Kongsberg Automotive Asa Stock Technical Analysis

KGAUF Stock  USD 0.14  0.02  16.67%   
As of the 24th of April, Kongsberg Automotive secures the Mean Deviation of 1.8, risk adjusted performance of (0.05), and Standard Deviation of 4.94. Kongsberg Automotive ASA technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. 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 are able to break down and analyze data for twelve technical drivers for Kongsberg Automotive, which can be compared to its peers in the industry. Please verify Kongsberg Automotive ASA total risk alpha and skewness to decide if Kongsberg Automotive ASA is priced some-what accurately, providing market reflects its recent price of 0.14 per share. As Kongsberg Automotive ASA appears to be a penny stock we also strongly suggest to check its jensen alpha numbers.

Kongsberg Automotive Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Kongsberg, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Kongsberg
  
Kongsberg Automotive's 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.
Kongsberg Automotive technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Kongsberg Automotive technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Kongsberg Automotive 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...

Kongsberg Automotive ASA Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Kongsberg Automotive ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Kongsberg Automotive ASA Trend Analysis

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

Kongsberg Automotive Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Kongsberg Automotive ASA applied against its price change over selected period. The best fit line has a slop of   0.0015  , which may suggest that Kongsberg Automotive ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.09, which is the sum of squared deviations for the predicted Kongsberg Automotive price change compared to its average price change.

About Kongsberg Automotive 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 Kongsberg Automotive ASA 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 Kongsberg Automotive ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Kongsberg Automotive ASA price pattern first instead of the macroeconomic environment surrounding Kongsberg Automotive ASA. By analyzing Kongsberg Automotive'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 Kongsberg Automotive'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 Kongsberg Automotive specific price patterns or momentum indicators. Please read more on our technical analysis page.

Kongsberg Automotive April 24, 2024 Technical Indicators

Most technical analysis of Kongsberg 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 Kongsberg from various momentum indicators to cycle indicators. When you analyze Kongsberg 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kongsberg Automotive ASA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Kongsberg Pink Sheet analysis

When running Kongsberg Automotive's price analysis, check to measure Kongsberg Automotive'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 Kongsberg Automotive is operating at the current time. Most of Kongsberg Automotive's value examination focuses on studying past and present price action to predict the probability of Kongsberg Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kongsberg Automotive's price. Additionally, you may evaluate how the addition of Kongsberg Automotive to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Kongsberg Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kongsberg Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kongsberg Automotive's 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.