Cardano Technical Analysis
| ADA Crypto | USD 0.45 0.01 2.17% |
As of the 18th of April 2024, Cardano shows the Standard Deviation of 4.55, mean deviation of 3.26, and Risk Adjusted Performance of 0.0011. Cardano technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Cardano, which can be compared to its peers. Please confirm Cardano value at risk, skewness, and the relationship between the maximum drawdown and potential upside to decide if Cardano is priced correctly, providing market reflects its regular price of 0.45 per share.
Cardano Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cardano, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CardanoCardano |
Cardano technical crypto coin 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, crypto market cycles, or different charting patterns.
Cardano Technical Analysis
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 Cardano volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cardano Trend Analysis
Use this graph to draw trend lines for Cardano. You can use it to identify possible trend reversals for Cardano 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 Cardano price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cardano Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cardano applied against its price change over selected period. The best fit line has a slop of 0.0003 , which means Cardano will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Cardano price change compared to its average price change.About Cardano 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 Cardano 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 Cardano based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Cardano price pattern first instead of the macroeconomic environment surrounding Cardano. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Cardano's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Cardano specific price patterns or momentum indicators.
Cardano April 18, 2024 Technical Indicators
Most technical analysis of Cardano 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 Cardano from various momentum indicators to cycle indicators. When you analyze Cardano 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 | 0.0011 | |||
| Market Risk Adjusted Performance | (0.04) | |||
| Mean Deviation | 3.26 | |||
| Coefficient Of Variation | (8,353) | |||
| Standard Deviation | 4.55 | |||
| Variance | 20.71 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.05) | |||
| Maximum Drawdown | 24.35 | |||
| Value At Risk | (9.59) | |||
| Potential Upside | 7.25 | |||
| Skewness | (0.85) | |||
| Kurtosis | 1.65 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardano. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Cardano information on this page should be used as a complementary analysis to other Cardano's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.