Odontoprev (Brazil) Technical Analysis

ODPV3 Stock  BRL 11.05  0.12  1.10%   
As of the 25th of April, Odontoprev holds the Coefficient Of Variation of 10745.3, semi deviation of 2.02, and Risk Adjusted Performance of 0.0125. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Odontoprev, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Odontoprev SA, which can be compared to its competitors. Please check Odontoprev SA jensen alpha, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance to decide if Odontoprev SA is priced some-what accurately, providing market reflects its current price of 11.05 per share.

Odontoprev Momentum Analysis

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

Odontoprev SA Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Odontoprev SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Odontoprev SA Trend Analysis

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

Odontoprev Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Odontoprev SA applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that Odontoprev SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 9.14, which is the sum of squared deviations for the predicted Odontoprev price change compared to its average price change.

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

Odontoprev April 25, 2024 Technical Indicators

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

Odontoprev April 25, 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 Odontoprev 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Odontoprev 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 Odontoprev SA information on this page should be used as a complementary analysis to other Odontoprev'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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Complementary Tools for Odontoprev Stock analysis

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