Trueblue Stock Technical Analysis
| TBI Stock | USD 10.99 0.12 1.10% |
As of the 25th of April, TrueBlue has the Variance of 7.16, risk adjusted performance of (0.07), and Coefficient Of Variation of (761.12). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of TrueBlue, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed thirteen technical drivers for TrueBlue, which can be compared to its competition. Please validate TrueBlue market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if TrueBlue is priced more or less accurately, providing market reflects its prevalent price of 10.99 per share. Given that TrueBlue has information ratio of (0.17), we advise you to double-check TrueBlue's current market performance to make sure the company can sustain itself at a future point.
TrueBlue Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TrueBlue, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TrueBlueTrueBlue |
TrueBlue Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 20.0 | Buy | 3 | Odds |
Most TrueBlue analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand TrueBlue stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of TrueBlue, talking to its executives and customers, or listening to TrueBlue conference calls.
TrueBlue 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.
TrueBlue Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 TrueBlue volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TrueBlue Trend Analysis
Use this graph to draw trend lines for TrueBlue. You can use it to identify possible trend reversals for TrueBlue 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 TrueBlue price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TrueBlue Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TrueBlue applied against its price change over selected period. The best fit line has a slop of 0.04 , which may imply that the returns on investment in TrueBlue will continue to fail. It has 122 observation points and a regression sum of squares at 69.25, which is the sum of squared deviations for the predicted TrueBlue price change compared to its average price change.About TrueBlue 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 TrueBlue 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 TrueBlue based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TrueBlue price pattern first instead of the macroeconomic environment surrounding TrueBlue. By analyzing TrueBlue'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 TrueBlue'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 TrueBlue specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | PTB Ratio | 1.21 | 1.15 | Dividend Yield | 4.24E-4 | 6.14E-4 |
TrueBlue April 25, 2024 Technical Indicators
Most technical analysis of TrueBlue 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 TrueBlue from various momentum indicators to cycle indicators. When you analyze TrueBlue 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 Performance | (0.07) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 1.87 | |||
| Coefficient Of Variation | (761.12) | |||
| Standard Deviation | 2.68 | |||
| Variance | 7.16 | |||
| Information Ratio | (0.17) | |||
| Jensen Alpha | (0.48) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 14.12 | |||
| Value At Risk | (3.36) | |||
| Potential Upside | 3.43 | |||
| Skewness | (1.58) | |||
| Kurtosis | 4.82 |
TrueBlue April 25, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as TrueBlue stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 9,577 | ||
| Daily Balance Of Power | 0.39 | ||
| Rate Of Daily Change | 1.01 | ||
| Day Median Price | 10.85 | ||
| Day Typical Price | 10.89 | ||
| Price Action Indicator | 0.21 |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TrueBlue. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. For more detail on how to invest in TrueBlue Stock please use our How to Invest in TrueBlue guide.Note that the TrueBlue information on this page should be used as a complementary analysis to other TrueBlue's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for TrueBlue Stock analysis
When running TrueBlue's price analysis, check to measure TrueBlue'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 TrueBlue is operating at the current time. Most of TrueBlue's value examination focuses on studying past and present price action to predict the probability of TrueBlue's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TrueBlue's price. Additionally, you may evaluate how the addition of TrueBlue to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
Is TrueBlue's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TrueBlue. If investors know TrueBlue will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TrueBlue listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.63) | Earnings Share (0.45) | Revenue Per Share 60.869 | Quarterly Revenue Growth (0.12) | Return On Assets (0) |
The market value of TrueBlue is measured differently than its book value, which is the value of TrueBlue that is recorded on the company's balance sheet. Investors also form their own opinion of TrueBlue's value that differs from its market value or its book value, called intrinsic value, which is TrueBlue's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TrueBlue's market value can be influenced by many factors that don't directly affect TrueBlue's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TrueBlue's value and its price as these two are different measures arrived at by different means. Investors typically determine if TrueBlue is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TrueBlue'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.