Enel Generacion (Argentina) Technical Analysis

CECO2 Stock  ARS 369.50  13.00  3.65%   
As of the 19th of April, Enel Generacion shows the Variance of 15.98, mean deviation of 3.13, and Standard Deviation of 4.0. Enel Generacion Costanera technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze thirteen technical drivers for Enel Generacion Costanera, which can be compared to its peers. Please confirm Enel Generacion Costanera mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Enel Generacion Costanera is priced favorably, providing market reflects its regular price of 369.5 per share.

Enel Generacion Momentum Analysis

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

Enel Generacion Costanera Technical Analysis

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The output start index for this execution was fourteen with a total number of output elements of fourty-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 Enel Generacion Costanera volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Enel Generacion Costanera Trend Analysis

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

Enel Generacion Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Enel Generacion Costanera applied against its price change over selected period. The best fit line has a slop of   1.37  , which may suggest that Enel Generacion Costanera market price will keep on failing further. It has 122 observation points and a regression sum of squares at 70996.96, which is the sum of squared deviations for the predicted Enel Generacion price change compared to its average price change.

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

Enel Generacion April 19, 2024 Technical Indicators

Most technical analysis of Enel 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 Enel from various momentum indicators to cycle indicators. When you analyze Enel 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 Enel Generacion Costanera. 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 Enel Generacion Costanera information on this page should be used as a complementary analysis to other Enel Generacion'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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Enel Stock analysis

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