Danimer Scientific Stock Technical Analysis
| DNMR Stock | USD 4.74 0.46 8.85% |
As of the 26th of November, Danimer Scientific shows the Mean Deviation of 5.49, standard deviation of 7.65, and Variance of 58.52. Danimer Scientific technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Danimer Scientific variance and potential upside to decide if Danimer Scientific is priced favorably, providing market reflects its regular price of 4.74 per share. Given that Danimer Scientific has information ratio of (0.19), we urge you to verify Danimer Scientific's prevailing market performance to make sure the company can sustain itself at a future point.
Danimer Scientific Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Danimer, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to DanimerDanimer |
Danimer Scientific Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 4.3 | Hold | 3 | Odds |
Most Danimer 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 Danimer stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Danimer Scientific, talking to its executives and customers, or listening to Danimer conference calls.
Danimer Scientific 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.
Danimer Scientific 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 Danimer Scientific volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Danimer Scientific Trend Analysis
Use this graph to draw trend lines for Danimer Scientific. You can use it to identify possible trend reversals for Danimer Scientific 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 Danimer Scientific price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Danimer Scientific Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Danimer Scientific applied against its price change over selected period. The best fit line has a slop of 0.11 , which may suggest that Danimer Scientific market price will keep on failing further. It has 122 observation points and a regression sum of squares at 476.53, which is the sum of squared deviations for the predicted Danimer Scientific price change compared to its average price change.About Danimer Scientific 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 Danimer Scientific 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 Danimer Scientific based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Danimer Scientific price pattern first instead of the macroeconomic environment surrounding Danimer Scientific. By analyzing Danimer Scientific'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 Danimer Scientific'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 Danimer Scientific specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 152.59 | 166.74 | 147.65 | 90.0 | PTB Ratio | 63.41 | 19.17 | 14.97 | 14.22 |
Danimer Scientific November 26, 2024 Technical Indicators
Most technical analysis of Danimer 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 Danimer from various momentum indicators to cycle indicators. When you analyze Danimer 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 | (0.13) | |||
| Market Risk Adjusted Performance | (0.76) | |||
| Mean Deviation | 5.49 | |||
| Coefficient Of Variation | (570.08) | |||
| Standard Deviation | 7.65 | |||
| Variance | 58.52 | |||
| Information Ratio | (0.19) | |||
| Jensen Alpha | (1.56) | |||
| Total Risk Alpha | (2.56) | |||
| Treynor Ratio | (0.77) | |||
| Maximum Drawdown | 43.45 | |||
| Value At Risk | (14.00) | |||
| Potential Upside | 12.24 | |||
| Skewness | 0.1058 | |||
| Kurtosis | 1.07 |
Danimer Scientific November 26, 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 Danimer 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 | 15,366 | ||
| Daily Balance Of Power | (0.59) | ||
| Rate Of Daily Change | 0.91 | ||
| Day Median Price | 4.81 | ||
| Day Typical Price | 4.79 | ||
| Price Action Indicator | (0.30) |
Additional Tools for Danimer Stock Analysis
When running Danimer Scientific's price analysis, check to measure Danimer Scientific'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 Danimer Scientific is operating at the current time. Most of Danimer Scientific's value examination focuses on studying past and present price action to predict the probability of Danimer Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Danimer Scientific's price. Additionally, you may evaluate how the addition of Danimer Scientific to your portfolios can decrease your overall portfolio volatility.