Russel Metals Stock Pattern Recognition Engulfing Pattern

RUS Stock  CAD 44.76  0.96  2.19%   
Russel Metals pattern recognition tool provides the execution environment for running the Engulfing Pattern recognition and other technical functions against Russel Metals. Russel Metals 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 pattern recognition indicators. As with most other technical indicators, the Engulfing Pattern recognition function is designed to identify and follow existing trends. Russel Metals momentum indicators are usually used to generate trading rules based on assumptions that Russel Metals trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was two with a total number of output elements of fifty-nine. The function generated a total of three valid pattern recognition events for the selected time horizon. The Engulfing Pattern describes Russel Metals bullish reversal pattern.

Russel Metals Technical Analysis Modules

Most technical analysis of Russel Metals 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 Russel from various momentum indicators to cycle indicators. When you analyze Russel 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 Russel Metals 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 Russel Metals. We use our internally-developed statistical techniques to arrive at the intrinsic value of Russel Metals based on widely used predictive technical indicators. In general, we focus on analyzing Russel Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Russel Metals's daily price indicators and compare them against related drivers, such as pattern recognition 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 Russel Metals's intrinsic value. In addition to deriving basic predictive indicators for Russel Metals, we also check how macroeconomic factors affect Russel Metals price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2024 (projected)
Dividend Yield0.05280.0411
Price To Sales Ratio0.360.65
Hype
Prediction
LowEstimatedHigh
43.1744.7646.35
Details
Intrinsic
Valuation
LowRealHigh
40.2848.6250.21
Details
Naive
Forecast
LowNextHigh
41.8743.4645.04
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.700.730.76
Details

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Other Information on Investing in Russel Stock

Russel Metals financial ratios help investors to determine whether Russel 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 Russel with respect to the benefits of owning Russel Metals security.