Magazine Luiza (Brazil) Technical Analysis
| MGLU3 Stock | BRL 1.54 0.13 7.78% |
As of the 13th of May 2024, Magazine Luiza secures the Risk Adjusted Performance of (0.04), standard deviation of 3.59, and Mean Deviation of 2.81. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magazine Luiza SA, 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 analyze thirteen technical drivers for Magazine Luiza, which can be compared to its peers in the industry. Please verify Magazine Luiza SA treynor ratio, and the relationship between the variance and value at risk to decide if Magazine Luiza SA is priced some-what accurately, providing market reflects its recent price of 1.54 per share.
Magazine Luiza Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Magazine, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MagazineMagazine |
Magazine Luiza 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.
Magazine Luiza SA Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Magazine Luiza SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Magazine Luiza SA Trend Analysis
Use this graph to draw trend lines for Magazine Luiza SA. You can use it to identify possible trend reversals for Magazine Luiza 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 Magazine Luiza price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Magazine Luiza Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Magazine Luiza SA applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Magazine Luiza SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.4, which is the sum of squared deviations for the predicted Magazine Luiza price change compared to its average price change.About Magazine Luiza 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 Magazine Luiza SA 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 Magazine Luiza SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Magazine Luiza SA price pattern first instead of the macroeconomic environment surrounding Magazine Luiza SA. By analyzing Magazine Luiza'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 Magazine Luiza'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 Magazine Luiza specific price patterns or momentum indicators. Please read more on our technical analysis page.
Magazine Luiza May 13, 2024 Technical Indicators
Most technical analysis of Magazine 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 Magazine from various momentum indicators to cycle indicators. When you analyze Magazine 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.04) | |||
| Market Risk Adjusted Performance | (0.45) | |||
| Mean Deviation | 2.81 | |||
| Coefficient Of Variation | (1,222) | |||
| Standard Deviation | 3.59 | |||
| Variance | 12.87 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.73) | |||
| Treynor Ratio | (0.46) | |||
| Maximum Drawdown | 15.48 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 7.14 | |||
| Skewness | 0.2062 | |||
| Kurtosis | (0.04) |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magazine Luiza SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Magazine Luiza SA information on this page should be used as a complementary analysis to other Magazine Luiza's 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 the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Magazine Stock analysis
When running Magazine Luiza's price analysis, check to measure Magazine Luiza'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 Magazine Luiza is operating at the current time. Most of Magazine Luiza's value examination focuses on studying past and present price action to predict the probability of Magazine Luiza's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magazine Luiza's price. Additionally, you may evaluate how the addition of Magazine Luiza to your portfolios can decrease your overall portfolio volatility.
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