Edoc Acquisition Corp Stock Technical Analysis

ADOCRDelisted Stock  USD 0.13  0.06  31.58%   
As of the 27th of November, Edoc Acquisition shows the Mean Deviation of 14.83, coefficient of variation of 910.26, and Downside Deviation of 24.17. Edoc Acquisition Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Edoc Acquisition Corp coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Edoc Acquisition Corp is priced favorably, providing market reflects its regular price of 0.13 per share. As Edoc Acquisition Corp appears to be a penny stock we also advise to verify its total risk alpha numbers.

Edoc Acquisition Momentum Analysis

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

Edoc Acquisition Corp Technical Analysis

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Edoc Acquisition Corp Trend Analysis

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

Edoc Acquisition Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Edoc Acquisition Corp applied against its price change over selected period. The best fit line has a slop of   0.0003  , which may suggest that Edoc Acquisition Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Edoc Acquisition price change compared to its average price change.

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

Edoc Acquisition November 27, 2024 Technical Indicators

Most technical analysis of Edoc 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 Edoc from various momentum indicators to cycle indicators. When you analyze Edoc 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.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Other Consideration for investing in Edoc Stock

If you are still planning to invest in Edoc Acquisition Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Edoc Acquisition's history and understand the potential risks before investing.
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