WONIK Materials (Korea) Technical Analysis

104830 Stock   35,950  650.00  1.84%   
As of the 18th of April 2024, WONIK Materials maintains the Risk Adjusted Performance of 0.0936, downside deviation of 1.76, and Mean Deviation of 1.78. WONIK Materials CoLtd 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 WONIK Materials CoLtd, which can be compared to its peers. Please check out WONIK Materials CoLtd coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if WONIK Materials CoLtd is priced some-what accurately, providing market reflects its latest price of 35950.0 per share.

WONIK Materials Momentum Analysis

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

WONIK Materials CoLtd Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 WONIK Materials CoLtd volatility. High ATR values indicate high volatility, and low values indicate low volatility.

WONIK Materials CoLtd Trend Analysis

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

WONIK Materials Best Fit Change Line

The following chart estimates an ordinary least squares regression model for WONIK Materials CoLtd applied against its price change over selected period. The best fit line has a slop of   147.90  , which means WONIK Materials CoLtd will continue producing value for investors. It has 122 observation points and a regression sum of squares at 8.2726711396E8, which is the sum of squared deviations for the predicted WONIK Materials price change compared to its average price change.

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

WONIK Materials April 18, 2024 Technical Indicators

Most technical analysis of WONIK 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 WONIK from various momentum indicators to cycle indicators. When you analyze WONIK 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in WONIK Materials CoLtd. 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 WONIK Materials CoLtd information on this page should be used as a complementary analysis to other WONIK Materials' 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for WONIK Stock analysis

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