Solitron Devices Stock Technical Analysis

SODI Stock  USD 16.00  0.74  4.42%   
As of the 27th of November, Solitron Devices has the Coefficient Of Variation of (2,631), risk adjusted performance of (0.02), and Variance of 6.58. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Solitron Devices, as well as the relationship between them.

Solitron Devices Momentum Analysis

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

Solitron Devices Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Solitron Devices volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Solitron Devices Trend Analysis

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

Solitron Devices Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Solitron Devices applied against its price change over selected period. The best fit line has a slop of   0.04  , which may suggest that Solitron Devices market price will keep on failing further. It has 122 observation points and a regression sum of squares at 55.0, which is the sum of squared deviations for the predicted Solitron Devices price change compared to its average price change.

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

Solitron Devices November 27, 2024 Technical Indicators

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

Solitron Devices November 27, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Solitron stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Complementary Tools for Solitron Pink Sheet analysis

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