Polestar Automotive Holding Stock Technical Analysis

PSNY Stock  USD 1.54  0.06  3.75%   
As of the 28th of March, Polestar Automotive holds the Coefficient Of Variation of (1,416), risk adjusted performance of (0.03), and Variance of 35.62. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Polestar Automotive, 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 interpolate thirteen technical drivers for Polestar Automotive, which can be compared to its competitors. Please check Polestar Automotive information ratio and kurtosis to decide if Polestar Automotive is priced some-what accurately, providing market reflects its current price of 1.54 per share. Please also confirm Polestar Automotive jensen alpha, which is currently at (0.59) to check out the company can sustain itself at a future point.

Polestar Automotive Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Polestar, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Polestar
  
Polestar Automotive'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.

Polestar Automotive Analyst Consensus

Target PriceAdvice# of Analysts
5.09Hold8Odds
Polestar Automotive Holding current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Polestar analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Polestar stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Polestar Automotive, talking to its executives and customers, or listening to Polestar conference calls.
Polestar Analyst Advice Details
Polestar Automotive 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 Polestar Automotive technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Polestar Automotive 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...

Polestar Automotive Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Polestar Automotive volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Polestar Automotive Trend Analysis

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

Polestar Automotive Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Polestar Automotive Holding applied against its price change over selected period. The best fit line has a slop of   0.0091  , which may suggest that Polestar Automotive Holding market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3.13, which is the sum of squared deviations for the predicted Polestar Automotive price change compared to its average price change.

About Polestar Automotive 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 Polestar Automotive Holding 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 Polestar Automotive Holding based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Polestar Automotive price pattern first instead of the macroeconomic environment surrounding Polestar Automotive. By analyzing Polestar Automotive'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 Polestar Automotive'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 Polestar Automotive specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Days Of Sales Outstanding67.3754.8863.1159.96
Days Of Inventory Outstanding149.06102.51117.89204.88

Polestar Automotive March 28, 2024 Technical Indicators

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

Polestar Automotive March 28, 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 Polestar 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.
When determining whether Polestar Automotive is a strong investment it is important to analyze Polestar Automotive's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Polestar Automotive's future performance. For an informed investment choice regarding Polestar Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Polestar Automotive Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Polestar Stock analysis

When running Polestar Automotive's price analysis, check to measure Polestar Automotive'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 Polestar Automotive is operating at the current time. Most of Polestar Automotive's value examination focuses on studying past and present price action to predict the probability of Polestar Automotive's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polestar Automotive's price. Additionally, you may evaluate how the addition of Polestar Automotive to your portfolios can decrease your overall portfolio volatility.
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Is Polestar Automotive's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Polestar Automotive. If investors know Polestar will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Polestar Automotive listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.35)
Revenue Per Share
1.341
Quarterly Revenue Growth
0.408
Return On Assets
(0.15)
Return On Equity
(3.98)
The market value of Polestar Automotive is measured differently than its book value, which is the value of Polestar that is recorded on the company's balance sheet. Investors also form their own opinion of Polestar Automotive's value that differs from its market value or its book value, called intrinsic value, which is Polestar Automotive's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Polestar Automotive's market value can be influenced by many factors that don't directly affect Polestar Automotive's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Polestar Automotive's value and its price as these two are different measures arrived at by different means. Investors typically determine if Polestar Automotive is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Polestar Automotive'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.