Westport Fuel Systems Stock Technical Analysis
| WPRT Stock | CAD 6.28 0.01 0.16% |
As of the 27th of November, Westport Fuel maintains the Mean Deviation of 1.38, market risk adjusted performance of 1.03, and Standard Deviation of 1.92. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Westport Fuel Systems, as well as the relationship between them.
Westport Fuel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Westport, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WestportWestport |
Westport Fuel 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.
Westport Fuel Systems Technical Analysis
The output start index for this execution was four with a total number of output elements of fifty-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 Westport Fuel Systems volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Westport Fuel Systems Trend Analysis
Use this graph to draw trend lines for Westport Fuel Systems. You can use it to identify possible trend reversals for Westport Fuel 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 Westport Fuel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Westport Fuel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Westport Fuel Systems applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Westport Fuel Systems market price will keep on failing further. It has 122 observation points and a regression sum of squares at 15.8, which is the sum of squared deviations for the predicted Westport Fuel price change compared to its average price change.About Westport Fuel 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 Westport Fuel Systems 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 Westport Fuel Systems based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Westport Fuel Systems price pattern first instead of the macroeconomic environment surrounding Westport Fuel Systems. By analyzing Westport Fuel'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 Westport Fuel'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 Westport Fuel specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Days Sales Outstanding | 118.43 | 121.3 | 96.89 | 92.05 | PTB Ratio | 1.61 | 0.65 | 0.71 | 0.68 |
Westport Fuel November 27, 2024 Technical Indicators
Most technical analysis of Westport 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 Westport from various momentum indicators to cycle indicators. When you analyze Westport 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 | (0.15) | |||
| Market Risk Adjusted Performance | 1.03 | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (489.88) | |||
| Standard Deviation | 1.92 | |||
| Variance | 3.67 | |||
| Information Ratio | (0.27) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.70) | |||
| Treynor Ratio | 1.02 | |||
| Maximum Drawdown | 9.58 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 2.87 | |||
| Skewness | (0.06) | |||
| Kurtosis | 1.93 |
Westport Fuel 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 Westport 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.
| Accumulation Distribution | 42.59 | ||
| Daily Balance Of Power | 0.10 | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 6.29 | ||
| Day Typical Price | 6.29 | ||
| Price Action Indicator | 0.00 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westport Fuel Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.