SP BSE (India) Technical Analysis

SB
MFG -- India Index  

 368.01  0.97  0.26%

As of the 25th of May SP BSE owns Mean Deviation of 2.26 and Risk Adjusted Performance of (0.26). Macroaxis technical analysis interface makes it possible for you to check potential technical drivers of SP BSE INDIA as well as the relationship between them. Strictly speaking, you can use this information to find out if the index will indeed mirror its model of historical prices and volume patterns or the prices will eventually revert. We found nineteen technical drivers for SP BSE, which can be compared to its peers in the sector. Please validate SP BSE INDIA Mean Deviation, Downside Deviation, Standard Deviation, as well as the relationship between Semi Deviation and Coefficient Of Variation to decide if SP BSE INDIA MANUFACTURING IND is priced correctly providing market reflects its prevailing price of 368.01 per share.

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SP BSE INDIA Trend Analysis

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

SP BSE Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SP BSE INDIA MANUFACTURING IND applied against its price change over selected period. The best fit line has a slop of   -1.79  which may suggest that SP BSE INDIA MANUFACTURING IND market price will keep on failing further. It has 122 observation points and a regression sum of squares at 121418.97, which is the sum of squared deviations for the predicted SP BSE price change compared to its average price change.

About SP BSE 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 SP BSE INDIA MANUFACTURING IND 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 SP BSE INDIA MANUFACTURING IND based on its technical analysis. In general, a bottom-up approach, as applied to this index, focuses on SP BSE INDIA stock first instead of the macroeconomic environment surrounding SP BSE INDIA. By analyzing SP BSE'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 SP BSE'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 SP BSE specific price patterns or momentum indicators. Please read more on our technical analysis page.

SP BSE May 25, 2020 Technical Indicators

Additionally, see Stocks Correlation. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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