Canadian Banc Corp Stock Momentum Indicators Average Directional Movement Index

BK Stock  CAD 11.96  0.09  0.76%   
Bank of New York momentum indicators tool provides the execution environment for running the Average Directional Movement Index indicator and other technical functions against Bank of New York. Bank of New York value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Average Directional Movement Index indicator function is designed to identify and follow existing trends. Momentum indicators of Bank of New York are pattern recognition functions that provide distinct formation on Bank of New York potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

The output start index for this execution was five with a total number of output elements of fifty-six. The average directional index (ADX) measures the strength of a prevailing trend of Canadian Banc Corp and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Bank of New York ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator

Bank of New York Technical Analysis Modules

Most technical analysis of Bank of New York 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 Bank from various momentum indicators to cycle indicators. When you analyze Bank charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Bank of New York Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canadian Banc Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canadian Banc Corp based on widely used predictive technical indicators. In general, we focus on analyzing Bank Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Bank of New York's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Bank of New York's intrinsic value. In addition to deriving basic predictive indicators for Bank of New York, we also check how macroeconomic factors affect Bank of New York price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2023 2024 (projected)
PTB Ratio0.770.830.7
Dividend Yield0.240.250.26
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bank of New York's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
11.4711.9712.47
Details
Intrinsic
Valuation
LowRealHigh
11.1511.6512.15
Details
Naive
Forecast
LowNextHigh
11.4811.9812.48
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.8511.9312.01
Details

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Other Information on Investing in Bank Stock

Bank of New York financial ratios help investors to determine whether Bank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank of New York security.