Magnora ASA (Norway) Technical Analysis
| MGN Stock | 24.75 0.05 0.20% |
As of the 27th of November, Magnora ASA secures the Downside Deviation of 1.99, risk adjusted performance of 0.0131, and Mean Deviation of 1.55. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Magnora ASA, as well as the relationship between them. Please verify Magnora ASA standard deviation, value at risk, kurtosis, as well as the relationship between the jensen alpha and semi variance to decide if Magnora ASA is priced some-what accurately, providing market reflects its recent price of 24.75 per share.
Magnora ASA Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Magnora, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MagnoraMagnora |
Magnora ASA 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.
Magnora ASA 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 Magnora ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Magnora ASA Trend Analysis
Use this graph to draw trend lines for Magnora ASA. You can use it to identify possible trend reversals for Magnora ASA 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 Magnora ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Magnora ASA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Magnora ASA applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Magnora ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 7.88, which is the sum of squared deviations for the predicted Magnora ASA price change compared to its average price change.About Magnora ASA 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 Magnora ASA 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 Magnora ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Magnora ASA price pattern first instead of the macroeconomic environment surrounding Magnora ASA. By analyzing Magnora ASA'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 Magnora ASA'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 Magnora ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Magnora ASA November 27, 2024 Technical Indicators
Most technical analysis of Magnora 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 Magnora from various momentum indicators to cycle indicators. When you analyze Magnora 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 | 0.0131 | |||
| Market Risk Adjusted Performance | 0.0336 | |||
| Mean Deviation | 1.55 | |||
| Semi Deviation | 1.78 | |||
| Downside Deviation | 1.99 | |||
| Coefficient Of Variation | 11286.79 | |||
| Standard Deviation | 2.05 | |||
| Variance | 4.22 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0236 | |||
| Maximum Drawdown | 8.34 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.78 | |||
| Downside Variance | 3.96 | |||
| Semi Variance | 3.17 | |||
| Expected Short fall | (1.79) | |||
| Skewness | 0.5216 | |||
| Kurtosis | 0.1807 |
Magnora ASA November 27, 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 Magnora 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.
| Accumulation Distribution | 5,324 | ||
| Daily Balance Of Power | (0.06) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 24.98 | ||
| Day Typical Price | 24.90 | ||
| Price Action Indicator | (0.25) |
Other Information on Investing in Magnora Stock
Magnora ASA financial ratios help investors to determine whether Magnora Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Magnora with respect to the benefits of owning Magnora ASA security.