Simply Stock Technical Analysis

SMPL
 Stock
  

USD 30.20  0.31  1.02%   

As of the 25th of September, Simply Good has the coefficient of variation of (811.84), and Risk Adjusted Performance of (0.14). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Simply Good, 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 interpolate data for nineteen technical drivers for The Simply Good, which can be compared to its competition. Please validate Simply Good information ratio, as well as the relationship between the potential upside and kurtosis to decide if Simply Good is priced more or less accurately, providing market reflects its prevalent price of 30.2 per share. Given that Simply Good has jensen alpha of (0.25), we advise you to double-check The Simply Good's current market performance to make sure the company can sustain itself at a future point.
  

Simply Good Momentum Analysis

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

Simply Good Analyst Consensus

Target PriceAdvice# of Analysts
42.5Buy6Odds
The Simply Good current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Simply 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 Simply stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Simply Good, talking to its executives and customers, or listening to Simply conference calls.
Simply Analyst Advice Details
Simply Good 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 Simply Good technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Simply Good 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...

Simply Good Technical Analysis

Indicator
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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 Normalized Average True Range is used to analyze tradable apportunities for Simply Good across different markets.
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Simply Good Trend Analysis

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

Simply Good Best Fit Change Line

The following chart estimates an ordinary least squares regression model for The Simply Good applied against its price change over selected period. The best fit line has a slop of   -0.13  , which may suggest that The Simply Good market price will keep on failing further. It has 122 observation points and a regression sum of squares at 606.65, which is the sum of squared deviations for the predicted Simply Good price change compared to its average price change.

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

Simply Good September 25, 2022 Technical Indicators

Most technical analysis of Simply 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 Simply from various momentum indicators to cycle indicators. When you analyze Simply 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 World Market Map. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Complementary Tools for analysis

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