Nova Technology (Taiwan) Technical Analysis

6613 Stock   188.50  0.50  0.26%   
As of the 28th of March, Nova Technology secures the Risk Adjusted Performance of 0.1828, mean deviation of 1.06, and Downside Deviation of 1.64. Nova Technology technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Nova Technology, which can be compared to its peers in the industry. Please verify Nova Technology jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Nova Technology is priced some-what accurately, providing market reflects its recent price of 188.5 per share.

Nova 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 Nova, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Nova
  
Nova 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.
Nova 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 Nova Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nova 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...

Nova Technology Technical Analysis

Indicator
Time Period
Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Nova Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Nova Technology Trend Analysis

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

Nova Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Nova Technology applied against its price change over selected period. The best fit line has a slop of   1.14  , which means Nova Technology will continue generating value for investors. It has 122 observation points and a regression sum of squares at 48795.47, which is the sum of squared deviations for the predicted Nova Technology price change compared to its average price change.

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

Nova Technology March 28, 2024 Technical Indicators

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

Nova Technology March 28, 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 Nova 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 Nova Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Nova Stock analysis

When running Nova Technology's price analysis, check to measure Nova 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 Nova Technology is operating at the current time. Most of Nova Technology's value examination focuses on studying past and present price action to predict the probability of Nova 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 Nova Technology's price. Additionally, you may evaluate how the addition of Nova Technology to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios
Odds Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Sign In To Macroaxis
Sign in to explore Macroaxis' wealth optimization platform and fintech modules
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Please note, there is a significant difference between Nova Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova 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.