PSI 20 (Portugal) Technical Analysis

PSI20 Index   5,802  31.51  0.54%   

PSI 20 Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as PSI20, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PSI20
PSI 20'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.
PSI 20 technical index 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, index market cycles, or different charting patterns.
A focus of PSI 20 technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of PSI 20 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...

PSI 20 Stock Trend Analysis

Use this graph to draw trend lines for PSI 20 Stock. You can use it to identify possible trend reversals for PSI 20 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 PSI 20 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

PSI 20 Best Fit Change Line

The following chart estimates an ordinary least squares regression model for PSI 20 Stock applied against its price change over selected period. The best fit line has a slop of   0.54  , which means PSI 20 Stock will continue generating value for investors. It has 122 observation points and a regression sum of squares at 11053.43, which is the sum of squared deviations for the predicted PSI 20 price change compared to its average price change.