Purple Technical Analysis

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PURPLE -- India Stock  

INR 20.05  0.000001  0.00%

As of the 3rd of June Purple Entertainment holds Risk Adjusted Performance of 0.4371 and Coefficient Of Variation of 812.4. Compared with Fundamental Indicators, Macroaxis technical analysis interface allows you to check existing technical drivers of Purple Entertainment 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 Purple Entertainment, which can be compared to its competitors. Please check Purple Entertainment Information Ratio, Potential Upside as well as the relationship between Potential Upside and Kurtosis to decide if Purple Entertainment is priced some-what accurately providing market reflects its current price of 20.05 per share.

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

Purple Entertainment Technical Analysis

Indicator
The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of Purple Entertainment volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

Purple Entertainment Trend Analysis

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

Purple Entertainment Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Purple Entertainment Limited applied against its price change over selected period. The best fit line has a slop of   0.007033  which means Purple Entertainment Limited will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.87, which is the sum of squared deviations for the predicted Purple Entertainment price change compared to its average price change.

About Purple Entertainment 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 Purple Entertainment Limited 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 Purple Entertainment Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Purple Entertainment stock first instead of the macroeconomic environment surrounding Purple Entertainment. By analyzing Purple Entertainment'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 Purple Entertainment'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 Purple Entertainment specific price patterns or momentum indicators. Please read more on our technical analysis page.
Purple Entertainment Limited engages in the entertainment related activities. The company was incorporated in 1974 and is based in Ahmedabad, India. Purple Entertainment is traded on Bombay Stock Exchange in India.

Purple Entertainment June 3, 2020 Technical Indicators

Please check Your Equity Center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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