PUNJAB Technical Analysis

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PUNJCOMMU -- India Stock  

INR 14.96  0.71  4.98%

As of the 4th of June PUNJAB COMMUNICATIONS holds Semi Deviation of 4.6 and Risk Adjusted Performance of 0.3309. In connection with Fundamental Indicators, Macroaxis technical analysis interface allows you to check available technical drivers of PUNJAB COMMUNICATIONS as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for PUNJAB COMMUNICATIONS LTD, which can be compared to its competitors. Please check PUNJAB COMMUNICATIONS LTD Treynor Ratio as well as the relationship between Downside Variance and Kurtosis to decide if PUNJAB COMMUNICATIONS LTD is priced favorably providing market reflects its current price of 14.96 per share.

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PUNJAB COMMUNICATIONS 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 PUNJAB COMMUNICATIONS technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst, therefore, looks at the history of PUNJAB COMMUNICATIONS 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...

PUNJAB COMMUNICATIONS LTD Technical Analysis

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The output start index for this execution was twenty-two with a total number of output elements of thirty-nine. 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 PUNJAB COMMUNICATIONS 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.

PUNJAB COMMUNICATIONS LTD Trend Analysis

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

PUNJAB COMMUNICATIONS Best Fit Change Line

The following chart estimates an ordinary least squares regression model for PUNJAB COMMUNICATIONS LTD applied against its price change over selected period. The best fit line has a slop of   0.041081  which means PUNJAB COMMUNICATIONS LTD will continue generating value for investors. It has 122 observation points and a regression sum of squares at 63.83, which is the sum of squared deviations for the predicted PUNJAB COMMUNICATIONS price change compared to its average price change.

About PUNJAB COMMUNICATIONS 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 PUNJAB COMMUNICATIONS 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 PUNJAB COMMUNICATIONS LTD based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on PUNJAB COMMUNICATIONS LTD stock first instead of the macroeconomic environment surrounding PUNJAB COMMUNICATIONS LTD . By analyzing PUNJAB COMMUNICATIONS'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 PUNJAB COMMUNICATIONS'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 PUNJAB COMMUNICATIONS specific price patterns or momentum indicators. Please read more on our technical analysis page.
Punjab Communications Limited manufactures and sells telecommunication and IT equipment, and solutions in India. Punjab Communications Limited is a subsidiary of Punjab Information Communication Technology Corporation Limited. PUNJAB COMMUNICATIONS operates under Communication Equipment classification in India and is traded on Bombay Stock Exchange. It employs 214 people.

PUNJAB COMMUNICATIONS June 4, 2020 Technical Indicators

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