PATEL Technical Analysis

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PATELENG -- India Stock  

INR 14.71  0.14  0.94%

As of the 16th of July 2020, PATEL ENGINEERING holds the mean deviation of 4.04, market risk adjusted performance of 5.94, and coefficient of variation of 739.6. Concerning fundamental indicators, the technical analysis model allows you to check practical technical drivers of PATEL ENGINEERING, as well as the relationship between them. Put it differently, you can use this information to find out if the entity will indeed mirror its model of past market data, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for PATEL ENGINEERING LTD, which can be compared to its competitors. Please check PATEL ENGINEERING LTD jensen alpha, potential upside, as well as the relationship between the Potential Upside and skewness to decide if PATEL ENGINEERING LTD is priced more or less accurately, providing market reflects its current price of 14.71 per share.

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PATEL ENGINEERING 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 PATEL ENGINEERING technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of PATEL ENGINEERING 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...


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The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 PATEL ENGINEERING LTD volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.


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


The following chart estimates an ordinary least squares regression model for PATEL ENGINEERING LTD applied against its price change over selected period. The best fit line has a slop of   0.08  , which means PATEL ENGINEERING LTD will continue generating value for investors. It has 122 observation points and a regression sum of squares at 234.67, which is the sum of squared deviations for the predicted PATEL ENGINEERING price change compared to its average price change.

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

PATEL ENGINEERING July 16, 2020 Technical Indicators

Most technical analysis of PATEL stock 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 PATEL from various momentum indicators to cycle indicators. When you analyze PATEL 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 Performance0.2505
Market Risk Adjusted Performance5.94
Mean Deviation4.04
Semi Deviation4.24
Downside Deviation5.41
Coefficient Of Variation739.6
Standard Deviation5.92
Information Ratio0.0969
Jensen Alpha0.7615
Total Risk Alpha0.0791
Sortino Ratio0.106
Treynor Ratio5.93
Maximum Drawdown33.36
Value At Risk(9.28)
Potential Upside10.0
Downside Variance29.29
Semi Variance17.98
Expected Short fall(4.60)
Please check Your Equity Center. Please also try Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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