As of the 30th of November, Hanover Foods retains the Standard Deviation of 2.3, market risk adjusted performance of 0.2791, and Risk Adjusted Performance of 0.1041. Hanover Foods technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We are able to interpolate and collect eleven technical drivers for Hanover Foods, which can be compared to its competitors. Please check out Hanover Foods variance and maximum drawdown to decide if Hanover Foods is priced fairly, providing market reflects its last-minute price of 61.72 per share. Given that Hanover Foods has variance of 5.29, we strongly advise you to confirm Hanover Foods's regular market performance to make sure the company can sustain itself at a future point.
Hanover Foods Momentum AnalysisMomentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hanover, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Hanover Hanover Foods' 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.
Hanover Foods 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.
Hanover Foods Technical Analysis
Hanover Foods Trend AnalysisUse this graph to draw trend lines for Hanover Foods. You can use it to identify possible trend reversals for Hanover Foods 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 Hanover Foods price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Hanover Foods Best Fit Change LineThe following chart estimates an ordinary least squares regression model for Hanover Foods applied against its price change over selected period. The best fit line has a slop of 0.16 , which means Hanover Foods will continue generating value for investors. It has 122 observation points and a regression sum of squares at 918.24, which is the sum of squared deviations for the predicted Hanover Foods price change compared to its average price change.
About Hanover Foods Technical Analysis
Hanover Foods November 30, 2023 Technical Indicators
Most technical analysis of Hanover 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 Hanover from various momentum indicators to cycle indicators. When you analyze Hanover 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hanover Foods. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
Complementary Tools for Hanover Pink Sheet analysis
When running Hanover Foods' price analysis, check to measure Hanover Foods' 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 Hanover Foods is operating at the current time. Most of Hanover Foods' value examination focuses on studying past and present price action to predict the probability of Hanover Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hanover Foods' price. Additionally, you may evaluate how the addition of Hanover Foods to your portfolios can decrease your overall portfolio volatility.