Footway Group (Sweden) Technical Analysis

FOOT-B Stock  SEK 1.18  0.05  4.07%   
As of the 28th of March, Footway Group shows the Coefficient Of Variation of 11571.66, downside deviation of 7.23, and Mean Deviation of 4.6. Footway Group AB 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 interpolate nineteen technical drivers for Footway Group AB, which can be compared to its rivals. Please confirm Footway Group AB standard deviation, information ratio, treynor ratio, as well as the relationship between the variance and jensen alpha to decide if Footway Group AB is priced favorably, providing market reflects its regular price of 1.18 per share.

Footway Group Momentum Analysis

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

Footway Group AB Technical Analysis

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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 Footway Group AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Footway Group AB Trend Analysis

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

Footway Group Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Footway Group AB applied against its price change over selected period. The best fit line has a slop of   0.0071  , which may suggest that Footway Group AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.89, which is the sum of squared deviations for the predicted Footway Group price change compared to its average price change.

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

Footway Group March 28, 2024 Technical Indicators

Most technical analysis of Footway 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 Footway from various momentum indicators to cycle indicators. When you analyze Footway 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 Footway Group AB. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

Complementary Tools for Footway Stock analysis

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