RELAXO FOOTWEARS (India) Technical Analysis

RELAXO -  India Stock  

INR 1,197  2.50  0.21%

As of the 17th of September 2021, RELAXO FOOTWEARS holds the semi deviation of 0.5225, and Risk Adjusted Performance of 0.1579. Concerning fundamental indicators, the technical analysis model allows you to check practical technical drivers of RELAXO FOOTWEARS, 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 have analyzed and interpolated nineteen technical drivers for RELAXO FOOTWEARS LTD, which can be compared to its competitors. Please check RELAXO FOOTWEARS LTD standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if RELAXO FOOTWEARS LTD is priced more or less accurately, providing market reflects its current price of 1197.4 per share.

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RELAXO FOOTWEARS 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 RELAXO FOOTWEARS technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of RELAXO FOOTWEARS 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...


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The output start index for this execution was one with a total number of output elements of sixty. 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 RELAXO FOOTWEARS LTD volatility. High ATR values indicate high volatility, and low values indicate low volatility. View also all equity analysis or get more info about average true range volatility indicators indicator.


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


The following chart estimates an ordinary least squares regression model for RELAXO FOOTWEARS LTD applied against its price change over selected period. The best fit line has a slop of   2.12  , which means RELAXO FOOTWEARS LTD will continue generating value for investors. It has 122 observation points and a regression sum of squares at 169462.59, which is the sum of squared deviations for the predicted RELAXO FOOTWEARS price change compared to its average price change.

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

RELAXO FOOTWEARS September 17, 2021 Technical Indicators

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

RELAXO FOOTWEARS September 17, 2021 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 RELAXO 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.
Additionally, take a look at Your Equity Center. Note that the RELAXO FOOTWEARS LTD information on this page should be used as a complementary analysis to other RELAXO FOOTWEARS'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for RELAXO Stock

When running RELAXO FOOTWEARS LTD price analysis, check to measure RELAXO FOOTWEARS'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 RELAXO FOOTWEARS is operating at the current time. Most of RELAXO FOOTWEARS's value examination focuses on studying past and present price action to predict the probability of RELAXO FOOTWEARS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move RELAXO FOOTWEARS's price. Additionally, you may evaluate how the addition of RELAXO FOOTWEARS to your portfolios can decrease your overall portfolio volatility.
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