SP BSE (India) Technical Analysis

SB
TELCOM -- India Index  

 1,261  3.00  0.24%

As of the 3rd of June SP BSE owns Risk Adjusted Performance of 0.2496, Downside Deviation of 5.44 and Mean Deviation of 3.38. Macroaxis technical analysis interface makes it possible for you to check potential technical drivers of SP BSE TELECOM 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 TELECOM Coefficient Of Variation as well as the relationship between Treynor Ratio and Semi Variance to decide if SP BSE TELECOM is priced correctly providing market reflects its prevailing price of 1261.08 per share.

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

SP BSE TELECOM Trend Analysis

Use this graph to draw trend lines for SP BSE TELECOM. 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 TELECOM applied against its price change over selected period. The best fit line has a slop of   0.91  which means SP BSE TELECOM will continue generating value for investors. It has 122 observation points and a regression sum of squares at 31074.79, 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 TELECOM 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 TELECOM based on its technical analysis. In general, a bottom-up approach, as applied to this index, focuses on SP BSE TELECOM stock first instead of the macroeconomic environment surrounding SP BSE TELECOM. 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 June 3, 2020 Technical Indicators

Additionally, take a look at World Market Map. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.
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