Addentax Group Corp Stock Technical Analysis
ATXG Stock | USD 0.56 0.01 1.82% |
As of the 25th of November, Addentax Group shows the mean deviation of 4.22, and Risk Adjusted Performance of 9.0E-4. Addentax Group Corp 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 Addentax Group Corp market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Addentax Group Corp is priced correctly, providing market reflects its regular price of 0.56 per share. As Addentax Group Corp is a penny stock we also strongly suggest to validate its jensen alpha numbers.
Addentax Group Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Addentax, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to AddentaxAddentax |
Addentax Group 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.
Addentax Group Corp Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 Addentax Group Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Addentax Group Corp Trend Analysis
Use this graph to draw trend lines for Addentax Group Corp. You can use it to identify possible trend reversals for Addentax Group 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 Addentax Group price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Addentax Group Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Addentax Group Corp applied against its price change over selected period. The best fit line has a slop of 0.0007 , which means Addentax Group Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Addentax Group price change compared to its average price change.About Addentax Group 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 Addentax Group 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 Addentax Group Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Addentax Group Corp price pattern first instead of the macroeconomic environment surrounding Addentax Group Corp. By analyzing Addentax Group'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 Addentax Group'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 Addentax Group specific price patterns or momentum indicators. Please read more on our technical analysis page.
2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 7.96 | 22.82 | 11.23 | 7.35 | Days Of Inventory On Hand | 9.16 | 17.08 | 5.74 | 5.45 |
Addentax Group November 25, 2024 Technical Indicators
Most technical analysis of Addentax 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 Addentax from various momentum indicators to cycle indicators. When you analyze Addentax 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 9.0E-4 | |||
Market Risk Adjusted Performance | (0.22) | |||
Mean Deviation | 4.22 | |||
Coefficient Of Variation | (9,777) | |||
Standard Deviation | 5.95 | |||
Variance | 35.45 | |||
Information Ratio | (0.03) | |||
Jensen Alpha | (0.11) | |||
Total Risk Alpha | (1.01) | |||
Treynor Ratio | (0.23) | |||
Maximum Drawdown | 32.86 | |||
Value At Risk | (8.33) | |||
Potential Upside | 10.29 | |||
Skewness | 1.1 | |||
Kurtosis | 2.17 |
Addentax Group November 25, 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 Addentax 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.
Accumulation Distribution | 159.72 | ||
Daily Balance Of Power | 0.33 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 0.56 | ||
Day Typical Price | 0.56 | ||
Price Action Indicator | 0.00 |
Complementary Tools for Addentax Stock analysis
When running Addentax Group's price analysis, check to measure Addentax Group'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 Addentax Group is operating at the current time. Most of Addentax Group's value examination focuses on studying past and present price action to predict the probability of Addentax Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addentax Group's price. Additionally, you may evaluate how the addition of Addentax Group to your portfolios can decrease your overall portfolio volatility.
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