Eurodry Stock Technical Analysis

EDRY -  USA Stock  

USD 19.95  1.26  6.74%

As of the 19th of January, Eurodry shows the Mean Deviation of 2.07, coefficient of variation of 732.93, and Downside Deviation of 3.26. Eurodry 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 interpolate data for nineteen technical drivers for Eurodry, which can be compared to its rivals. Please confirm Eurodry standard deviation, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Eurodry is priced favorably, providing market reflects its regular price of 19.95 per share. Given that Eurodry has jensen alpha of 0.3904, we urge you to verify Eurodry's prevailing market performance to make sure the company can sustain itself at a future point.

Eurodry Technical Analysis 

 
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Eurodry Analyst Consensus

Target PriceAdvice# of Analysts
47.5Strong Buy2Odds
Eurodry current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Eurodry analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Eurodry stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Eurodry, talking to its executives and customers, or listening to Eurodry conference calls.
Eurodry Analyst Advice Details
Eurodry 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 Eurodry technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Eurodry 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...

Eurodry 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 Eurodry volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.

Eurodry Trend Analysis

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

Eurodry Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Eurodry applied against its price change over selected period. The best fit line has a slop of   0.040711  , which means Eurodry will continue generating value for investors. It has 34 observation points and a regression sum of squares at 1.35, which is the sum of squared deviations for the predicted Eurodry price change compared to its average price change.

About Eurodry 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 Eurodry 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 Eurodry based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Eurodry stock first instead of the macroeconomic environment surrounding Eurodry. By analyzing Eurodry'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 Eurodry'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 Eurodry specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2020 2021 (projected)
Book Value per Share15.2113.69
Asset Turnover0.20.18

Eurodry January 19, 2022 Technical Indicators

Most technical analysis of Eurodry 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 Eurodry from various momentum indicators to cycle indicators. When you analyze Eurodry 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.

Eurodry January 19, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Eurodry stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Continue to Investing Opportunities. Note that the Eurodry information on this page should be used as a complementary analysis to other Eurodry'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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When running Eurodry price analysis, check to measure Eurodry'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 Eurodry is operating at the current time. Most of Eurodry's value examination focuses on studying past and present price action to predict the probability of Eurodry's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Eurodry's price. Additionally, you may evaluate how the addition of Eurodry to your portfolios can decrease your overall portfolio volatility.
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Is Eurodry's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Eurodry. If investors know Eurodry will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Eurodry listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Eurodry is measured differently than its book value, which is the value of Eurodry that is recorded on the company's balance sheet. Investors also form their own opinion of Eurodry's value that differs from its market value or its book value, called intrinsic value, which is Eurodry's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Eurodry's market value can be influenced by many factors that don't directly affect Eurodry's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Eurodry's value and its price as these two are different measures arrived at by different means. Investors typically determine Eurodry value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eurodry'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.