Grendene (Brazil) Technical Analysis
| GRND3 Stock | BRL 5.22 0.07 1.32% |
As of the 26th of November, Grendene retains the Risk Adjusted Performance of (0.12), standard deviation of 1.19, and Market Risk Adjusted Performance of (0.98). Grendene technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Please check out Grendene SA variance, treynor ratio, and the relationship between the standard deviation and information ratio to decide if Grendene is priced fairly, providing market reflects its last-minute price of 5.22 per share.
Grendene Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Grendene, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GrendeneGrendene |
Grendene 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.
Grendene SA Technical Analysis
The output start index for this execution was one with a total number of output elements of sixty. 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 Grendene SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Grendene SA Trend Analysis
Use this graph to draw trend lines for Grendene SA. You can use it to identify possible trend reversals for Grendene 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 Grendene price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Grendene Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Grendene SA applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Grendene SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 8.26, which is the sum of squared deviations for the predicted Grendene price change compared to its average price change.About Grendene 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 Grendene SA 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 Grendene SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Grendene SA price pattern first instead of the macroeconomic environment surrounding Grendene SA. By analyzing Grendene'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 Grendene'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 Grendene specific price patterns or momentum indicators. Please read more on our technical analysis page.
Grendene November 26, 2024 Technical Indicators
Most technical analysis of Grendene 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 Grendene from various momentum indicators to cycle indicators. When you analyze Grendene 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 | (0.12) | |||
| Market Risk Adjusted Performance | (0.98) | |||
| Mean Deviation | 0.8892 | |||
| Coefficient Of Variation | (598.35) | |||
| Standard Deviation | 1.19 | |||
| Variance | 1.41 | |||
| Information Ratio | (0.28) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.99) | |||
| Maximum Drawdown | 6.03 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 1.69 | |||
| Skewness | (0.39) | |||
| Kurtosis | 1.26 |
Additional Tools for Grendene Stock Analysis
When running Grendene's price analysis, check to measure Grendene'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 Grendene is operating at the current time. Most of Grendene's value examination focuses on studying past and present price action to predict the probability of Grendene's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grendene's price. Additionally, you may evaluate how the addition of Grendene to your portfolios can decrease your overall portfolio volatility.