Medeon Biodesign (Taiwan) Technical Analysis
| 6499 Stock | TWD 43.60 0.75 1.75% |
As of the 19th of April, Medeon Biodesign secures the Standard Deviation of 1.75, risk adjusted performance of (0.01), and Mean Deviation of 0.9533. Medeon Biodesign 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 interpolate thirteen technical drivers for Medeon Biodesign, which can be compared to its peers in the industry. Please verify Medeon Biodesign coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Medeon Biodesign is priced some-what accurately, providing market reflects its recent price of 43.6 per share.
Medeon Biodesign Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Medeon, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MedeonMedeon |
Medeon Biodesign 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.
Medeon Biodesign Technical Analysis
The output start index for this execution was twelve with a total number of output elements of fourty-nine. 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 Medeon Biodesign volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Medeon Biodesign Trend Analysis
Use this graph to draw trend lines for Medeon Biodesign. You can use it to identify possible trend reversals for Medeon Biodesign 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 Medeon Biodesign price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Medeon Biodesign Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Medeon Biodesign applied against its price change over selected period. The best fit line has a slop of 0.07 , which may suggest that Medeon Biodesign market price will keep on failing further. It has 122 observation points and a regression sum of squares at 196.07, which is the sum of squared deviations for the predicted Medeon Biodesign price change compared to its average price change.About Medeon Biodesign 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 Medeon Biodesign 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 Medeon Biodesign based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Medeon Biodesign price pattern first instead of the macroeconomic environment surrounding Medeon Biodesign. By analyzing Medeon Biodesign'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 Medeon Biodesign'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 Medeon Biodesign specific price patterns or momentum indicators. Please read more on our technical analysis page.
Medeon Biodesign April 19, 2024 Technical Indicators
Most technical analysis of Medeon 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 Medeon from various momentum indicators to cycle indicators. When you analyze Medeon 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 | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.25) | |||
| Mean Deviation | 0.9533 | |||
| Coefficient Of Variation | (3,492) | |||
| Standard Deviation | 1.75 | |||
| Variance | 3.05 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.26) | |||
| Maximum Drawdown | 11.53 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 1.85 | |||
| Skewness | 3.02 | |||
| Kurtosis | 16.46 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Medeon Biodesign. 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. You can also try the AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Medeon Stock analysis
When running Medeon Biodesign's price analysis, check to measure Medeon Biodesign'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 Medeon Biodesign is operating at the current time. Most of Medeon Biodesign's value examination focuses on studying past and present price action to predict the probability of Medeon Biodesign's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Medeon Biodesign's price. Additionally, you may evaluate how the addition of Medeon Biodesign to your portfolios can decrease your overall portfolio volatility.
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