RaySearch Laboratories (Sweden) Technical Analysis

RAY-B Stock  SEK 114.00  2.00  1.72%   
As of the 23rd of April, RaySearch Laboratories holds the Risk Adjusted Performance of 0.1153, semi deviation of 1.64, and Coefficient Of Variation of 566.54. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of RaySearch Laboratories, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We have analyzed nineteen technical drivers for RaySearch Laboratories, which can be compared to its competitors. Please check RaySearch Laboratories mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation to decide if RaySearch Laboratories is priced some-what accurately, providing market reflects its current price of 114.0 per share.

RaySearch Laboratories Momentum Analysis

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

RaySearch Laboratories Technical Analysis

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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 RaySearch Laboratories volatility. High ATR values indicate high volatility, and low values indicate low volatility.

RaySearch Laboratories Trend Analysis

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

RaySearch Laboratories Best Fit Change Line

The following chart estimates an ordinary least squares regression model for RaySearch Laboratories AB applied against its price change over selected period. The best fit line has a slop of   0.61  , which means RaySearch Laboratories AB will continue generating value for investors. It has 122 observation points and a regression sum of squares at 14063.31, which is the sum of squared deviations for the predicted RaySearch Laboratories price change compared to its average price change.

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

RaySearch Laboratories April 23, 2024 Technical Indicators

Most technical analysis of RaySearch 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 RaySearch from various momentum indicators to cycle indicators. When you analyze RaySearch 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in RaySearch Laboratories 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 bureau of labor statistics.
Note that the RaySearch Laboratories information on this page should be used as a complementary analysis to other RaySearch Laboratories' 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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

Complementary Tools for RaySearch Stock analysis

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