FileCoin Technical Analysis

FIL Crypto  USD 5.49  0.02  0.37%   
As of the 3rd of February, FileCoin shows the Downside Deviation of 7.28, coefficient of variation of 11961.09, and Mean Deviation of 3.96. FileCoin technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the entity's future prices. Put another way, you can use this information to find out if the entity will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for FileCoin, which can be compared to its rivals. Please confirm FileCoin variance, jensen alpha, and the relationship between the standard deviation and information ratio to decide if FileCoin is priced favorably, providing market reflects its regular price of 5.49 per share.

FileCoin Momentum Analysis

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

FileCoin Technical Analysis

Time Period
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The output start index for this execution was thirty-four with a total number of output elements of twenty-seven. 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 FileCoin volatility. High ATR values indicate high volatility, and low values indicate low volatility.

FileCoin Trend Analysis

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

FileCoin Best Fit Change Line

The following chart estimates an ordinary least squares regression model for FileCoin applied against its price change over selected period. The best fit line has a slop of   0.009526  , which means FileCoin will continue generating value for investors. It has 122 observation points and a regression sum of squares at 3.43, which is the sum of squared deviations for the predicted FileCoin price change compared to its average price change.

About FileCoin 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 FileCoin 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 FileCoin based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on FileCoin price pattern first instead of the macroeconomic environment surrounding FileCoin. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of FileCoin's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to FileCoin specific price patterns or momentum indicators.

FileCoin February 3, 2023 Technical Indicators

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

FileCoin February 3, 2023 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 FileCoin 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.
Please check Investing Opportunities. You can also try Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..

Complementary Tools for analysis

When running FileCoin price analysis, check to measure FileCoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy FileCoin is operating at the current time. Most of FileCoin's value examination focuses on studying past and present price actions to predict the probability of FileCoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move FileCoin's coin price. Additionally, you may evaluate how adding FileCoin to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between FileCoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine FileCoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, FileCoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.