MainStay Mutual Fund Technical Analysis

MNEAX Fund  USD 9.88  0.04  0.40%   
As of the 24th of March, MainStay Conservative secures the Mean Deviation of 0.4426, risk adjusted performance of 6.0E-4, and Downside Deviation of 0.5378. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MainStay Conservative ETF, as well as the relationship between them. Strictly speaking, you can use this information to find out if the fund will indeed mirror its model of past prices, or the prices will eventually revert. We were able to analyze nineteen technical drivers for MainStay Conservative, which can be compared to its peers in the industry. Please verify MainStay Conservative ETF downside deviation, jensen alpha, as well as the relationship between the Jensen Alpha and downside variance to decide if MainStay Conservative ETF is priced some-what accurately, providing market reflects its recent price of 9.88 per share.
  

MainStay Conservative Momentum Analysis

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

MainStay Conservative ETF Technical Analysis

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The output start index for this execution was thirty with a total number of output elements of thirty-one. The Normalized Average True Range is used to analyze tradable apportunities for MainStay Conservative ETF across different markets.
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MainStay Conservative ETF Trend Analysis

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

MainStay Conservative Best Fit Change Line

The following chart estimates an ordinary least squares regression model for MainStay Conservative ETF applied against its price change over selected period. The best fit line has a slop of   0.00019408  , which means MainStay Conservative ETF 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 MainStay Conservative price change compared to its average price change.