Asetek (Norway) Technical Analysis

ASTK Stock  NOK 6.34  0.34  5.67%   
As of the 19th of April, Asetek shows the mean deviation of 2.59, and Risk Adjusted Performance of 0.0388. Asetek 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 nineteen technical drivers for Asetek, which can be compared to its peers. Please confirm Asetek mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if Asetek is priced correctly, providing market reflects its regular price of 6.34 per share.

Asetek Momentum Analysis

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

Asetek Technical Analysis

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Asetek Trend Analysis

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

Asetek Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Asetek applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Asetek will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.24, which is the sum of squared deviations for the predicted Asetek price change compared to its average price change.

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

Asetek April 19, 2024 Technical Indicators

Most technical analysis of Asetek 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 Asetek from various momentum indicators to cycle indicators. When you analyze Asetek 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 board of governors.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Asetek Stock analysis

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