Neofect CoLtd (Korea) Technical Analysis

290660 Stock   1,173  10.00  0.85%   
As of the 6th of May, Neofect CoLtd secures the Mean Deviation of 1.66, downside deviation of 2.46, and Risk Adjusted Performance of 0.0119. Neofect CoLtd technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. 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 were able to analyze nineteen technical drivers for Neofect CoLtd, which can be compared to its peers in the industry. Please verify Neofect CoLtd downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Neofect CoLtd is priced some-what accurately, providing market reflects its recent price of 1173.0 per share.

Neofect CoLtd Momentum Analysis

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

Neofect CoLtd Technical Analysis

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The output start index for this execution was nine with a total number of output elements of fifty-two. 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 Neofect CoLtd volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Neofect CoLtd Trend Analysis

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

Neofect CoLtd Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Neofect CoLtd applied against its price change over selected period. The best fit line has a slop of   0.13  , which may suggest that Neofect CoLtd market price will keep on failing further. It has 122 observation points and a regression sum of squares at 621.96, which is the sum of squared deviations for the predicted Neofect CoLtd price change compared to its average price change.

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

Neofect CoLtd May 6, 2024 Technical Indicators

Most technical analysis of Neofect 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 Neofect from various momentum indicators to cycle indicators. When you analyze Neofect 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Neofect CoLtd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Neofect CoLtd information on this page should be used as a complementary analysis to other Neofect CoLtd'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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