Changjiang Jinggong (China) Technical Analysis

600496 Stock   3.01  0.02  0.67%   
As of the 26th of November, Changjiang Jinggong shows the risk adjusted performance of 0.1132, and Mean Deviation of 1.69. Changjiang Jinggong Steel 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.

Changjiang Jinggong Momentum Analysis

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

Changjiang Jinggong Steel 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 Changjiang Jinggong Steel volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Changjiang Jinggong Steel Trend Analysis

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

Changjiang Jinggong Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Changjiang Jinggong Steel applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Changjiang Jinggong Steel will continue generating value for investors. It has 122 observation points and a regression sum of squares at 9.45, which is the sum of squared deviations for the predicted Changjiang Jinggong price change compared to its average price change.

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

Changjiang Jinggong November 26, 2024 Technical Indicators

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

Complementary Tools for Changjiang Stock analysis

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