Magnachip Semiconductor Stock Technical Analysis

MX Stock  USD 5.55  0.01  0.18%   
As of the 28th of March, MagnaChip Semiconductor secures the Standard Deviation of 2.72, mean deviation of 1.86, and Risk Adjusted Performance of (0.08). In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of MagnaChip Semiconductor, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated thirteen technical drivers for MagnaChip Semiconductor, which can be compared to its peers in the industry. Please verify MagnaChip Semiconductor coefficient of variation and value at risk to decide if MagnaChip Semiconductor is priced some-what accurately, providing market reflects its recent price of 5.55 per share. Given that MagnaChip Semiconductor has information ratio of (0.22), we recommend you to check MagnaChip Semiconductor's last-minute market performance to make sure the company can sustain itself at a future point.

MagnaChip Semiconductor Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MagnaChip, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MagnaChip
  
MagnaChip Semiconductor'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.

MagnaChip Semiconductor Analyst Consensus

Target PriceAdvice# of Analysts
14.0Buy3Odds
MagnaChip Semiconductor current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most MagnaChip analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand MagnaChip stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of MagnaChip Semiconductor, talking to its executives and customers, or listening to MagnaChip conference calls.
MagnaChip Analyst Advice Details
MagnaChip Semiconductor 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 MagnaChip Semiconductor technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of MagnaChip Semiconductor 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...

MagnaChip Semiconductor Technical Analysis

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Execute Indicator
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 MagnaChip Semiconductor volatility. High ATR values indicate high volatility, and low values indicate low volatility.

MagnaChip Semiconductor Trend Analysis

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

MagnaChip Semiconductor Best Fit Change Line

The following chart estimates an ordinary least squares regression model for MagnaChip Semiconductor applied against its price change over selected period. The best fit line has a slop of   0.04  , which may indicate that the price for MagnaChip Semiconductor will continue to decline. It has 122 observation points and a regression sum of squares at 48.51, which is the sum of squared deviations for the predicted MagnaChip Semiconductor price change compared to its average price change.

About MagnaChip Semiconductor 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 MagnaChip Semiconductor 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 MagnaChip Semiconductor based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on MagnaChip Semiconductor price pattern first instead of the macroeconomic environment surrounding MagnaChip Semiconductor. By analyzing MagnaChip Semiconductor'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 MagnaChip Semiconductor'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 MagnaChip Semiconductor specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 2024 (projected)
Dividend Yield0.0043490.0018430.001751
Price To Sales Ratio2.071.361.43

MagnaChip Semiconductor March 28, 2024 Technical Indicators

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

MagnaChip Semiconductor March 28, 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 MagnaChip 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.
When determining whether MagnaChip Semiconductor offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of MagnaChip Semiconductor's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magnachip Semiconductor Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magnachip Semiconductor Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MagnaChip Semiconductor. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest.
For more information on how to buy MagnaChip Stock please use our How to Invest in MagnaChip Semiconductor guide.
You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.

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When running MagnaChip Semiconductor's price analysis, check to measure MagnaChip Semiconductor'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 MagnaChip Semiconductor is operating at the current time. Most of MagnaChip Semiconductor's value examination focuses on studying past and present price action to predict the probability of MagnaChip Semiconductor's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MagnaChip Semiconductor's price. Additionally, you may evaluate how the addition of MagnaChip Semiconductor to your portfolios can decrease your overall portfolio volatility.
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Is MagnaChip Semiconductor's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MagnaChip Semiconductor. If investors know MagnaChip will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MagnaChip Semiconductor listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.95)
Earnings Share
(0.89)
Revenue Per Share
5.609
Quarterly Revenue Growth
(0.17)
Return On Assets
(0.06)
The market value of MagnaChip Semiconductor is measured differently than its book value, which is the value of MagnaChip that is recorded on the company's balance sheet. Investors also form their own opinion of MagnaChip Semiconductor's value that differs from its market value or its book value, called intrinsic value, which is MagnaChip Semiconductor's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MagnaChip Semiconductor's market value can be influenced by many factors that don't directly affect MagnaChip Semiconductor's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MagnaChip Semiconductor's value and its price as these two are different measures arrived at by different means. Investors typically determine if MagnaChip Semiconductor is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MagnaChip Semiconductor'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.