ECAAX Mutual Fund Technical Analysis

ECAAX -  USA Fund  

USD 30.71  0.000001  0.00%

As of the 30th of November, MFS Aggressive secures the Mean Deviation of 0.4767, market risk adjusted performance of (0.37), and Risk Adjusted Performance of (0.009918). MFS Aggressive Growth technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the fund's future prices. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze nineteen technical drivers for MFS Aggressive, which can be compared to its peers in the industry. Please verify MFS Aggressive Growth variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if MFS Aggressive Growth is priced more or less accurately, providing market reflects its recent price of 30.71 per share.

ECAAX Technical Analysis 

MFS Aggressive technical mutual fund 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 MFS Aggressive technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MFS Aggressive 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...

MFS Aggressive Growth Technical Analysis

The output start index for this execution was one with a total number of output elements of sixty. The True Range is a measure of MFS Aggressive Growth volatility developed by Welles Wilder. View also all equity analysis or get more info about true range volatility indicators indicator.

MFS Aggressive Growth Trend Analysis

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

MFS Aggressive Best Fit Change Line

The following chart estimates an ordinary least squares regression model for MFS Aggressive Growth applied against its price change over selected period. The best fit line has a slop of   0.017575  , which means MFS Aggressive Growth will continue generating value for investors. It has 122 observation points and a regression sum of squares at 11.68, which is the sum of squared deviations for the predicted MFS Aggressive price change compared to its average price change.

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

MFS Aggressive November 30, 2021 Technical Indicators

Most technical analysis of ECAAX 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 ECAAX from various momentum indicators to cycle indicators. When you analyze ECAAX 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.
Continue to Investing Opportunities. Note that the MFS Aggressive Growth information on this page should be used as a complementary analysis to other MFS Aggressive's 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Complementary Tools for ECAAX Mutual Fund analysis

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