Progressive Care Stock Technical Analysis

RXMDDelisted Stock  USD 2.11  0.00  0.00%   
As of the 29th of November, Progressive Care holds the Coefficient Of Variation of 1081.22, semi deviation of 8.81, and Risk Adjusted Performance of 0.0801. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Progressive Care, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have collected data for nineteen technical drivers for Progressive Care, which can be compared to its competitors. Please check Progressive Care variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Progressive Care is priced some-what accurately, providing market reflects its current price of 2.11 per share. Please also confirm Progressive Care total risk alpha, which is currently at (0.62) to check out the company can sustain itself at a future point.

Progressive Care Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Progressive, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Progressive
  
Progressive Care'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.
Progressive Care technical otc 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, otc market cycles, or different charting patterns.
A focus of Progressive Care technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Progressive Care 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...

Progressive Care Technical Analysis

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Progressive Care Trend Analysis

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

Progressive Care Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Progressive Care applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Progressive Care will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.82, which is the sum of squared deviations for the predicted Progressive Care price change compared to its average price change.

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

Progressive Care November 29, 2024 Technical Indicators

Most technical analysis of Progressive 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 Progressive from various momentum indicators to cycle indicators. When you analyze Progressive 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 otc stock could be closely tied with the direction of predictive economic indicators such as signals in population.
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 Progressive OTC Stock

If you are still planning to invest in Progressive Care 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 Progressive Care's history and understand the potential risks before investing.
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