Woori Technology (Korea) Technical Analysis

041190 Stock  KRW 8,960  60.00  0.67%   
As of the 25th of April, Woori Technology maintains the Mean Deviation of 3.84, market risk adjusted performance of 2.39, and Downside Deviation of 3.6. Woori Technology Inv technical analysis makes it possible for you to employ past prices and volume data with the intention to determine a pattern that calculates the direction of the company's future prices. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to analyze nineteen technical drivers for Woori Technology Inv, which can be compared to its peers. Please check out Woori Technology Inv downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Woori Technology Inv is priced fairly, providing market reflects its latest price of 8960.0 per share.

Woori Technology Momentum Analysis

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

Woori Technology Inv 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 Woori Technology Inv volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Woori Technology Inv Trend Analysis

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

Woori Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Woori Technology Investment applied against its price change over selected period. The best fit line has a slop of   42.54  , which means Woori Technology Investment will continue producing value for investors. It has 122 observation points and a regression sum of squares at 6.843397907E7, which is the sum of squared deviations for the predicted Woori Technology price change compared to its average price change.

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

Woori Technology April 25, 2024 Technical Indicators

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

Woori Technology April 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 Woori 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Woori Technology Investment. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Woori Technology Inv information on this page should be used as a complementary analysis to other Woori Technology's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.

Complementary Tools for Woori Stock analysis

When running Woori Technology's price analysis, check to measure Woori Technology'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 Woori Technology is operating at the current time. Most of Woori Technology's value examination focuses on studying past and present price action to predict the probability of Woori Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Woori Technology's price. Additionally, you may evaluate how the addition of Woori Technology to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Woori Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Woori Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Woori Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.