Eco Innovation Group Stock Technical Analysis

ECOX Stock  USD 0.0002  0.0001  33.33%   
As of the 23rd of April, Eco Innovation shows the Downside Deviation of 51.22, mean deviation of 31.81, and Coefficient Of Variation of 498.43. Eco Innovation Group technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 break down and interpolate data for nineteen technical drivers for Eco Innovation Group, which can be compared to its peers. Please confirm Eco Innovation Group coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Eco Innovation Group is priced favorably, providing market reflects its regular price of 2.0E-4 per share. As Eco Innovation Group appears to be a penny stock we also advise to verify its total risk alpha numbers.

Eco Innovation Momentum Analysis

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

Eco Innovation Group Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Eco Innovation Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Eco Innovation Group Trend Analysis

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

Eco Innovation Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Eco Innovation Group applied against its price change over selected period. The best fit line has a slop of   0.00000014  , which means Eco Innovation Group will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Eco Innovation price change compared to its average price change.

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

Eco Innovation April 23, 2024 Technical Indicators

Most technical analysis of Eco 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 Eco from various momentum indicators to cycle indicators. When you analyze Eco 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eco Innovation Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.

Complementary Tools for Eco Pink Sheet analysis

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