Optical Cable Stock Pattern Recognition Hanging Man

OCC Stock  USD 2.40  0.03  1.27%   
Optical Cable pattern recognition tool provides the execution environment for running the Hanging Man recognition and other technical functions against Optical Cable. Optical Cable 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 Hanging Man recognition function is designed to identify and follow existing trends. Optical Cable momentum indicators are usually used to generate trading rules based on assumptions that Optical Cable trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was eleven with a total number of output elements of fifty. The function generated a total of two valid pattern recognition events for the selected time horizon. The Hanging Man pattern describes Optical Cable bearish reversal trend.

Optical Cable Technical Analysis Modules

Most technical analysis of Optical Cable 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 Optical from various momentum indicators to cycle indicators. When you analyze Optical 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 Optical Cable 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 Optical Cable. We use our internally-developed statistical techniques to arrive at the intrinsic value of Optical Cable based on widely used predictive technical indicators. In general, we focus on analyzing Optical Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Optical Cable'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 Optical Cable's intrinsic value. In addition to deriving basic predictive indicators for Optical Cable, we also check how macroeconomic factors affect Optical Cable price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2021 2022 2023 2024 (projected)
Days Sales Outstanding58.1346.5653.5569.82
PTB Ratio1.210.860.990.94
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optical Cable'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
0.132.68242.68
Details
Intrinsic
Valuation
LowRealHigh
0.091.76241.76
Details
Naive
Forecast
LowNextHigh
0.052.39128.25
Details

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When determining whether Optical Cable offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Optical Cable's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Optical Cable Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Optical Cable Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Optical Cable. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
For information on how to trade Optical Stock refer to our How to Trade Optical Stock guide.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Communications Equipment space 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 Optical Cable. If investors know Optical 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 Optical Cable listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(0.75)
Revenue Per Share
8.284
Quarterly Revenue Growth
(0.04)
Return On Assets
(0.08)
Return On Equity
(0.25)
The market value of Optical Cable is measured differently than its book value, which is the value of Optical that is recorded on the company's balance sheet. Investors also form their own opinion of Optical Cable's value that differs from its market value or its book value, called intrinsic value, which is Optical Cable'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 Optical Cable's market value can be influenced by many factors that don't directly affect Optical Cable'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 Optical Cable's value and its price as these two are different measures arrived at by different means. Investors typically determine if Optical Cable is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Optical Cable'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.