Anthem Inc Stock Technical Analysis

ANTMDelisted Stock  USD 482.58  13.05  2.78%   
As of the 19th of March, Anthem shows the Mean Deviation of 1.42, downside deviation of 1.92, and Risk Adjusted Performance of 0.0369. Anthem Inc 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 interpolate and analyze data for nineteen technical drivers for Anthem Inc, which can be compared to its rivals. Please confirm Anthem Inc variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Anthem Inc is priced correctly, providing market reflects its regular price of 482.58 per share. Given that Anthem has jensen alpha of (0.01), we suggest you to validate Anthem Inc's prevailing market performance to make sure the company can sustain itself at a future point.

Anthem Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Anthem, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Anthem
  
Anthem'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.
Anthem 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, delisted stock market cycles, or different charting patterns.
A focus of Anthem technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Anthem 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...

Anthem Inc Technical Analysis

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Anthem Inc Trend Analysis

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

Anthem Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Anthem Inc applied against its price change over selected period. The best fit line has a slop of   0.67  , which may suggest that Anthem Inc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 16817.57, which is the sum of squared deviations for the predicted Anthem price change compared to its average price change.

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

Anthem March 19, 2024 Technical Indicators

Most technical analysis of Anthem 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 Anthem from various momentum indicators to cycle indicators. When you analyze Anthem 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. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Other Consideration for investing in Anthem Stock

If you are still planning to invest in Anthem Inc check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Anthem's history and understand the potential risks before investing.
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