Cue Health Stock Technical Analysis
| HLTH Stock | USD 0.15 0.01 7.14% |
As of the 23rd of April, Cue Health shows the mean deviation of 3.89, and Risk Adjusted Performance of (0.01). Cue Health technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates 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 and analyze data for thirteen technical drivers for Cue Health, which can be compared to its peers. Please confirm Cue Health mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if Cue Health is priced correctly, providing market reflects its regular price of 0.15 per share. As Cue Health appears to be a penny stock we also recommend to validate its jensen alpha numbers.
Cue Health Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Cue, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to CueCue |
Cue Health Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 3.94 | Hold | 3 | Odds |
Most Cue 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 Cue stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Cue Health, talking to its executives and customers, or listening to Cue conference calls.
Cue Health 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.
Cue Health Technical Analysis
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 Cue Health volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Cue Health Trend Analysis
Use this graph to draw trend lines for Cue Health. You can use it to identify possible trend reversals for Cue Health 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 Cue Health price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Cue Health Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Cue Health applied against its price change over selected period. The best fit line has a slop of 0.0017 , which may suggest that Cue Health market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.11, which is the sum of squared deviations for the predicted Cue Health price change compared to its average price change.About Cue Health 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 Cue Health 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 Cue Health based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Cue Health price pattern first instead of the macroeconomic environment surrounding Cue Health. By analyzing Cue Health'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 Cue Health'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 Cue Health specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.002336 | 0.0224 | 0.0258 | 0.0213 | Price To Sales Ratio | 3.18 | 0.63 | 0.35 | 0.33 |
Cue Health April 23, 2024 Technical Indicators
Most technical analysis of Cue 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 Cue from various momentum indicators to cycle indicators. When you analyze Cue 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.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.29) | |||
| Mean Deviation | 3.89 | |||
| Coefficient Of Variation | (2,623) | |||
| Standard Deviation | 6.25 | |||
| Variance | 39.03 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.31) | |||
| Total Risk Alpha | (1.02) | |||
| Treynor Ratio | (0.30) | |||
| Maximum Drawdown | 47.21 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 7.69 | |||
| Skewness | (0.18) | |||
| Kurtosis | 5.08 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Cue Health. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For more detail on how to invest in Cue Stock please use our How to Invest in Cue Health guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Complementary Tools for Cue Stock analysis
When running Cue Health's price analysis, check to measure Cue Health'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 Cue Health is operating at the current time. Most of Cue Health's value examination focuses on studying past and present price action to predict the probability of Cue Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cue Health's price. Additionally, you may evaluate how the addition of Cue Health to your portfolios can decrease your overall portfolio volatility.
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Is Cue Health'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 Cue Health. If investors know Cue 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 Cue Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.77) | Earnings Share (2.44) | Revenue Per Share 0.464 | Quarterly Revenue Growth (0.87) | Return On Assets (0.32) |
The market value of Cue Health is measured differently than its book value, which is the value of Cue that is recorded on the company's balance sheet. Investors also form their own opinion of Cue Health's value that differs from its market value or its book value, called intrinsic value, which is Cue Health'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 Cue Health's market value can be influenced by many factors that don't directly affect Cue Health'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 Cue Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cue Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cue Health'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.