Tongyu Communication (China) Technical Analysis

002792 Stock   17.10  0.53  3.20%   
As of the 27th of November, Tongyu Communication has the Risk Adjusted Performance of 0.1276, coefficient of variation of 640.0, and Semi Deviation of 3.33. Tongyu Communication technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.

Tongyu Communication Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Tongyu, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Tongyu
  
Tongyu Communication'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.
Tongyu Communication 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 Tongyu Communication technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tongyu Communication 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...

Tongyu Communication Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Tongyu Communication volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Tongyu Communication Trend Analysis

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

Tongyu Communication Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Tongyu Communication applied against its price change over selected period. The best fit line has a slop of   0.12  , which means Tongyu Communication will continue generating value for investors. It has 122 observation points and a regression sum of squares at 533.51, which is the sum of squared deviations for the predicted Tongyu Communication price change compared to its average price change.

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

Tongyu Communication November 27, 2024 Technical Indicators

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

Tongyu Communication November 27, 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 Tongyu 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 Tongyu Stock analysis

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