Loop Industries Stock Technical Analysis

LOOP -  USA Stock  

USD 13.18  0.47  3.44%

As of the 9th of December, Loop Industries secures the Mean Deviation of 3.15, risk adjusted performance of 0.0996, and Downside Deviation of 3.91. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Loop Industries, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Loop Industries, which can be compared to its peers in the industry. Please verify Loop Industries standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Loop Industries is priced some-what accurately, providing market reflects its recent price of 13.18 per share. Given that Loop Industries has jensen alpha of 0.3688, we recommend you to check Loop Industries's last-minute market performance to make sure the company can sustain itself at a future point.

Loop Industries Technical Analysis 

 
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Loop Industries Analyst Consensus

Target PriceAdvice# of Analysts
20.83Buy3Odds
Loop Industries current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Loop Industries 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 Loop Industries stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Loop Industries, talking to its executives and customers, or listening to Loop Industries conference calls.
Loop Industries Analyst Advice Details
Loop Industries 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 Loop Industries technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Loop Industries 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...

Loop Industries 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 Loop Industries 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.

Loop Industries Trend Analysis

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

Loop Industries Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Loop Industries applied against its price change over selected period. The best fit line has a slop of   0.07  , which means Loop Industries will continue generating value for investors. It has 122 observation points and a regression sum of squares at 163.77, which is the sum of squared deviations for the predicted Loop Industries price change compared to its average price change.

About Loop Industries 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 Loop Industries 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 Loop Industries based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Loop Industries stock first instead of the macroeconomic environment surrounding Loop Industries. By analyzing Loop Industries'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 Loop Industries'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 Loop Industries specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2017 2018 2019 2021 (projected)
Current Ratio4.430.784.1510.69
Book Value per Share0.320.0780.80.95

Loop Industries December 9, 2021 Technical Indicators

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

Loop Industries December 9, 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 Loop Industries 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.
Additionally, see Stocks Correlation. Note that the Loop Industries information on this page should be used as a complementary analysis to other Loop Industries' 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

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When running Loop Industries price analysis, check to measure Loop Industries' 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 Loop Industries is operating at the current time. Most of Loop Industries' value examination focuses on studying past and present price action to predict the probability of Loop Industries' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Loop Industries' price. Additionally, you may evaluate how the addition of Loop Industries to your portfolios can decrease your overall portfolio volatility.
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Is Loop Industries' 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 Loop Industries. If investors know Loop Industries 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 Loop Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Loop Industries is measured differently than its book value, which is the value of Loop Industries that is recorded on the company's balance sheet. Investors also form their own opinion of Loop Industries' value that differs from its market value or its book value, called intrinsic value, which is Loop Industries' 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 Loop Industries' market value can be influenced by many factors that don't directly affect Loop Industries' 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 Loop Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine Loop Industries value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Loop Industries' 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.