Tencent OTC Stock Technical Analysis

TCTZF -  USA Stock  

USD 58.87  0.54  0.91%

As of the 28th of January, Tencent Holdings has the risk adjusted performance of (0.019289), and Coefficient Of Variation of (3,164). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tencent Holdings, 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 analyze nineteen technical drivers for Tencent Holdings, which can be compared to its competition. Please validate Tencent Holdings variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Tencent Holdings is priced more or less accurately, providing market reflects its prevalent price of 58.87 per share. Given that Tencent Holdings has jensen alpha of (0.1), we advise you to double-check Tencent Holdings's current market performance to make sure the company can sustain itself at a future point.

Tencent Technical Analysis 

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

Tencent Holdings Technical Analysis

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The output start index for this execution was fourty-eight with a total number of output elements of thirteen. The Normalized Average True Range is used to analyze tradable apportunities for Tencent Holdings across different markets. View also all equity analysis or get more info about normalized average true range volatility indicators indicator.

Tencent Holdings Trend Analysis

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

Tencent Holdings Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Tencent Holdings applied against its price change over selected period. The best fit line has a slop of   -0.04  , which may suggest that Tencent Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 59.81, which is the sum of squared deviations for the predicted Tencent Holdings price change compared to its average price change.

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

Tencent Holdings January 28, 2022 Technical Indicators

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

Tencent Holdings January 28, 2022 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 Tencent 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 World Market Map. Note that the Tencent Holdings information on this page should be used as a complementary analysis to other Tencent Holdings' 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.

Complementary Tools for Tencent OTC Stock analysis

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