Harmony Stock Technical Analysis

HRMY -  USA Stock  

USD 40.83  0.08  0.20%

As of the 24th of October, Harmony Biosciences retains the Market Risk Adjusted Performance of 0.5209, risk adjusted performance of 0.1206, and Downside Deviation of 3.77. Harmony Biosciences 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 have collected data for nineteen technical drivers for Harmony Biosciences, which can be compared to its competitors. Please check out Harmony Biosciences variance and potential upside to decide if Harmony Biosciences is priced fairly, providing market reflects its last-minute price of 40.83 per share. Given that Harmony Biosciences Holdings has jensen alpha of 0.5196, we strongly advise you to confirm Harmony Biosciences's regular market performance to make sure the company can sustain itself at a future point.

Harmony Technical Analysis 

 
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Harmony Biosciences Analyst Consensus

Target PriceAdvice# of Analysts
56.0Buy3Odds
Harmony Biosciences Holdings current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Harmony 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 Harmony stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Harmony Biosciences, talking to its executives and customers, or listening to Harmony conference calls.
Harmony Analyst Advice Details
Harmony Biosciences 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 Harmony Biosciences technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Harmony Biosciences 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...

Harmony Biosciences Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 Harmony Biosciences 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.

Harmony Biosciences Trend Analysis

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

Harmony Biosciences Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Harmony Biosciences Holdings applied against its price change over selected period. The best fit line has a slop of   0.20  , which means Harmony Biosciences Holdings will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1527.86, which is the sum of squared deviations for the predicted Harmony Biosciences price change compared to its average price change.

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

Harmony Biosciences October 24, 2021 Technical Indicators

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

Harmony Biosciences October 24, 2021 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 Harmony 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 Risk vs Return Analysis. Note that the Harmony Biosciences information on this page should be used as a complementary analysis to other Harmony Biosciences' 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 Fund Screener module to find activelly-traded funds from around the world traded on over 30 global exchanges.

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When running Harmony Biosciences price analysis, check to measure Harmony Biosciences' 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 Harmony Biosciences is operating at the current time. Most of Harmony Biosciences' value examination focuses on studying past and present price action to predict the probability of Harmony Biosciences' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Harmony Biosciences' price. Additionally, you may evaluate how the addition of Harmony Biosciences to your portfolios can decrease your overall portfolio volatility.
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The market value of Harmony Biosciences is measured differently than its book value, which is the value of Harmony that is recorded on the company's balance sheet. Investors also form their own opinion of Harmony Biosciences' value that differs from its market value or its book value, called intrinsic value, which is Harmony Biosciences' 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 Harmony Biosciences' market value can be influenced by many factors that don't directly affect Harmony Biosciences underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Harmony Biosciences' value and its price as these two are different measures arrived at by different means. Investors typically determine Harmony Biosciences value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Harmony Biosciences' 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.