Elspec (Israel) Technical Analysis

ELSPC Stock  ILA 557.00  0.90  0.16%   
As of the 20th of April, Elspec shows the Mean Deviation of 2.46, coefficient of variation of 8594.35, and Downside Deviation of 3.18. Elspec 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 break down nineteen technical drivers for Elspec, which can be compared to its peers. Please confirm Elspec variance, maximum drawdown, as well as the relationship between the Maximum Drawdown and semi variance to decide if Elspec is priced favorably, providing market reflects its regular price of 557.0 per share.

Elspec Momentum Analysis

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

Elspec 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 Elspec volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Elspec Trend Analysis

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

Elspec Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Elspec applied against its price change over selected period. The best fit line has a slop of   0.14  , which means Elspec will continue generating value for investors. It has 122 observation points and a regression sum of squares at 725.51, which is the sum of squared deviations for the predicted Elspec price change compared to its average price change.

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

Elspec April 20, 2024 Technical Indicators

Most technical analysis of Elspec 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 Elspec from various momentum indicators to cycle indicators. When you analyze Elspec 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 Elspec. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Note that the Elspec information on this page should be used as a complementary analysis to other Elspec'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 Elspec Stock analysis

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