ScanSource (Germany) Technical Analysis

SC3 Stock  EUR 46.80  1.00  2.18%   
As of the 26th of November, ScanSource has the Semi Deviation of 1.81, coefficient of variation of 1556.56, and Risk Adjusted Performance of 0.0563. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of ScanSource, as well as the relationship between them. Please validate ScanSource coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if ScanSource is priced more or less accurately, providing market reflects its prevalent price of 46.8 per share.

ScanSource Momentum Analysis

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

ScanSource Technical Analysis

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The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 ScanSource volatility. High ATR values indicate high volatility, and low values indicate low volatility.

ScanSource Trend Analysis

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

ScanSource Best Fit Change Line

The following chart estimates an ordinary least squares regression model for ScanSource applied against its price change over selected period. The best fit line has a slop of   0.06  , which means ScanSource will continue generating value for investors. It has 122 observation points and a regression sum of squares at 127.28, which is the sum of squared deviations for the predicted ScanSource price change compared to its average price change.

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

ScanSource November 26, 2024 Technical Indicators

Most technical analysis of ScanSource 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 ScanSource from various momentum indicators to cycle indicators. When you analyze ScanSource 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.

Complementary Tools for ScanSource Stock analysis

When running ScanSource's price analysis, check to measure ScanSource'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 ScanSource is operating at the current time. Most of ScanSource's value examination focuses on studying past and present price action to predict the probability of ScanSource's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ScanSource's price. Additionally, you may evaluate how the addition of ScanSource to your portfolios can decrease your overall portfolio volatility.
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