Hennessy Small Cap Fund Technical Analysis

Overlap Analysis View

Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Hennessy Small technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hennessy Small 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...

Hennessy Small Cap Technical Analysis

Hennessy Small Cap Trend Analysis

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

Hennessy Small Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hennessy Small Cap applied against its price change over selected period. The best fit line has a slop of   0.05  , which means Hennessy Small Cap will continue generating value for investors. It has 122 observation points and a regression sum of squares at 78.01, which is the sum of squared deviations for the predicted Hennessy Small price change compared to its average price change.

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

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Hennessy 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.

Hennessy Small financial ratios help investors to determine whether Hennessy Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hennessy with respect to the benefits of owning Hennessy Small security.