Stronghold Digital Mining Stock Technical Analysis
SDIG Stock | USD 3.49 0.13 3.59% |
As of the 25th of April, Stronghold Digital has the Risk Adjusted Performance of (0), coefficient of variation of (4,844), and Variance of 71.5. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Stronghold Digital Mining, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Stronghold Digital Mining, which can be compared to its competition. Please validate Stronghold Digital Mining standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Stronghold Digital is priced more or less accurately, providing market reflects its prevalent price of 3.49 per share. Given that Stronghold Digital Mining has information ratio of (0.03), we advise you to double-check Stronghold Digital Mining's current market performance to make sure the company can sustain itself at a future point.
Stronghold Digital Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Stronghold, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to StrongholdStronghold |
Stronghold Digital Analyst Consensus
Target Price | Advice | # of Analysts | |
17.17 | Buy | 3 | Odds |
Most Stronghold 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 Stronghold stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Stronghold Digital Mining, talking to its executives and customers, or listening to Stronghold conference calls.
Stronghold Digital 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.
Stronghold Digital Mining Technical Analysis
The output start index for this execution was ten with a total number of output elements of fifty-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 Stronghold Digital Mining volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Stronghold Digital Mining Trend Analysis
Use this graph to draw trend lines for Stronghold Digital Mining. You can use it to identify possible trend reversals for Stronghold Digital 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 Stronghold Digital price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Stronghold Digital Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Stronghold Digital Mining applied against its price change over selected period. The best fit line has a slop of 0.04 , which may suggest that Stronghold Digital Mining market price will keep on failing further. It has 122 observation points and a regression sum of squares at 70.23, which is the sum of squared deviations for the predicted Stronghold Digital price change compared to its average price change.About Stronghold Digital 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 Stronghold Digital Mining 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 Stronghold Digital Mining based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Stronghold Digital Mining price pattern first instead of the macroeconomic environment surrounding Stronghold Digital Mining. By analyzing Stronghold Digital'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 Stronghold Digital'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 Stronghold Digital specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.001841 | 0.001217 | Price To Sales Ratio | 0.66 | 0.63 |
Stronghold Digital April 25, 2024 Technical Indicators
Most technical analysis of Stronghold 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 Stronghold from various momentum indicators to cycle indicators. When you analyze Stronghold 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0) | |||
Market Risk Adjusted Performance | (0.02) | |||
Mean Deviation | 5.95 | |||
Coefficient Of Variation | (4,844) | |||
Standard Deviation | 8.46 | |||
Variance | 71.5 | |||
Information Ratio | (0.03) | |||
Jensen Alpha | (0.64) | |||
Total Risk Alpha | (1.34) | |||
Treynor Ratio | (0.03) | |||
Maximum Drawdown | 45.6 | |||
Value At Risk | (8.54) | |||
Potential Upside | 13.5 | |||
Skewness | 0.7745 | |||
Kurtosis | 5.36 |
Stronghold Digital April 25, 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 Stronghold 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.
Accumulation Distribution | 55,098 | ||
Daily Balance Of Power | (0.33) | ||
Rate Of Daily Change | 0.96 | ||
Day Median Price | 3.56 | ||
Day Typical Price | 3.53 | ||
Price Action Indicator | (0.13) |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stronghold Digital Mining. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Stronghold Stock analysis
When running Stronghold Digital's price analysis, check to measure Stronghold Digital'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 Stronghold Digital is operating at the current time. Most of Stronghold Digital's value examination focuses on studying past and present price action to predict the probability of Stronghold Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Stronghold Digital's price. Additionally, you may evaluate how the addition of Stronghold Digital to your portfolios can decrease your overall portfolio volatility.
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Is Stronghold Digital'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 Stronghold Digital. If investors know Stronghold 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 Stronghold Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.46) | Revenue Per Share 10.99 | Quarterly Revenue Growth (0.12) | Return On Assets (0.17) | Return On Equity (1.61) |
The market value of Stronghold Digital Mining is measured differently than its book value, which is the value of Stronghold that is recorded on the company's balance sheet. Investors also form their own opinion of Stronghold Digital's value that differs from its market value or its book value, called intrinsic value, which is Stronghold Digital'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 Stronghold Digital's market value can be influenced by many factors that don't directly affect Stronghold Digital'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 Stronghold Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stronghold Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stronghold Digital'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.