Tubacex SA (Spain) Technical Analysis

TUB Stock  EUR 3.34  0.01  0.30%   
As of the 28th of March, Tubacex SA has the Coefficient Of Variation of (1,761), variance of 3.02, and Risk Adjusted Performance of (0.02). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Tubacex SA, 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 have analyzed thirteen technical drivers for Tubacex SA, which can be compared to its competition. Please validate Tubacex SA standard deviation, maximum drawdown, kurtosis, as well as the relationship between the information ratio and potential upside to decide if Tubacex SA is priced more or less accurately, providing market reflects its prevalent price of 3.34 per share.

Tubacex SA Momentum Analysis

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

Tubacex SA 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 Tubacex SA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Tubacex SA Trend Analysis

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

Tubacex SA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Tubacex SA applied against its price change over selected period. The best fit line has a slop of   0.0035  , which may suggest that Tubacex SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.47, which is the sum of squared deviations for the predicted Tubacex SA price change compared to its average price change.

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

Tubacex SA March 28, 2024 Technical Indicators

Most technical analysis of Tubacex 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 Tubacex from various momentum indicators to cycle indicators. When you analyze Tubacex 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Tubacex SA. 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.
Note that the Tubacex SA information on this page should be used as a complementary analysis to other Tubacex SA'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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.

Complementary Tools for Tubacex Stock analysis

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