Hurco Companies Stock Technical Analysis

HURC Stock  USD 20.16  0.26  1.31%   
As of the 28th of March, Hurco Companies retains the Risk Adjusted Performance of 6.0E-4, market risk adjusted performance of (0.02), and Standard Deviation of 3.49. Hurco Companies 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 were able to interpolate data for thirteen technical drivers for Hurco Companies, which can be compared to its competitors. Please check out Hurco Companies market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Hurco Companies is priced fairly, providing market reflects its last-minute price of 20.16 per share. Given that Hurco Companies has information ratio of (0.05), we strongly advise you to confirm Hurco Companies's regular market performance to make sure the company can sustain itself at a future point.

Hurco Companies Momentum Analysis

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

Hurco Companies Analyst Consensus

Target PriceAdvice# of Analysts
38.0Strong Sell0Odds
Hurco Companies current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Hurco 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 Hurco stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Hurco Companies, talking to its executives and customers, or listening to Hurco conference calls.
Hurco Analyst Advice Details
Hurco Companies 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 Hurco Companies technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hurco Companies 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...

Hurco Companies Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Hurco Companies volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Hurco Companies Trend Analysis

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

Hurco Companies Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hurco Companies applied against its price change over selected period. The best fit line has a slop of   0.03  , which may suggest that Hurco Companies market price will keep on failing further. It has 122 observation points and a regression sum of squares at 46.18, which is the sum of squared deviations for the predicted Hurco Companies price change compared to its average price change.

About Hurco Companies 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 Hurco Companies 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 Hurco Companies based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hurco Companies price pattern first instead of the macroeconomic environment surrounding Hurco Companies. By analyzing Hurco Companies'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 Hurco Companies'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 Hurco Companies specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.02580.03190.02870.0301
Price To Sales Ratio0.610.570.510.53

Hurco Companies March 28, 2024 Technical Indicators

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

Hurco Companies March 28, 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 Hurco 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 Hurco Companies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Hurco Companies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Hurco Companies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Hurco Companies Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hurco Companies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Hurco Stock refer to our How to Trade Hurco Stock guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Hurco Companies' price analysis, check to measure Hurco Companies' 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 Hurco Companies is operating at the current time. Most of Hurco Companies' value examination focuses on studying past and present price action to predict the probability of Hurco Companies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hurco Companies' price. Additionally, you may evaluate how the addition of Hurco Companies to your portfolios can decrease your overall portfolio volatility.
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Is Hurco Companies' 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 Hurco Companies. If investors know Hurco 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 Hurco Companies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.686
Dividend Share
0.64
Earnings Share
0.21
Revenue Per Share
33.702
Quarterly Revenue Growth
(0.18)
The market value of Hurco Companies is measured differently than its book value, which is the value of Hurco that is recorded on the company's balance sheet. Investors also form their own opinion of Hurco Companies' value that differs from its market value or its book value, called intrinsic value, which is Hurco Companies' 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 Hurco Companies' market value can be influenced by many factors that don't directly affect Hurco Companies' 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 Hurco Companies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hurco Companies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hurco Companies' 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.