Stora Enso (Finland) Technical Analysis

STEAV Stock  EUR 9.56  0.20  2.14%   
As of the 25th of November, Stora Enso has the Coefficient Of Variation of (616.94), variance of 4.14, and Risk Adjusted Performance of (0.12). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Stora Enso Oyj, as well as the relationship between them.

Stora Enso Momentum Analysis

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

Stora Enso Oyj 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 Stora Enso Oyj volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Stora Enso Oyj Trend Analysis

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

Stora Enso Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Stora Enso Oyj applied against its price change over selected period. The best fit line has a slop of   0.03  , which may suggest that Stora Enso Oyj market price will keep on failing further. It has 122 observation points and a regression sum of squares at 31.46, which is the sum of squared deviations for the predicted Stora Enso price change compared to its average price change.

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

Stora Enso November 25, 2024 Technical Indicators

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

Stora Enso November 25, 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 Stora 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 Stora Stock analysis

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