Stenocare (Denmark) Technical Analysis

STENO Stock  DKK 2.04  0.14  7.37%   
As of the 30th of November, Stenocare has the Semi Deviation of 6.46, risk adjusted performance of 0.0099, and Coefficient Of Variation of 106182.77. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Stenocare AS, as well as the relationship between them.

Stenocare Momentum Analysis

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

Stenocare AS Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Stenocare AS volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Stenocare AS Trend Analysis

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

Stenocare Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Stenocare AS applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Stenocare AS market price will keep on failing further. It has 122 observation points and a regression sum of squares at 7.64, which is the sum of squared deviations for the predicted Stenocare price change compared to its average price change.

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

Stenocare November 30, 2024 Technical Indicators

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

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