Formosa Laboratories (Taiwan) Technical Analysis
| 4746 Stock | TWD 98.00 2.10 2.19% |
As of the 8th of June, Formosa Laboratories shows the Downside Deviation of 2.54, mean deviation of 1.89, and Coefficient Of Variation of 82824.86. Formosa Laboratories technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Formosa Laboratories variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if Formosa Laboratories is priced favorably, providing market reflects its regular price of 98.0 per share.
Formosa Laboratories Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Formosa, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FormosaFormosa |
Formosa Laboratories 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.
Formosa Laboratories Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Formosa Laboratories volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Formosa Laboratories Trend Analysis
Use this graph to draw trend lines for Formosa Laboratories. You can use it to identify possible trend reversals for Formosa Laboratories 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 Formosa Laboratories price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Formosa Laboratories Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Formosa Laboratories applied against its price change over selected period. The best fit line has a slop of 0.24 , which may suggest that Formosa Laboratories market price will keep on failing further. It has 122 observation points and a regression sum of squares at 2121.69, which is the sum of squared deviations for the predicted Formosa Laboratories price change compared to its average price change.About Formosa Laboratories 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 Formosa Laboratories 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 Formosa Laboratories based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Formosa Laboratories price pattern first instead of the macroeconomic environment surrounding Formosa Laboratories. By analyzing Formosa Laboratories'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 Formosa Laboratories'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 Formosa Laboratories specific price patterns or momentum indicators. Please read more on our technical analysis page.
Formosa Laboratories June 8, 2024 Technical Indicators
Most technical analysis of Formosa 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 Formosa from various momentum indicators to cycle indicators. When you analyze Formosa 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.
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| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0084 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.89 | |||
| Semi Deviation | 2.39 | |||
| Downside Deviation | 2.54 | |||
| Coefficient Of Variation | 82824.86 | |||
| Standard Deviation | 2.64 | |||
| Variance | 6.95 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 17.23 | |||
| Value At Risk | (2.76) | |||
| Potential Upside | 4.12 | |||
| Downside Variance | 6.47 | |||
| Semi Variance | 5.71 | |||
| Expected Short fall | (2.17) | |||
| Skewness | 0.13 | |||
| Kurtosis | 2.56 |
Formosa Laboratories June 8, 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 Formosa 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 | 39,828 | ||
| Daily Balance Of Power | 0.75 | ||
| Rate Of Daily Change | 1.02 | ||
| Day Median Price | 97.10 | ||
| Day Typical Price | 97.40 | ||
| Price Action Indicator | 1.95 |
Additional Tools for Formosa Stock Analysis
When running Formosa Laboratories' price analysis, check to measure Formosa Laboratories' 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 Formosa Laboratories is operating at the current time. Most of Formosa Laboratories' value examination focuses on studying past and present price action to predict the probability of Formosa Laboratories' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Formosa Laboratories' price. Additionally, you may evaluate how the addition of Formosa Laboratories to your portfolios can decrease your overall portfolio volatility.