Harmony Biosciences Holdings Stock Technical Analysis
| HRMY Stock | USD 34.07 0.84 2.53% |
As of the 25th of November, Harmony Biosciences retains the Standard Deviation of 3.83, risk adjusted performance of 0.0061, and Market Risk Adjusted Performance of (0.01). Harmony Biosciences 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.
Harmony Biosciences Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Harmony, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HarmonyHarmony |
Harmony Biosciences Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 42.89 | Buy | 9 | Odds |
Most Harmony 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 Harmony stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Harmony Biosciences, talking to its executives and customers, or listening to Harmony conference calls.
Harmony Biosciences 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.
Harmony Biosciences 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 Harmony Biosciences volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Harmony Biosciences Trend Analysis
Use this graph to draw trend lines for Harmony Biosciences Holdings. You can use it to identify possible trend reversals for Harmony Biosciences 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 Harmony Biosciences price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Harmony Biosciences Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Harmony Biosciences Holdings applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that Harmony Biosciences Holdings market price will keep on failing further. It has 122 observation points and a regression sum of squares at 242.66, which is the sum of squared deviations for the predicted Harmony Biosciences price change compared to its average price change.About Harmony Biosciences 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 Harmony Biosciences Holdings 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 Harmony Biosciences Holdings based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Harmony Biosciences price pattern first instead of the macroeconomic environment surrounding Harmony Biosciences. By analyzing Harmony Biosciences'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 Harmony Biosciences'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 Harmony Biosciences specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 55.46 | 22.05 | 6.84 | 12.74 | Days Of Inventory On Hand | 29.14 | 18.79 | 16.15 | 15.34 |
Harmony Biosciences November 25, 2024 Technical Indicators
Most technical analysis of Harmony 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 Harmony from various momentum indicators to cycle indicators. When you analyze Harmony 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 | 0.0061 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 2.18 | |||
| Coefficient Of Variation | (39,530) | |||
| Standard Deviation | 3.83 | |||
| Variance | 14.63 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 34.59 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 3.62 | |||
| Skewness | (0.77) | |||
| Kurtosis | 12.31 |
Additional Tools for Harmony Stock Analysis
When running Harmony Biosciences' price analysis, check to measure Harmony Biosciences' 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 Harmony Biosciences is operating at the current time. Most of Harmony Biosciences' value examination focuses on studying past and present price action to predict the probability of Harmony Biosciences' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harmony Biosciences' price. Additionally, you may evaluate how the addition of Harmony Biosciences to your portfolios can decrease your overall portfolio volatility.