Harmony Electronics (Taiwan) Technical Analysis

8182 Stock  TWD 34.00  1.30  3.98%   
As of the 20th of April, Harmony Electronics retains the Market Risk Adjusted Performance of 0.2371, risk adjusted performance of 0.0499, and Downside Deviation of 2.39. Harmony Electronics technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Harmony Electronics, which can be compared to its competitors. Please check out Harmony Electronics standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Harmony Electronics is priced fairly, providing market reflects its last-minute price of 34.0 per share.

Harmony Electronics Momentum Analysis

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

Harmony Electronics Technical Analysis

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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 Harmony Electronics volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Harmony Electronics Trend Analysis

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

Harmony Electronics Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Harmony Electronics applied against its price change over selected period. The best fit line has a slop of   0.07  , which means Harmony Electronics will continue generating value for investors. It has 122 observation points and a regression sum of squares at 192.7, which is the sum of squared deviations for the predicted Harmony Electronics price change compared to its average price change.

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

Harmony Electronics April 20, 2024 Technical Indicators

Most technical analysis of Harmony 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 Harmony from various momentum indicators to cycle indicators. When you analyze Harmony 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 Harmony Electronics. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Harmony Stock analysis

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