Magellan Aerospace Stock Technical Analysis

MALJF Stock  USD 6.21  0.09  1.47%   
As of the 19th of March, Magellan Aerospace secures the Risk Adjusted Performance of 0.0366, mean deviation of 0.9235, and Downside Deviation of 2.07. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magellan Aerospace, 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 are able to break down nineteen technical drivers for Magellan Aerospace, which can be compared to its peers in the industry. Please verify Magellan Aerospace standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Magellan Aerospace is priced some-what accurately, providing market reflects its recent price of 6.21 per share. Given that Magellan Aerospace has jensen alpha of 0.1214, we recommend you to check Magellan Aerospace's last-minute market performance to make sure the company can sustain itself at a future point.

Magellan Aerospace Momentum Analysis

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

Magellan Aerospace Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-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 Magellan Aerospace volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Magellan Aerospace Trend Analysis

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

Magellan Aerospace Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Magellan Aerospace applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Magellan Aerospace will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.51, which is the sum of squared deviations for the predicted Magellan Aerospace price change compared to its average price change.

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

Magellan Aerospace March 19, 2024 Technical Indicators

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

Magellan Aerospace March 19, 2024 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 Magellan 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.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magellan Aerospace. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Magellan Pink Sheet analysis

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