Icecure Medical Stock Technical Analysis
| ICCM Stock | USD 0.71 0.11 18.33% |
As of the 24th of November, Icecure Medical retains the Downside Deviation of 4.41, market risk adjusted performance of (1.39), and Risk Adjusted Performance of 0.0339. Icecure Medical 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 Icecure Medical standard deviation and the relationship between the treynor ratio and kurtosis to decide if Icecure Medical is priced fairly, providing market reflects its last-minute price of 0.71 per share. As Icecure Medical is a penny stock we also advise to confirm its total risk alpha numbers.
Icecure Medical Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Icecure, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to IcecureIcecure |
Icecure Medical Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 2.91 | Strong Buy | 3 | Odds |
Most Icecure 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 Icecure stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Icecure Medical, talking to its executives and customers, or listening to Icecure conference calls.
Icecure Medical 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.
Icecure Medical Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Icecure Medical volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Icecure Medical Trend Analysis
Use this graph to draw trend lines for Icecure Medical. You can use it to identify possible trend reversals for Icecure Medical 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 Icecure Medical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Icecure Medical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Icecure Medical applied against its price change over selected period. The best fit line has a slop of 0.0009 , which means Icecure Medical will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted Icecure Medical price change compared to its average price change.About Icecure Medical 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 Icecure Medical 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 Icecure Medical based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Icecure Medical price pattern first instead of the macroeconomic environment surrounding Icecure Medical. By analyzing Icecure Medical'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 Icecure Medical'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 Icecure Medical specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Payables Turnover | 2.3 | 3.84 | 3.52 | Days Of Inventory On Hand | 635.86 | 430.47 | 259.86 |
Icecure Medical November 24, 2024 Technical Indicators
Most technical analysis of Icecure 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 Icecure from various momentum indicators to cycle indicators. When you analyze Icecure 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.
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| Math Transform | ||
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| Overlap Studies | ||
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| Volume Indicators |
| Risk Adjusted Performance | 0.0339 | |||
| Market Risk Adjusted Performance | (1.39) | |||
| Mean Deviation | 3.41 | |||
| Semi Deviation | 3.57 | |||
| Downside Deviation | 4.41 | |||
| Coefficient Of Variation | 3025.52 | |||
| Standard Deviation | 5.22 | |||
| Variance | 27.21 | |||
| Information Ratio | 0.008 | |||
| Jensen Alpha | 0.1764 | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 0.0094 | |||
| Treynor Ratio | (1.40) | |||
| Maximum Drawdown | 30.34 | |||
| Value At Risk | (6.90) | |||
| Potential Upside | 8.97 | |||
| Downside Variance | 19.43 | |||
| Semi Variance | 12.78 | |||
| Expected Short fall | (5.80) | |||
| Skewness | 1.24 | |||
| Kurtosis | 3.67 |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icecure Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. To learn how to invest in Icecure Stock, please use our How to Invest in Icecure Medical guide.You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Is Health Care Equipment & Supplies 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 Icecure Medical. If investors know Icecure 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 Icecure Medical listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.29) | Revenue Per Share 0.071 | Quarterly Revenue Growth 0.079 | Return On Assets (0.47) | Return On Equity (0.94) |
The market value of Icecure Medical is measured differently than its book value, which is the value of Icecure that is recorded on the company's balance sheet. Investors also form their own opinion of Icecure Medical's value that differs from its market value or its book value, called intrinsic value, which is Icecure Medical'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 Icecure Medical's market value can be influenced by many factors that don't directly affect Icecure Medical'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 Icecure Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icecure Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icecure Medical'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.