Promimic (Sweden) Technical Analysis
| PRO Stock | 29.00 2.20 8.21% |
As of the 2nd of December, Promimic holds the Coefficient Of Variation of (1,550), variance of 12.12, and Risk Adjusted Performance of (0.04). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Promimic, as well as the relationship between them.
Promimic Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Promimic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to PromimicPromimic |
Promimic 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.
Promimic AB Technical Analysis
The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. 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 Promimic AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Promimic AB Trend Analysis
Use this graph to draw trend lines for Promimic AB. You can use it to identify possible trend reversals for Promimic 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 Promimic price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Promimic Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Promimic AB applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Promimic AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 191.53, which is the sum of squared deviations for the predicted Promimic price change compared to its average price change.About Promimic 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 Promimic AB 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 Promimic AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Promimic AB price pattern first instead of the macroeconomic environment surrounding Promimic AB. By analyzing Promimic'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 Promimic'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 Promimic specific price patterns or momentum indicators. Please read more on our technical analysis page.
Promimic December 2, 2024 Technical Indicators
Most technical analysis of Promimic 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 Promimic from various momentum indicators to cycle indicators. When you analyze Promimic 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 | (0.04) | |||
| Market Risk Adjusted Performance | (3.85) | |||
| Mean Deviation | 2.34 | |||
| Coefficient Of Variation | (1,550) | |||
| Standard Deviation | 3.48 | |||
| Variance | 12.12 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.82) | |||
| Treynor Ratio | (3.86) | |||
| Maximum Drawdown | 23.96 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 7.2 | |||
| Skewness | 0.0445 | |||
| Kurtosis | 3.65 |
Additional Tools for Promimic Stock Analysis
When running Promimic's price analysis, check to measure Promimic'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 Promimic is operating at the current time. Most of Promimic's value examination focuses on studying past and present price action to predict the probability of Promimic's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Promimic's price. Additionally, you may evaluate how the addition of Promimic to your portfolios can decrease your overall portfolio volatility.