Altagas Stock Technical Analysis

ATGFF Stock  USD 22.02  0.22  0.99%   
As of the 5th of May, AltaGas shows the Downside Deviation of 1.04, mean deviation of 0.8609, and Risk Adjusted Performance of 0.0512. AltaGas 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 analyze and collect data for nineteen technical drivers for AltaGas, which can be compared to its peers. Please confirm AltaGas treynor ratio, as well as the relationship between the potential upside and expected short fall to decide if AltaGas is priced correctly, providing market reflects its regular price of 22.02 per share. Given that AltaGas has jensen alpha of 0.0299, we suggest you to validate AltaGas's prevailing market performance to make sure the company can sustain itself at a future point.

AltaGas Momentum Analysis

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

AltaGas Technical Analysis

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The output start index for this execution was nine with a total number of output elements of fifty-two. 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 AltaGas volatility. High ATR values indicate high volatility, and low values indicate low volatility.

AltaGas Trend Analysis

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

AltaGas Best Fit Change Line

The following chart estimates an ordinary least squares regression model for AltaGas applied against its price change over selected period. The best fit line has a slop of   0.02  , which means AltaGas will continue generating value for investors. It has 122 observation points and a regression sum of squares at 23.29, which is the sum of squared deviations for the predicted AltaGas price change compared to its average price change.

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

AltaGas May 5, 2024 Technical Indicators

Most technical analysis of AltaGas 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 AltaGas from various momentum indicators to cycle indicators. When you analyze AltaGas 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 AltaGas. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the AltaGas information on this page should be used as a complementary analysis to other AltaGas' 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 the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for AltaGas Pink Sheet analysis

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