Itronics Stock Technical Analysis

ITRO Stock  USD 0.0002  0.00  0.00%   
As of the 14th of May 2024, Itronics retains the Standard Deviation of 12.6, market risk adjusted performance of (0.65), and Risk Adjusted Performance of 0.0875. Itronics 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 were able to interpolate data for eleven technical drivers for Itronics, which can be compared to its competitors. Please check out Itronics market risk adjusted performance and total risk alpha to decide if Itronics is priced fairly, providing market reflects its last-minute price of 2.0E-4 per share. As Itronics appears to be a penny stock we also urge to confirm its information ratio numbers.

Itronics Momentum Analysis

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

Itronics Technical Analysis

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

Itronics Trend Analysis

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

Itronics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Itronics applied against its price change over selected period. The best fit line has a slop of   0.000001  , which means Itronics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Itronics price change compared to its average price change.

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

Itronics May 14, 2024 Technical Indicators

Most technical analysis of Itronics 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 Itronics from various momentum indicators to cycle indicators. When you analyze Itronics 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 Itronics. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..

Complementary Tools for Itronics Pink Sheet analysis

When running Itronics' price analysis, check to measure Itronics' 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 Itronics is operating at the current time. Most of Itronics' value examination focuses on studying past and present price action to predict the probability of Itronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itronics' price. Additionally, you may evaluate how the addition of Itronics to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Itronics' value and its price as these two are different measures arrived at by different means. Investors typically determine if Itronics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Itronics' 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.