Dromeas SA (Greece) Technical Analysis

DROME Stock  EUR 0.34  0.01  3.03%   
As of the 18th of April 2024, Dromeas SA shows the Mean Deviation of 2.17, variance of 8.8, and Standard Deviation of 2.97. Dromeas SA 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 and collect data for thirteen technical drivers for Dromeas SA, which can be compared to its peers. Please confirm Dromeas SA variance and value at risk to decide if Dromeas SA is priced favorably, providing market reflects its regular price of 0.34 per share.

Dromeas SA Momentum Analysis

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

Dromeas SA Technical Analysis

Indicator
Time Period
Execute Indicator
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 Dromeas SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Dromeas SA Trend Analysis

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

Dromeas SA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Dromeas SA applied against its price change over selected period. The best fit line has a slop of   0.0004  , which may suggest that Dromeas SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.0, which is the sum of squared deviations for the predicted Dromeas SA price change compared to its average price change.

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

Dromeas SA April 18, 2024 Technical Indicators

Most technical analysis of Dromeas 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 Dromeas from various momentum indicators to cycle indicators. When you analyze Dromeas 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dromeas SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the Dromeas SA information on this page should be used as a complementary analysis to other Dromeas SA'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 Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Dromeas Stock analysis

When running Dromeas SA's price analysis, check to measure Dromeas SA'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 Dromeas SA is operating at the current time. Most of Dromeas SA's value examination focuses on studying past and present price action to predict the probability of Dromeas SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dromeas SA's price. Additionally, you may evaluate how the addition of Dromeas SA to your portfolios can decrease your overall portfolio volatility.
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Alpha Finder
Use alpha and beta coefficients to find investment opportunities after accounting for the risk
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Equity Valuation
Check real value of public entities based on technical and fundamental data
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Portfolio Dashboard
Portfolio dashboard that provides centralized access to all your investments
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
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Please note, there is a significant difference between Dromeas SA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Dromeas SA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dromeas SA'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.