Alternus Energy (Norway) Technical Analysis
| ALT Stock | 0.38 0.02 5.00% |
As of the 2nd of December, Alternus Energy shows the Risk Adjusted Performance of (0.06), standard deviation of 14.01, and Mean Deviation of 9.6. Alternus Energy Group 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. Please confirm Alternus Energy Group standard deviation, as well as the relationship between the treynor ratio and potential upside to decide if Alternus Energy Group is priced correctly, providing market reflects its regular price of 0.38 per share.
Alternus Energy Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Alternus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AlternusAlternus |
Alternus Energy 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.
Alternus Energy Group Technical Analysis
The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Alternus Energy Group volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Alternus Energy Group Trend Analysis
Use this graph to draw trend lines for Alternus Energy Group. You can use it to identify possible trend reversals for Alternus Energy 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 Alternus Energy price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Alternus Energy Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Alternus Energy Group applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Alternus Energy Group market price will keep on failing further. It has 122 observation points and a regression sum of squares at 20.54, which is the sum of squared deviations for the predicted Alternus Energy price change compared to its average price change.About Alternus Energy 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 Alternus Energy Group 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 Alternus Energy Group based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Alternus Energy Group price pattern first instead of the macroeconomic environment surrounding Alternus Energy Group. By analyzing Alternus Energy'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 Alternus Energy'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 Alternus Energy specific price patterns or momentum indicators. Please read more on our technical analysis page.
Alternus Energy December 2, 2024 Technical Indicators
Most technical analysis of Alternus 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 Alternus from various momentum indicators to cycle indicators. When you analyze Alternus 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 | (0.06) | |||
| Market Risk Adjusted Performance | 0.4029 | |||
| Mean Deviation | 9.6 | |||
| Coefficient Of Variation | (1,027) | |||
| Standard Deviation | 14.01 | |||
| Variance | 196.33 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (0.93) | |||
| Total Risk Alpha | (3.71) | |||
| Treynor Ratio | 0.3929 | |||
| Maximum Drawdown | 97.06 | |||
| Value At Risk | (23.68) | |||
| Potential Upside | 16.67 | |||
| Skewness | (0.04) | |||
| Kurtosis | 3.28 |
Additional Information and Resources on Investing in Alternus Stock
When determining whether Alternus Energy Group is a strong investment it is important to analyze Alternus Energy's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Alternus Energy's future performance. For an informed investment choice regarding Alternus Stock, refer to the following important reports:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alternus Energy Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.