Spirit Airlines Stock Technical Analysis
| SAVE Stock | USD 0.13 0.02 13.33% |
As of the 21st of November, Spirit Airlines has the Coefficient Of Variation of (953.89), variance of 290.16, and Risk Adjusted Performance of (0.07). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Spirit Airlines, as well as the relationship between them. Please validate Spirit Airlines variance and value at risk to decide if Spirit Airlines is priced more or less accurately, providing market reflects its prevalent price of 0.13 per share. As Spirit Airlines appears to be a penny stock we also recommend to double-check its jensen alpha numbers.
Spirit Airlines Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Spirit, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SpiritSpirit |
Spirit Airlines Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 18.75 | Sell | 8 | Odds |
Most Spirit 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 Spirit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Spirit Airlines, talking to its executives and customers, or listening to Spirit conference calls.
Spirit Airlines 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.
Spirit Airlines Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-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 Spirit Airlines volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Spirit Airlines Trend Analysis
Use this graph to draw trend lines for Spirit Airlines. You can use it to identify possible trend reversals for Spirit Airlines 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 Spirit Airlines price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Spirit Airlines Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Spirit Airlines applied against its price change over selected period. The best fit line has a slop of 0.01 , which may suggest that Spirit Airlines market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.38, which is the sum of squared deviations for the predicted Spirit Airlines price change compared to its average price change.About Spirit Airlines 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 Spirit Airlines 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 Spirit Airlines based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Spirit Airlines price pattern first instead of the macroeconomic environment surrounding Spirit Airlines. By analyzing Spirit Airlines'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 Spirit Airlines'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 Spirit Airlines specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2023 | 2024 (projected) | Dividend Yield | 0.0237 | 0.021 | Price To Sales Ratio | 0.33 | 0.32 |
Spirit Airlines November 21, 2024 Technical Indicators
Most technical analysis of Spirit 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 Spirit from various momentum indicators to cycle indicators. When you analyze Spirit 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 | (0.07) | |||
| Market Risk Adjusted Performance | (1.62) | |||
| Mean Deviation | 7.96 | |||
| Coefficient Of Variation | (953.89) | |||
| Standard Deviation | 17.03 | |||
| Variance | 290.16 | |||
| Information Ratio | (0.11) | |||
| Jensen Alpha | (1.89) | |||
| Total Risk Alpha | (3.73) | |||
| Treynor Ratio | (1.63) | |||
| Maximum Drawdown | 112.38 | |||
| Value At Risk | (21.43) | |||
| Potential Upside | 15.29 | |||
| Skewness | (1.64) | |||
| Kurtosis | 12.29 |
Complementary Tools for Spirit Stock analysis
When running Spirit Airlines' price analysis, check to measure Spirit Airlines' 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 Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
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