Core Main Stock Technical Analysis

CNM Stock  USD 44.57  0.18  0.40%   
As of the 22nd of November, Core Main shows the Standard Deviation of 2.91, risk adjusted performance of (0.03), and Mean Deviation of 1.94. Core Main 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 Core Main information ratio and potential upside to decide if Core Main is priced correctly, providing market reflects its regular price of 44.57 per share. Given that Core Main has information ratio of (0.08), we suggest you to validate Core Main's prevailing market performance to make sure the company can sustain itself at a future point.

Core Main Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Core, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Core
  
Core Main'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.

Core Main Analyst Consensus

Target PriceAdvice# of Analysts
37.46Buy12Odds
Core Main current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Core analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Core stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Core Main, talking to its executives and customers, or listening to Core conference calls.
Core Analyst Advice Details
Core Main 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.
A focus of Core Main technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Core Main 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...

Core Main Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 Core Main volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Core Main Trend Analysis

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

Core Main Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Core Main applied against its price change over selected period. The best fit line has a slop of   0.03  , which may imply that Core Main will maintain its good market sentiment and make money for investors. It has 122 observation points and a regression sum of squares at 40.59, which is the sum of squared deviations for the predicted Core Main price change compared to its average price change.

About Core Main 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 Core Main 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 Core Main based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Core Main price pattern first instead of the macroeconomic environment surrounding Core Main. By analyzing Core Main'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 Core Main'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 Core Main specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2024 (projected)
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Core Main November 22, 2024 Technical Indicators

Most technical analysis of Core 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 Core from various momentum indicators to cycle indicators. When you analyze Core 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.

Core Main November 22, 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 Core 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.
When determining whether Core Main is a strong investment it is important to analyze Core Main'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 Core Main's future performance. For an informed investment choice regarding Core Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Main. 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.
To learn how to invest in Core Stock, please use our How to Invest in Core Main guide.
You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Core Main. If investors know Core will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Core Main listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Earnings Share
2.09
Revenue Per Share
37.819
Quarterly Revenue Growth
0.055
Return On Assets
0.0797
The market value of Core Main is measured differently than its book value, which is the value of Core that is recorded on the company's balance sheet. Investors also form their own opinion of Core Main's value that differs from its market value or its book value, called intrinsic value, which is Core Main's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Core Main's market value can be influenced by many factors that don't directly affect Core Main's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Core Main's value and its price as these two are different measures arrived at by different means. Investors typically determine if Core Main is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Core Main's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.