Canadian Tire Stock Pattern Recognition Three Outside Up or Down

CTC-A Stock  CAD 154.37  1.43  0.94%   
Canadian Tire pattern recognition tool provides the execution environment for running the Three Outside Up or Down recognition and other technical functions against Canadian Tire. Canadian Tire 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 Three Outside Up or Down recognition function is designed to identify and follow existing trends. Canadian Tire momentum indicators are usually used to generate trading rules based on assumptions that Canadian Tire trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was three with a total number of output elements of fifty-eight. The function generated a total of two valid pattern recognition events for the selected time horizon. The Three Outside Up/Down pattern helps to describe Canadian Tire bearish pattern that is followed by a black day whose close value is lower than the second day.

Canadian Tire Technical Analysis Modules

Most technical analysis of Canadian Tire 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 Canadian from various momentum indicators to cycle indicators. When you analyze Canadian 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 Canadian Tire 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 Tire. We use our internally-developed statistical techniques to arrive at the intrinsic value of Canadian Tire based on widely used predictive technical indicators. In general, we focus on analyzing Canadian Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Canadian Tire'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 Canadian Tire's intrinsic value. In addition to deriving basic predictive indicators for Canadian Tire, we also check how macroeconomic factors affect Canadian Tire price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
 2022 2023 2024 (projected)
Dividend Yield0.0390.04560.0479
Price To Sales Ratio0.470.480.51
Hype
Prediction
LowEstimatedHigh
152.01152.93153.85
Details
Intrinsic
Valuation
LowRealHigh
152.65153.57154.49
Details
Earnings
Estimates (0)
LowProjected EPSHigh
2.993.163.32
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Canadian Tire. Your research has to be compared to or analyzed against Canadian Tire's peers to derive any actionable benefits. When done correctly, Canadian Tire's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Canadian Tire.

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Additional Tools for Canadian Stock Analysis

When running Canadian Tire's price analysis, check to measure Canadian Tire'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 Canadian Tire is operating at the current time. Most of Canadian Tire's value examination focuses on studying past and present price action to predict the probability of Canadian Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Tire's price. Additionally, you may evaluate how the addition of Canadian Tire to your portfolios can decrease your overall portfolio volatility.