Olympic Steel (Germany) Technical Analysis
| OYS Stock | 31.20 0.20 0.65% |
As of the 7th of January, Olympic Steel holds the Coefficient Of Variation of (2,215), variance of 8.18, and Risk Adjusted Performance of (0.03). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Olympic Steel, as well as the relationship between them.
Olympic Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Olympic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OlympicOlympic |
Olympic Steel 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.
Olympic Steel 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 Olympic Steel volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Olympic Steel Trend Analysis
Use this graph to draw trend lines for Olympic Steel. You can use it to identify possible trend reversals for Olympic Steel 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 Olympic Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Olympic Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Olympic Steel applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Olympic Steel will continue generating value for investors. It has 122 observation points and a regression sum of squares at 6.34, which is the sum of squared deviations for the predicted Olympic Steel price change compared to its average price change.About Olympic Steel 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 Olympic Steel 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 Olympic Steel based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Olympic Steel price pattern first instead of the macroeconomic environment surrounding Olympic Steel. By analyzing Olympic Steel'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 Olympic Steel'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 Olympic Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
Olympic Steel January 7, 2025 Technical Indicators
Most technical analysis of Olympic 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 Olympic from various momentum indicators to cycle indicators. When you analyze Olympic 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 | ||
| Momentum Indicators | ||
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| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (3.84) | |||
| Mean Deviation | 2.03 | |||
| Coefficient Of Variation | (2,215) | |||
| Standard Deviation | 2.86 | |||
| Variance | 8.18 | |||
| Information Ratio | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (3.85) | |||
| Maximum Drawdown | 17.93 | |||
| Value At Risk | (4.42) | |||
| Potential Upside | 4.2 | |||
| Skewness | 1.52 | |||
| Kurtosis | 6.45 |
Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic Steel'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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.