Bucharest BET-NG (Romania) Technical Analysis

BETNG Index   900.03  10.53  1.16%   

Bucharest BET-NG Momentum Analysis

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

Bucharest BET-NG Trend Analysis

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

Bucharest BET-NG Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bucharest BET-NG applied against its price change over selected period. The best fit line has a slop of   1.05  , which means Bucharest BET-NG will continue generating value for investors. It has 122 observation points and a regression sum of squares at 41718.1, which is the sum of squared deviations for the predicted Bucharest BET-NG price change compared to its average price change.