SHREE Technical Analysis

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SSWRL -- India Stock  

INR 12.00  0.00  0.00%

As of the 26th of May SHREE STEEL has Coefficient Of Variation of 6879.88 and Risk Adjusted Performance of 0.0623. In connection with Fundamental Indicators, Macroaxis technical analysis interface makes it possible for you to check practical technical drivers of SHREE STEEL WIRE as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data or the prices will eventually revert. We found nineteen technical drivers for SHREE STEEL WIRE, which can be compared to its competition. Please validate SHREE STEEL WIRE Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if SHREE STEEL is priced adequately providing market reflects its prevalent price of 12.0 per share.

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SHREE STEEL WIRE Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. The Normalized Average True Range is used to analyze tradable apportunities for SHREE STEEL WIRE across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.


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

SHREE STEEL Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SHREE STEEL WIRE applied against its price change over selected period. The best fit line has a slop of   -0.01  which may suggest that SHREE STEEL WIRE market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.31, which is the sum of squared deviations for the predicted SHREE STEEL price change compared to its average price change.

About SHREE STEEL Technical Analysis

The Macroaxis 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 SHREE STEEL WIRE 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 SHREE STEEL WIRE based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on SHREE STEEL WIRE stock first instead of the macroeconomic environment surrounding SHREE STEEL WIRE. By analyzing SHREE STEEL's financials, daily price indicators, and its related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of SHREE STEEL'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 SHREE STEEL specific price patterns or momentum indicators. Please read more on our technical analysis page.

SHREE STEEL May 26, 2020 Technical Indicators

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