Genovis AB (Sweden) Technical Analysis

GENO Stock  SEK 28.50  0.75  2.70%   
As of the 18th of April 2024, Genovis AB retains the Standard Deviation of 3.7, risk adjusted performance of (0.13), and Market Risk Adjusted Performance of (0.70). Genovis AB technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Genovis AB, which can be compared to its competitors. Please check out Genovis AB information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Genovis AB is priced fairly, providing market reflects its last-minute price of 28.5 per share.

Genovis AB Momentum Analysis

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

Genovis 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 Genovis AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Genovis AB Trend Analysis

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

Genovis AB Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Genovis AB applied against its price change over selected period. The best fit line has a slop of   0.39  , which may suggest that Genovis AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 5653.87, which is the sum of squared deviations for the predicted Genovis AB price change compared to its average price change.

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

Genovis AB April 18, 2024 Technical Indicators

Most technical analysis of Genovis 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 Genovis from various momentum indicators to cycle indicators. When you analyze Genovis 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genovis 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 Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Genovis Stock analysis

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