ITM Power (Germany) Technical Analysis
| IJ8 Stock | EUR 0.41 0.02 4.65% |
As of the 19th of January, ITM Power retains the market risk adjusted performance of 0.8792, and Risk Adjusted Performance of (0.05). ITM Power 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 ITM Power Plc information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if ITM Power is priced correctly, providing market reflects its last-minute price of 0.41 per share.
ITM Power Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as ITM, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ITMITM |
ITM Power 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.
ITM Power Plc 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 ITM Power Plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.
ITM Power Plc Trend Analysis
Use this graph to draw trend lines for ITM Power Plc. You can use it to identify possible trend reversals for ITM Power 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 ITM Power price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.ITM Power Best Fit Change Line
The following chart estimates an ordinary least squares regression model for ITM Power Plc applied against its price change over selected period. The best fit line has a slop of 0.0012 , which may suggest that ITM Power Plc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.05, which is the sum of squared deviations for the predicted ITM Power price change compared to its average price change.About ITM Power 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 ITM Power Plc 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 ITM Power Plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on ITM Power Plc price pattern first instead of the macroeconomic environment surrounding ITM Power Plc. By analyzing ITM Power'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 ITM Power'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 ITM Power specific price patterns or momentum indicators. Please read more on our technical analysis page.
ITM Power January 19, 2025 Technical Indicators
Most technical analysis of ITM 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 ITM from various momentum indicators to cycle indicators. When you analyze ITM 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 | (0.05) | |||
| Market Risk Adjusted Performance | 0.8792 | |||
| Mean Deviation | 3.74 | |||
| Coefficient Of Variation | (1,492) | |||
| Standard Deviation | 4.9 | |||
| Variance | 23.97 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.33) | |||
| Total Risk Alpha | (0.45) | |||
| Treynor Ratio | 0.8692 | |||
| Maximum Drawdown | 27.94 | |||
| Value At Risk | (7.84) | |||
| Potential Upside | 6.52 | |||
| Skewness | 0.8149 | |||
| Kurtosis | 2.4 |
Complementary Tools for ITM Stock analysis
When running ITM Power's price analysis, check to measure ITM Power'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 ITM Power is operating at the current time. Most of ITM Power's value examination focuses on studying past and present price action to predict the probability of ITM Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ITM Power's price. Additionally, you may evaluate how the addition of ITM Power to your portfolios can decrease your overall portfolio volatility.
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