Phala Network Technical Analysis

PHA Crypto  USD 0.20  0.01  5.26%   
As of the 19th of April, Phala Network holds the Coefficient Of Variation of 653.51, semi deviation of 4.77, and Risk Adjusted Performance of 0.1038. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Phala Network, as well as the relationship between them. Put it differently, you can use this information to find out if the crypto will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Phala Network, which can be compared to its competitors. Please check Phala Network mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if Phala Network is priced some-what accurately, providing market reflects its current price of 0.2 per share.

Phala Network Momentum Analysis

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

Phala Network Technical Analysis

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The output start index for this execution was fifty with a total number of output elements of eleven. 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 Phala Network volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Phala Network Trend Analysis

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

Phala Network Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Phala Network applied against its price change over selected period. The best fit line has a slop of    , which means Phala Network will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.37, which is the sum of squared deviations for the predicted Phala Network price change compared to its average price change.

About Phala Network 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 Phala Network 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 Phala Network based on its technical analysis. In general, a bottom-up approach, as applied to this cryptocurrency, focuses on Phala Network price pattern first instead of the macroeconomic environment surrounding Phala Network. By analyzing daily price indicators and various types of growth rates, we attempt to find the most accurate representation of Phala Network's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the crypto market before zooming in to Phala Network specific price patterns or momentum indicators.

Phala Network April 19, 2024 Technical Indicators

Most technical analysis of Phala 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 Phala from various momentum indicators to cycle indicators. When you analyze Phala 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.
When determining whether Phala Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phala Network's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phala Network Crypto.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phala Network. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Phala Network information on this page should be used as a complementary analysis to other Phala Network'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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Please note, there is a significant difference between Phala Network's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Phala Network value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Phala Network's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.