Longxing Chemical (China) Technical Analysis

002442 Stock   5.65  0.05  0.88%   
As of the 30th of November, Longxing Chemical secures the Mean Deviation of 1.77, risk adjusted performance of 0.174, and Downside Deviation of 2.29. Longxing Chemical Stock technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices.

Longxing Chemical Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Longxing, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Longxing
  
Longxing Chemical's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Longxing Chemical technical 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 Longxing Chemical technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Longxing Chemical 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...

Longxing Chemical Stock Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Longxing Chemical Stock volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Longxing Chemical Stock Trend Analysis

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

Longxing Chemical Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Longxing Chemical Stock applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Longxing Chemical Stock will continue generating value for investors. It has 122 observation points and a regression sum of squares at 25.39, which is the sum of squared deviations for the predicted Longxing Chemical price change compared to its average price change.

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

Longxing Chemical November 30, 2024 Technical Indicators

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

Longxing Chemical November 30, 2024 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 Longxing 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.

Complementary Tools for Longxing Stock analysis

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