SPTSX Index Technical Analysis

GSPTSE -  Canada Index  

 20,288  23.98  0.12%

As of the 2nd of August, SPTSX Comp has the coefficient of variation of 748.16, and Risk Adjusted Performance of 0.0955. Our technical analysis interface makes it possible for you to check available technical drivers of SPTSX Comp, as well as the relationship between them. In other words, you can use this information to find out if the index will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate and analyze data for nineteen technical drivers for SPTSX Comp, which can be compared to its competition. Please validate SPTSX Comp standard deviation, as well as the relationship between the value at risk and kurtosis to decide if SPTSX Comp is priced fairly, providing market reflects its prevalent price of 20287.8 per share.

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

SPTSX Comp Trend Analysis

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

SPTSX Comp Best Fit Change Line

The following chart estimates an ordinary least squares regression model for SPTSX Comp applied against its price change over selected period. The best fit line has a slop of   15.09  , which means SPTSX Comp will continue producing value for investors. It has 122 observation points and a regression sum of squares at 8607319.11, which is the sum of squared deviations for the predicted SPTSX Comp price change compared to its average price change.

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

SPTSX Comp August 2, 2021 Technical Indicators

Most technical analysis of SPTSX 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 SPTSX from various momentum indicators to cycle indicators. When you analyze SPTSX 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.

SPTSX Comp August 2, 2021 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 SPTSX 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.
Check out Your Current Watchlist. Note that the SPTSX Comp information on this page should be used as a complementary analysis to other SPTSX Comp'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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Other Tools for SPTSX Index

When running SPTSX Comp price analysis, check to measure SPTSX Comp'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 SPTSX Comp is operating at the current time. Most of SPTSX Comp's value examination focuses on studying past and present price action to predict the probability of SPTSX Comp's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move SPTSX Comp's price. Additionally, you may evaluate how the addition of SPTSX Comp to your portfolios can decrease your overall portfolio volatility.
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