Chongqing Shunbo (China) Technical Analysis

002996 Stock   6.59  0.12  1.79%   
As of the 27th of November, Chongqing Shunbo shows the Downside Deviation of 3.05, mean deviation of 2.07, and Risk Adjusted Performance of 0.1169. Chongqing Shunbo Aluminum technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.

Chongqing Shunbo Momentum Analysis

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

Chongqing Shunbo Aluminum 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 Chongqing Shunbo Aluminum volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Chongqing Shunbo Aluminum Trend Analysis

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

Chongqing Shunbo Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Chongqing Shunbo Aluminum applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Chongqing Shunbo Aluminum will continue generating value for investors. It has 122 observation points and a regression sum of squares at 45.88, which is the sum of squared deviations for the predicted Chongqing Shunbo price change compared to its average price change.

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

Chongqing Shunbo November 27, 2024 Technical Indicators

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

Chongqing Shunbo 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 Chongqing 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 Chongqing Stock analysis

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