Webstep ASA (Norway) Technical Analysis
| WSTEP Stock | NOK 20.60 0.10 0.49% |
As of the 19th of April, Webstep ASA maintains the Standard Deviation of 2.31, mean deviation of 1.48, and Market Risk Adjusted Performance of (0.36). Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Webstep ASA, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Webstep ASA, which can be compared to its peers. Please check out Webstep ASA coefficient of variation and maximum drawdown to decide if Webstep ASA is priced fairly, providing market reflects its latest price of 20.6 per share.
Webstep 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 Webstep, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WebstepWebstep |
Webstep 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.
Webstep ASA Technical Analysis
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 Webstep ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Webstep ASA Trend Analysis
Use this graph to draw trend lines for Webstep ASA. You can use it to identify possible trend reversals for Webstep 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 Webstep ASA price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Webstep ASA Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Webstep ASA applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that Webstep ASA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 22.83, which is the sum of squared deviations for the predicted Webstep ASA price change compared to its average price change.About Webstep 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 Webstep 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 Webstep ASA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Webstep ASA price pattern first instead of the macroeconomic environment surrounding Webstep ASA. By analyzing Webstep 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 Webstep 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 Webstep ASA specific price patterns or momentum indicators. Please read more on our technical analysis page.
Webstep ASA April 19, 2024 Technical Indicators
Most technical analysis of Webstep 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 Webstep from various momentum indicators to cycle indicators. When you analyze Webstep 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.
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.36) | |||
| Mean Deviation | 1.48 | |||
| Coefficient Of Variation | (1,726) | |||
| Standard Deviation | 2.31 | |||
| Variance | 5.34 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.37) | |||
| Maximum Drawdown | 11.22 | |||
| Value At Risk | (4.13) | |||
| Potential Upside | 4.17 | |||
| Skewness | 0.0301 | |||
| Kurtosis | 2.49 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Webstep 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 american community survey. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Webstep Stock analysis
When running Webstep ASA's price analysis, check to measure Webstep 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 Webstep ASA is operating at the current time. Most of Webstep ASA's value examination focuses on studying past and present price action to predict the probability of Webstep 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 Webstep ASA's price. Additionally, you may evaluate how the addition of Webstep ASA to your portfolios can decrease your overall portfolio volatility.
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