Tobii AB (Sweden) Technical Analysis

TOBII Stock  SEK 3.10  0.09  2.82%   
As of the 29th of March, Tobii AB has the Risk Adjusted Performance of (0.08), variance of 31.17, and Coefficient Of Variation of (648.19). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tobii AB, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Tobii AB, which can be compared to its competition. Please validate Tobii AB mean deviation, information ratio, as well as the relationship between the Information Ratio and potential upside to decide if Tobii AB is priced more or less accurately, providing market reflects its prevalent price of 3.1 per share.

Tobii 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 Tobii, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Tobii
  
Tobii 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.
Tobii 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 Tobii AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Tobii 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...

Tobii AB Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Tobii AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Tobii AB Trend Analysis

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

Tobii AB Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Tobii AB applied against its price change over selected period. The best fit line has a slop of   0.05  , which may suggest that Tobii AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 85.17, which is the sum of squared deviations for the predicted Tobii AB price change compared to its average price change.

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

Tobii AB March 29, 2024 Technical Indicators

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

Tobii AB March 29, 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 Tobii 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tobii 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 gross domestic product.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Tobii Stock analysis

When running Tobii AB's price analysis, check to measure Tobii 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 Tobii AB is operating at the current time. Most of Tobii AB's value examination focuses on studying past and present price action to predict the probability of Tobii 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 Tobii AB's price. Additionally, you may evaluate how the addition of Tobii AB to your portfolios can decrease your overall portfolio volatility.
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Correlation Analysis
Reduce portfolio risk simply by holding instruments which are not perfectly correlated
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Bonds Directory
Find actively traded corporate debentures issued by US companies
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Please note, there is a significant difference between Tobii AB's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tobii AB is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tobii 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.