Idex ASA (Norway) Technical Analysis

IDEX Stock  NOK 1.91  0.06  3.05%   
As of the 26th of April, Idex ASA retains the Market Risk Adjusted Performance of 0.2285, downside deviation of 4.44, and Risk Adjusted Performance of 0.0237. Idex ASA 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 nineteen technical drivers for Idex ASA, which can be compared to its competitors. Please check out Idex ASA coefficient of variation, variance, and the relationship between the downside deviation and standard deviation to decide if Idex ASA is priced fairly, providing market reflects its last-minute price of 1.91 per share.

Idex ASA Momentum Analysis

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

Idex ASA 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 Idex ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Idex ASA Trend Analysis

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

Idex ASA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Idex ASA applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Idex ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 5.29, which is the sum of squared deviations for the predicted Idex ASA price change compared to its average price change.

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

Idex ASA April 26, 2024 Technical Indicators

Most technical analysis of Idex 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 Idex from various momentum indicators to cycle indicators. When you analyze Idex 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 Idex ASA. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.

Complementary Tools for Idex Stock analysis

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