Lumax Industries (India) Technical Analysis Overview

    LUMAXIND -- India Stock  

    INR 1,655  29.65  1.76%

    Lumax Industries Limited secures Mean Deviation of 1.97 and Risk Adjusted Performance of 0.44. In connection with Fundamental Indicators, Macroaxis technical analysis interface lets you check existing technical drivers of Lumax Industries Limited as well as the relationship between them. Strictly speaking you can use this information to find out if the firm will indeed mirror its model of past prices or the prices will eventually revert. We found nineteen technical drivers for Lumax Industries which can be compared to its peers in the industry. Please verify Lumax Industries Limited Coefficient Of Variation, Treynor Ratio as well as the relationship between Treynor Ratio and Semi Variance to decide if Lumax Industries Limited is priced some-what accurately providing market reflects its recent price of 1654.9 per share.
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    Lumax Industries Limited Technical Analysis

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    Lumax Industries Limited Trend Analysis

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

    Lumax Industries Best Fit Change Line

    The following chart estimates an ordinary least squares regression model for Lumax Industries Limited applied against its price change over selected period. The best fit line has a slop of 15.27 % which may suggest that Lumax Industries Limited market price will keep on failing further. It has 34 observation points and a regression sum of squares at 190213.51, which is the sum of squared deviations for the predicted Lumax Industries price change compared to its average price change.

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    Lumax Industries Market Strength

    Lumax Industries November 15, 2018 Daily Price Condition

    Please see also Stocks Correlation. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.