Opal Balance (Israel) Technical Analysis
| OPAL Stock | ILS 155.50 2.60 1.70% |
As of the 16th of April 2024, Opal Balance holds the Risk Adjusted Performance of 0.0615, coefficient of variation of 1171.86, and Semi Deviation of 2.27. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Opal Balance, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Opal Balance, which can be compared to its competitors. Please check Opal Balance mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if Opal Balance is priced some-what accurately, providing market reflects its current price of 155.5 per share.
Opal Balance Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Opal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OpalOpal |
Opal Balance 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.
Opal Balance Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Opal Balance volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Opal Balance Trend Analysis
Use this graph to draw trend lines for Opal Balance. You can use it to identify possible trend reversals for Opal Balance 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 Opal Balance price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Opal Balance Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Opal Balance applied against its price change over selected period. The best fit line has a slop of 0.45 , which means Opal Balance will continue generating value for investors. It has 122 observation points and a regression sum of squares at 7579.68, which is the sum of squared deviations for the predicted Opal Balance price change compared to its average price change.About Opal Balance 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 Opal Balance 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 Opal Balance based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Opal Balance price pattern first instead of the macroeconomic environment surrounding Opal Balance. By analyzing Opal Balance'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 Opal Balance'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 Opal Balance specific price patterns or momentum indicators. Please read more on our technical analysis page.
Opal Balance April 16, 2024 Technical Indicators
Most technical analysis of Opal 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 Opal from various momentum indicators to cycle indicators. When you analyze Opal 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0615 | |||
| Market Risk Adjusted Performance | (0.53) | |||
| Mean Deviation | 2.08 | |||
| Semi Deviation | 2.27 | |||
| Downside Deviation | 2.54 | |||
| Coefficient Of Variation | 1171.86 | |||
| Standard Deviation | 3.07 | |||
| Variance | 9.41 | |||
| Information Ratio | 0.0649 | |||
| Jensen Alpha | 0.2765 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0783 | |||
| Treynor Ratio | (0.54) | |||
| Maximum Drawdown | 17.42 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 4.55 | |||
| Downside Variance | 6.47 | |||
| Semi Variance | 5.15 | |||
| Expected Short fall | (2.39) | |||
| Skewness | 1.27 | |||
| Kurtosis | 4.89 |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Opal Balance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Opal Stock analysis
When running Opal Balance's price analysis, check to measure Opal Balance'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 Opal Balance is operating at the current time. Most of Opal Balance's value examination focuses on studying past and present price action to predict the probability of Opal Balance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Opal Balance's price. Additionally, you may evaluate how the addition of Opal Balance to your portfolios can decrease your overall portfolio volatility.
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