Hitech Development (Sweden) Technical Analysis

HDW-B Stock  SEK 0.02  0.0004  1.83%   
As of the 24th of April, Hitech Development retains the Risk Adjusted Performance of (0.08), standard deviation of 10.86, and Market Risk Adjusted Performance of 0.6079. Hitech Development 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 have analyzed thirteen technical drivers for Hitech Development, which can be compared to its competitors. Please check out Hitech Development coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Hitech Development is priced fairly, providing market reflects its last-minute price of 0.0215 per share.

Hitech Development Momentum Analysis

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

Hitech Development 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 Hitech Development volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Hitech Development Trend Analysis

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

Hitech Development Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hitech Development Wireless applied against its price change over selected period. The best fit line has a slop of   0.0006  , which may suggest that Hitech Development Wireless market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.02, which is the sum of squared deviations for the predicted Hitech Development price change compared to its average price change.

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

Hitech Development April 24, 2024 Technical Indicators

Most technical analysis of Hitech 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 Hitech from various momentum indicators to cycle indicators. When you analyze Hitech 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.

Hitech Development April 24, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Hitech stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hitech Development Wireless. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Hitech Development information on this page should be used as a complementary analysis to other Hitech Development'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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Hitech Stock analysis

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