Acerinox Sa Adr Stock Technical Analysis

ANIOY Stock  USD 5.70  0.00  0.00%   
As of the 25th of April, Acerinox shows the risk adjusted performance of 0.0656, and Mean Deviation of 0.8408. Acerinox SA ADR technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Acerinox SA ADR, which can be compared to its peers. Please confirm Acerinox SA ADR market risk adjusted performance, variance, as well as the relationship between the Variance and potential upside to decide if Acerinox SA ADR is priced correctly, providing market reflects its regular price of 5.7 per share. Given that Acerinox has jensen alpha of 0.2101, we suggest you to validate Acerinox SA ADR's prevailing market performance to make sure the company can sustain itself at a future point.

Acerinox Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Acerinox, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Acerinox
  
Acerinox's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Acerinox technical pink sheet 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, pink sheet market cycles, or different charting patterns.
A focus of Acerinox technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Acerinox 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...

Acerinox SA ADR Technical Analysis

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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 Acerinox SA ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Acerinox SA ADR Trend Analysis

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

Acerinox Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Acerinox SA ADR applied against its price change over selected period. The best fit line has a slop of    , which means Acerinox SA ADR will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.88, which is the sum of squared deviations for the predicted Acerinox price change compared to its average price change.

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

Acerinox April 25, 2024 Technical Indicators

Most technical analysis of Acerinox 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 Acerinox from various momentum indicators to cycle indicators. When you analyze Acerinox 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acerinox SA ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Acerinox Pink Sheet analysis

When running Acerinox's price analysis, check to measure Acerinox'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 Acerinox is operating at the current time. Most of Acerinox's value examination focuses on studying past and present price action to predict the probability of Acerinox's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acerinox's price. Additionally, you may evaluate how the addition of Acerinox to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Acerinox's value and its price as these two are different measures arrived at by different means. Investors typically determine if Acerinox is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Acerinox'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.