Phoenix Biotech Acquisition Stock Technical Analysis

PBAXWDelisted Stock   0.06  0.0001  0.16%   
As of the 24th of November, Phoenix Biotech holds the Risk Adjusted Performance of 0.1294, semi deviation of 19.45, and Coefficient Of Variation of 641.01. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Phoenix Biotech, as well as the relationship between them. Please check Phoenix Biotech Acqu variance and potential upside to decide if Phoenix Biotech Acqu is priced some-what accurately, providing market reflects its current price of 0.0611 per share. As Phoenix Biotech Acqu appears to be a penny stock we also advise to check out its total risk alpha numbers.

Phoenix Biotech Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Phoenix, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Phoenix
  
Phoenix Biotech's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.
Phoenix Biotech 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, delisted stock market cycles, or different charting patterns.
A focus of Phoenix Biotech technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Phoenix Biotech trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Phoenix Biotech Acqu Technical Analysis

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Phoenix Biotech Acqu Trend Analysis

Use this graph to draw trend lines for Phoenix Biotech Acquisition. You can use it to identify possible trend reversals for Phoenix Biotech 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 Phoenix Biotech price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Phoenix Biotech Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Phoenix Biotech Acquisition applied against its price change over selected period. The best fit line has a slop of   0.0004  , which means Phoenix Biotech Acquisition will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.01, which is the sum of squared deviations for the predicted Phoenix Biotech price change compared to its average price change.

About Phoenix Biotech 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 Phoenix Biotech Acquisition 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 Phoenix Biotech Acquisition based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Phoenix Biotech Acqu price pattern first instead of the macroeconomic environment surrounding Phoenix Biotech Acqu. By analyzing Phoenix Biotech'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 Phoenix Biotech'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 Phoenix Biotech specific price patterns or momentum indicators. Please read more on our technical analysis page.

Phoenix Biotech November 24, 2024 Technical Indicators

Most technical analysis of Phoenix 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 Phoenix from various momentum indicators to cycle indicators. When you analyze Phoenix 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.
Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.

Other Consideration for investing in Phoenix Stock

If you are still planning to invest in Phoenix Biotech Acqu check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Phoenix Biotech's history and understand the potential risks before investing.
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