Cano Health Stock Technical Analysis

CANODelisted Stock  USD 1.37  0.04  2.84%   
As of the 26th of November, Cano Health shows the Mean Deviation of 4.54, risk adjusted performance of 0.0471, and Downside Deviation of 5.23. Cano Health 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.

Cano Health Momentum Analysis

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

Cano Health Technical Analysis

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Cano Health Trend Analysis

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

Cano Health Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Cano Health applied against its price change over selected period. The best fit line has a slop of    , which means Cano Health will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.78, which is the sum of squared deviations for the predicted Cano Health price change compared to its average price change.

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

Cano Health November 26, 2024 Technical Indicators

Most technical analysis of Cano 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 Cano from various momentum indicators to cycle indicators. When you analyze Cano 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 board of governors.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Other Consideration for investing in Cano Stock

If you are still planning to invest in Cano Health 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 Cano Health's history and understand the potential risks before investing.
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