Envveno Medical Corp Stock Technical Analysis
| NVNO Stock | USD 3.30 0.07 2.08% |
As of the 21st of November, EnVVeno Medical shows the risk adjusted performance of (0.09), and Coefficient Of Variation of (784.54). In respect to fundamental indicators, the technical analysis model provides you with a way to check existing technical drivers of EnVVeno Medical, as well as the relationship between them.
EnVVeno 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 EnVVeno, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EnVVenoEnVVeno |
EnVVeno Medical Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 20.4 | Strong Buy | 1 | Odds |
Most EnVVeno 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 EnVVeno stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of enVVeno Medical Corp, talking to its executives and customers, or listening to EnVVeno conference calls.
EnVVeno 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.
enVVeno Medical Corp Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 enVVeno Medical Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.
enVVeno Medical Corp Trend Analysis
Use this graph to draw trend lines for enVVeno Medical Corp. You can use it to identify possible trend reversals for EnVVeno 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 EnVVeno Medical price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.EnVVeno Medical Best Fit Change Line
The following chart estimates an ordinary least squares regression model for enVVeno Medical Corp applied against its price change over selected period. The best fit line has a slop of 0.04 , which may suggest that enVVeno Medical Corp market price will keep on failing further. It has 122 observation points and a regression sum of squares at 56.85, which is the sum of squared deviations for the predicted EnVVeno Medical price change compared to its average price change.About EnVVeno 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 enVVeno Medical Corp 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 enVVeno Medical Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on enVVeno Medical Corp price pattern first instead of the macroeconomic environment surrounding enVVeno Medical Corp. By analyzing EnVVeno 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 EnVVeno 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 EnVVeno Medical specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Payables Turnover | 1.28 | 1.34 | Days Of Inventory On Hand | 36.85 | 32.76 |
EnVVeno Medical November 21, 2024 Technical Indicators
Most technical analysis of EnVVeno 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 EnVVeno from various momentum indicators to cycle indicators. When you analyze EnVVeno 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 | (0.09) | |||
| Market Risk Adjusted Performance | (0.94) | |||
| Mean Deviation | 2.71 | |||
| Coefficient Of Variation | (784.54) | |||
| Standard Deviation | 4.57 | |||
| Variance | 20.84 | |||
| Information Ratio | (0.15) | |||
| Jensen Alpha | (0.64) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.95) | |||
| Maximum Drawdown | 33.2 | |||
| Value At Risk | (4.76) | |||
| Potential Upside | 4.22 | |||
| Skewness | (3.23) | |||
| Kurtosis | 19.62 |
EnVVeno Medical November 21, 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 EnVVeno 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 | 7,076 | ||
| Daily Balance Of Power | (0.47) | ||
| Rate Of Daily Change | 0.98 | ||
| Day Median Price | 3.31 | ||
| Day Typical Price | 3.30 | ||
| Price Action Indicator | (0.04) |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in enVVeno Medical Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
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 EnVVeno Medical. If investors know EnVVeno 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 EnVVeno 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 (1.29) | Return On Assets (0.37) | Return On Equity (0.59) |
The market value of enVVeno Medical Corp is measured differently than its book value, which is the value of EnVVeno that is recorded on the company's balance sheet. Investors also form their own opinion of EnVVeno Medical's value that differs from its market value or its book value, called intrinsic value, which is EnVVeno 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 EnVVeno Medical's market value can be influenced by many factors that don't directly affect EnVVeno 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 EnVVeno Medical's value and its price as these two are different measures arrived at by different means. Investors typically determine if EnVVeno Medical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EnVVeno 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.