech volatility. High ATR values indicate high volatility, and low values indicate low volatility.

DermTech Trend Analysis

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

DermTech Best Fit Change Line

The following chart estimates an ordinary least squares regression model for DermTech applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that DermTech market price will keep on failing further. It has 122 observation points and a regression sum of squares at 8.96, which is the sum of squared deviations for the predicted DermTech price change compared to its average price change.

About DermTech 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 DermTech 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 DermTech based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on DermTech price pattern first instead of the macroeconomic environment surrounding DermTech. By analyzing DermTech'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 DermTech'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 DermTech specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Price Book Value Ratio1.990.40.460.44
Operating Cycle135.2151.12136.0192.42

DermTech March 29, 2024 Technical Indicators

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

DermTech March 29, 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 DermTech 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.
When determining whether DermTech is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if DermTech Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Dermtech Stock. Highlighted below are key reports to facilitate an investment decision about Dermtech Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DermTech. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy DermTech Stock please use our How to buy in DermTech Stock guide.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running DermTech's price analysis, check to measure DermTech'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 DermTech is operating at the current time. Most of DermTech's value examination focuses on studying past and present price action to predict the probability of DermTech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DermTech's price. Additionally, you may evaluate how the addition of DermTech to your portfolios can decrease your overall portfolio volatility.
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Is DermTech's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DermTech. If investors know DermTech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DermTech listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(3.09)
Revenue Per Share
0.469
Quarterly Revenue Growth
0.311
Return On Assets
(0.38)
Return On Equity
(1.06)
The market value of DermTech is measured differently than its book value, which is the value of DermTech that is recorded on the company's balance sheet. Investors also form their own opinion of DermTech's value that differs from its market value or its book value, called intrinsic value, which is DermTech's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DermTech's market value can be influenced by many factors that don't directly affect DermTech's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DermTech's value and its price as these two are different measures arrived at by different means. Investors typically determine if DermTech is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DermTech'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.