Ultra Etf Technical Analysis

RXL -  USA Etf  

USD 101.53  0.07  0.07%

As of the 29th of July, Ultra Health has the Risk Adjusted Performance of 0.1216, coefficient of variation of 626.12, and Semi Deviation of 1.0. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Ultra Health Care, as well as the relationship between them. In other words, you can use this information to find out if the etf will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Ultra Health Care, which can be compared to its competition. Please validate Ultra Health Care jensen alpha and semi variance to decide if Ultra Health is priced more or less accurately, providing market reflects its prevalent price of 101.53 per share.

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

Ultra Health Care Technical Analysis

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The output start index for this execution was twenty-one with a total number of output elements of fourty. 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 Ultra Health Care 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.

Ultra Health Care Trend Analysis

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

Ultra Health Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ultra Health Care applied against its price change over selected period. The best fit line has a slop of   0.24  , which may imply that Ultra Health Care will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 2228.13, which is the sum of squared deviations for the predicted Ultra Health price change compared to its average price change.

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

Ultra Health July 29, 2021 Technical Indicators

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

Ultra Health Care One Year Return

Based on the recorded statements, Ultra Health Care has an One Year Return of 59%. This is 448.0% lower than that of the ProShares family and notably higher than that of the Trading--Leveraged Equity category. The one year return for all United States etfs is notably lower than that of the firm.
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.

Ultra Health July 29, 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 Ultra 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 Ultra Health Care information on this page should be used as a complementary analysis to other Ultra Health'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 Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Ultra Etf analysis

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