Magazine Luiza (Brazil) Pattern Recognition Engulfing Pattern

MGLU3 Stock  BRL 9.21  0.49  5.62%   
Magazine Luiza pattern recognition tool provides the execution environment for running the Engulfing Pattern recognition and other technical functions against Magazine Luiza. Magazine Luiza value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of pattern recognition indicators. As with most other technical indicators, the Engulfing Pattern recognition function is designed to identify and follow existing trends. Magazine Luiza momentum indicators are usually used to generate trading rules based on assumptions that Magazine Luiza trends in prices tend to continue for long periods.

Recognition
The output start index for this execution was two with a total number of output elements of fifty-nine. The function generated a total of three valid pattern recognition events for the selected time horizon. The Engulfing Pattern describes Magazine Luiza bullish reversal pattern.

Magazine Luiza Technical Analysis Modules

Most technical analysis of Magazine Luiza 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 Magazine from various momentum indicators to cycle indicators. When you analyze Magazine charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Magazine Luiza Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Magazine Luiza SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Magazine Luiza SA based on widely used predictive technical indicators. In general, we focus on analyzing Magazine Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Magazine Luiza's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Magazine Luiza's intrinsic value. In addition to deriving basic predictive indicators for Magazine Luiza, we also check how macroeconomic factors affect Magazine Luiza price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
5.659.2112.77
Details
Intrinsic
Valuation
LowRealHigh
5.068.6212.18
Details
Naive
Forecast
LowNextHigh
5.088.6412.20
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
8.599.3810.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Magazine Luiza. Your research has to be compared to or analyzed against Magazine Luiza's peers to derive any actionable benefits. When done correctly, Magazine Luiza's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Magazine Luiza SA.

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Additional Tools for Magazine Stock Analysis

When running Magazine Luiza's price analysis, check to measure Magazine Luiza'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 Magazine Luiza is operating at the current time. Most of Magazine Luiza's value examination focuses on studying past and present price action to predict the probability of Magazine Luiza's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magazine Luiza's price. Additionally, you may evaluate how the addition of Magazine Luiza to your portfolios can decrease your overall portfolio volatility.