Proto Labs Stock Technical Analysis

PRLB Stock  USD 35.80  0.42  1.19%   
As of the 28th of March, Proto Labs holds the Risk Adjusted Performance of (0.03), coefficient of variation of (1,469), and Variance of 4.84. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Proto Labs, 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 break down and interpolate thirteen technical drivers for Proto Labs, which can be compared to its competitors. Please check Proto Labs market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Proto Labs is priced some-what accurately, providing market reflects its current price of 35.8 per share. Given that Proto Labs has information ratio of (0.13), we recommend you to check out Proto Labs's recent market performance to make sure the company can sustain itself at a future point.

Proto Labs Momentum Analysis

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

Proto Labs Analyst Consensus

Target PriceAdvice# of Analysts
40.67Buy4Odds
Proto Labs current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Proto 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 Proto stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Proto Labs, talking to its executives and customers, or listening to Proto conference calls.
Proto Analyst Advice Details
Proto Labs 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 Proto Labs technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Proto Labs 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...

Proto Labs Technical Analysis

Indicator
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Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Proto Labs volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Proto Labs Trend Analysis

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

Proto Labs Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Proto Labs applied against its price change over selected period. The best fit line has a slop of   0.03  , which may suggest that Proto Labs market price will keep on failing further. It has 122 observation points and a regression sum of squares at 31.31, which is the sum of squared deviations for the predicted Proto Labs price change compared to its average price change.

About Proto Labs 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 Proto Labs 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 Proto Labs based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Proto Labs price pattern first instead of the macroeconomic environment surrounding Proto Labs. By analyzing Proto Labs'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 Proto Labs'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 Proto Labs specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.0041340.0024040.0037590.002428
Price To Sales Ratio2.911.432.021.92

Proto Labs March 28, 2024 Technical Indicators

Most technical analysis of Proto 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 Proto from various momentum indicators to cycle indicators. When you analyze Proto 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.
When determining whether Proto Labs offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Proto Labs' 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 Proto Labs Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Proto Labs Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Proto Labs. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Proto Stock refer to our How to Trade Proto Stock guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Proto Stock analysis

When running Proto Labs' price analysis, check to measure Proto Labs' 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 Proto Labs is operating at the current time. Most of Proto Labs' value examination focuses on studying past and present price action to predict the probability of Proto Labs' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Proto Labs' price. Additionally, you may evaluate how the addition of Proto Labs to your portfolios can decrease your overall portfolio volatility.
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Is Proto Labs' 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 Proto Labs. If investors know Proto 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 Proto Labs 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
1.183
Earnings Share
0.66
Revenue Per Share
19.242
Quarterly Revenue Growth
0.082
Return On Assets
0.0225
The market value of Proto Labs is measured differently than its book value, which is the value of Proto that is recorded on the company's balance sheet. Investors also form their own opinion of Proto Labs' value that differs from its market value or its book value, called intrinsic value, which is Proto Labs' 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 Proto Labs' market value can be influenced by many factors that don't directly affect Proto Labs' 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 Proto Labs' value and its price as these two are different measures arrived at by different means. Investors typically determine if Proto Labs is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Proto Labs' 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.