Filo Mining (Sweden) Technical Analysis

FIL Stock  SEK 197.60  3.80  1.96%   
As of the 20th of April, Filo Mining shows the Mean Deviation of 1.62, downside deviation of 2.31, and Coefficient Of Variation of 675.49. Filo Mining Corp 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 and interpolate nineteen technical drivers for Filo Mining Corp, which can be compared to its peers. Please confirm Filo Mining Corp treynor ratio, and the relationship between the variance and potential upside to decide if Filo Mining Corp is priced favorably, providing market reflects its regular price of 197.6 per share.

Filo Mining Momentum Analysis

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

Filo Mining Corp Technical Analysis

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The output start index for this execution was one with a total number of output elements of sixty. 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 Filo Mining Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Filo Mining Corp Trend Analysis

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

Filo Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Filo Mining Corp applied against its price change over selected period. The best fit line has a slop of   0.64  , which means Filo Mining Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 15438.38, which is the sum of squared deviations for the predicted Filo Mining price change compared to its average price change.

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

Filo Mining April 20, 2024 Technical Indicators

Most technical analysis of Filo 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 Filo from various momentum indicators to cycle indicators. When you analyze Filo 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 Filo Mining Corp. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Filo Stock analysis

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