Chitogenx Stock Technical Analysis
CHNXF Stock | USD 0.01 0.00 0.00% |
As of the 20th of January, ChitogenX shows the Risk Adjusted Performance of 0.0938, standard deviation of 18.7, and Mean Deviation of 4.89. ChitogenX 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. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have analyzed and interpolated eleven technical drivers for ChitogenX, which can be compared to its peers. Please confirm ChitogenX coefficient of variation and maximum drawdown to decide if ChitogenX is priced correctly, providing market reflects its regular price of 0.015 per share. As ChitogenX appears to be a penny stock we also recommend to validate its information ratio numbers.
ChitogenX Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ChitogenX, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ChitogenXChitogenX |
ChitogenX technical otc 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, otc market cycles, or different charting patterns.
ChitogenX 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 ChitogenX volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ChitogenX Trend Analysis
Use this graph to draw trend lines for ChitogenX. You can use it to identify possible trend reversals for ChitogenX 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 ChitogenX price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ChitogenX Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ChitogenX applied against its price change over selected period. The best fit line has a slop of 0.0002 , which means ChitogenX will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted ChitogenX price change compared to its average price change.About ChitogenX 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 ChitogenX 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 ChitogenX based on its technical analysis. In general, a bottom-up approach, as applied to this otc stock, focuses on ChitogenX price pattern first instead of the macroeconomic environment surrounding ChitogenX. By analyzing ChitogenX'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 ChitogenX'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 ChitogenX specific price patterns or momentum indicators. Please read more on our technical analysis page.
ChitogenX January 20, 2025 Technical Indicators
Most technical analysis of ChitogenX 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 ChitogenX from various momentum indicators to cycle indicators. When you analyze ChitogenX 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 | 0.0938 | |||
Market Risk Adjusted Performance | (0.23) | |||
Mean Deviation | 4.89 | |||
Coefficient Of Variation | 992.37 | |||
Standard Deviation | 18.7 | |||
Variance | 349.81 | |||
Information Ratio | 0.0992 | |||
Jensen Alpha | 2.03 | |||
Total Risk Alpha | 1.43 | |||
Treynor Ratio | (0.24) | |||
Maximum Drawdown | 145.1 | |||
Skewness | 6.97 | |||
Kurtosis | 55.25 |
Complementary Tools for ChitogenX OTC Stock analysis
When running ChitogenX's price analysis, check to measure ChitogenX'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 ChitogenX is operating at the current time. Most of ChitogenX's value examination focuses on studying past and present price action to predict the probability of ChitogenX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChitogenX's price. Additionally, you may evaluate how the addition of ChitogenX to your portfolios can decrease your overall portfolio volatility.
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