Reitmans OTC Stock Technical Analysis

RTMAF -  USA Stock  

USD 0.54  0.00  0.00%

As of the 17th of October 2021, Reitmans Canada holds the coefficient of variation of 872.45, and Risk Adjusted Performance of 0.0995. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Reitmans Canada, 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 Reitmans Canada, which can be compared to its competitors. Please check Reitmans Canada information ratio and the relationship between the maximum drawdown and skewness to decide if Reitmans Canada is priced some-what accurately, providing market reflects its current price of 0.54 per share. As Reitmans Canada is a penny stock we also suggest to check out its total risk alpha numbers.

Reitmans Technical Analysis 

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

Reitmans Canada Technical Analysis

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The output start index for this execution was thirty with a total number of output elements of thirty-one. 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 Reitmans Canada 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.

Reitmans Canada Trend Analysis

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

Reitmans Canada Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Reitmans Canada applied against its price change over selected period. The best fit line has a slop of   0.004547  , which means Reitmans Canada will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.78, which is the sum of squared deviations for the predicted Reitmans Canada price change compared to its average price change.

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

Reitmans Canada October 17, 2021 Technical Indicators

Most technical analysis of Reitmans 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 Reitmans from various momentum indicators to cycle indicators. When you analyze Reitmans 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.
Additionally, take a look at Your Equity Center. Note that the Reitmans Canada information on this page should be used as a complementary analysis to other Reitmans Canada'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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

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When running Reitmans Canada price analysis, check to measure Reitmans Canada'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 Reitmans Canada is operating at the current time. Most of Reitmans Canada's value examination focuses on studying past and present price action to predict the probability of Reitmans Canada's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Reitmans Canada's price. Additionally, you may evaluate how the addition of Reitmans Canada to your portfolios can decrease your overall portfolio volatility.
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The market value of Reitmans Canada is measured differently than its book value, which is the value of Reitmans that is recorded on the company's balance sheet. Investors also form their own opinion of Reitmans Canada's value that differs from its market value or its book value, called intrinsic value, which is Reitmans Canada'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 Reitmans Canada's market value can be influenced by many factors that don't directly affect Reitmans Canada underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reitmans Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine Reitmans Canada value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reitmans Canada'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.