Hogy Medical Coltd Stock Technical Analysis

HGYMF Stock  USD 24.34  0.00  0.00%   
As of the 25th of April, Hogy Medical retains the Standard Deviation of 53.4, risk adjusted performance of 0.0864, and Market Risk Adjusted Performance of 4.07. Hogy Medical technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We have collected data for eleven technical drivers for Hogy Medical CoLtd, which can be compared to its competitors. Please check out Hogy Medical CoLtd coefficient of variation and treynor ratio to decide if Hogy Medical is priced fairly, providing market reflects its last-minute price of 24.34 per share. Given that Hogy Medical CoLtd has variance of 2852.01, we strongly advise you to confirm Hogy Medical CoLtd's regular market performance to make sure the company can sustain itself at a future point.

Hogy Medical Momentum Analysis

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

Hogy Medical CoLtd Technical Analysis

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Hogy Medical CoLtd Trend Analysis

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

Hogy Medical Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hogy Medical CoLtd applied against its price change over selected period. The best fit line has a slop of   0.48  , which means Hogy Medical CoLtd will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8882.09, which is the sum of squared deviations for the predicted Hogy Medical price change compared to its average price change.

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

Hogy Medical April 25, 2024 Technical Indicators

Most technical analysis of Hogy 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 Hogy from various momentum indicators to cycle indicators. When you analyze Hogy 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.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Complementary Tools for Hogy OTC Stock analysis

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