ABSA Bank (South Africa) Technical Analysis
| ABSP Stock | 85,480 2,480 2.99% |
As of the 16th of February 2025, ABSA Bank shows the Semi Deviation of 0.7782, mean deviation of 0.6028, and Coefficient Of Variation of 38705.92. ABSA Bank Limited 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 entity's future prices. Please confirm ABSA Bank Limited jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if ABSA Bank Limited is priced adequately, providing market reflects its regular price of 85480.0 per share.
ABSA Bank Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ABSA, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ABSAABSA |
ABSA Bank 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.
ABSA Bank Limited Technical Analysis
The output start index for this execution was twenty with a total number of output elements of fourty-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 ABSA Bank Limited volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ABSA Bank Limited Trend Analysis
Use this graph to draw trend lines for ABSA Bank Limited. You can use it to identify possible trend reversals for ABSA Bank 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 ABSA Bank price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ABSA Bank Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ABSA Bank Limited applied against its price change over selected period. The best fit line has a slop of 65.04 , which may suggest that ABSA Bank Limited market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.5997415332E8, which is the sum of squared deviations for the predicted ABSA Bank price change compared to its average price change.About ABSA Bank 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 ABSA Bank Limited 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 ABSA Bank Limited based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ABSA Bank Limited price pattern first instead of the macroeconomic environment surrounding ABSA Bank Limited. By analyzing ABSA Bank'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 ABSA Bank'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 ABSA Bank specific price patterns or momentum indicators. Please read more on our technical analysis page.
ABSA Bank February 16, 2025 Technical Indicators
Most technical analysis of ABSA 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 ABSA from various momentum indicators to cycle indicators. When you analyze ABSA 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0033 | |||
| Market Risk Adjusted Performance | 0.0562 | |||
| Mean Deviation | 0.6028 | |||
| Semi Deviation | 0.7782 | |||
| Downside Deviation | 0.8284 | |||
| Coefficient Of Variation | 38705.92 | |||
| Standard Deviation | 0.8297 | |||
| Variance | 0.6885 | |||
| Information Ratio | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0462 | |||
| Maximum Drawdown | 3.41 | |||
| Value At Risk | (1.16) | |||
| Potential Upside | 1.16 | |||
| Downside Variance | 0.6862 | |||
| Semi Variance | 0.6056 | |||
| Expected Short fall | (0.67) | |||
| Skewness | 0.3633 | |||
| Kurtosis | 1.95 |
Additional Tools for ABSA Stock Analysis
When running ABSA Bank's price analysis, check to measure ABSA Bank'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 ABSA Bank is operating at the current time. Most of ABSA Bank's value examination focuses on studying past and present price action to predict the probability of ABSA Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABSA Bank's price. Additionally, you may evaluate how the addition of ABSA Bank to your portfolios can decrease your overall portfolio volatility.