Elcora Advanced Materials Stock Technical Analysis

ERA Stock  CAD 0.02  0.00  0.00%   
As of the 29th of November, Elcora Advanced shows the Downside Deviation of 24.8, mean deviation of 4.51, and Semi Deviation of 7.14. Elcora Advanced Materials 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 Elcora Advanced Materials coefficient of variation and the relationship between the jensen alpha and skewness to decide if Elcora Advanced Materials is priced favorably, providing market reflects its regular price of 0.02 per share.

Elcora Advanced Momentum Analysis

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

Elcora Advanced Materials Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-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 Elcora Advanced Materials volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Elcora Advanced Materials Trend Analysis

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

Elcora Advanced Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Elcora Advanced Materials applied against its price change over selected period. The best fit line has a slop of   0.000057  , which means Elcora Advanced Materials 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 Elcora Advanced price change compared to its average price change.

About Elcora Advanced 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 Elcora Advanced Materials 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 Elcora Advanced Materials based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elcora Advanced Materials price pattern first instead of the macroeconomic environment surrounding Elcora Advanced Materials. By analyzing Elcora Advanced'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 Elcora Advanced'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 Elcora Advanced specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Payables Turnover0.150.14
Days Of Inventory On Hand68.2860.69

Elcora Advanced November 29, 2024 Technical Indicators

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

Elcora Advanced November 29, 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 Elcora 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.

Additional Tools for Elcora Stock Analysis

When running Elcora Advanced's price analysis, check to measure Elcora Advanced'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 Elcora Advanced is operating at the current time. Most of Elcora Advanced's value examination focuses on studying past and present price action to predict the probability of Elcora Advanced's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elcora Advanced's price. Additionally, you may evaluate how the addition of Elcora Advanced to your portfolios can decrease your overall portfolio volatility.