Elecnor SA (Spain) Pattern Recognition In Neck Pattern

ENO Stock  EUR 20.10  0.75  3.60%   
Elecnor SA pattern recognition tool provides the execution environment for running the In Neck Pattern recognition and other technical functions against Elecnor SA. Elecnor SA 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 In Neck Pattern recognition function is designed to identify and follow existing trends. Elecnor SA momentum indicators are usually used to generate trading rules based on assumptions that Elecnor SA trends in prices tend to continue for long periods.

Recognition
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was eleven with a total number of output elements of fifty. The function did not return any valid pattern recognition events for the selected time horizon. The In-Neck Pattern describes Elecnor SA trend with bearish continuation signal.

Elecnor SA Technical Analysis Modules

Most technical analysis of Elecnor SA 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 Elecnor from various momentum indicators to cycle indicators. When you analyze Elecnor 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 Elecnor SA 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 Elecnor SA. We use our internally-developed statistical techniques to arrive at the intrinsic value of Elecnor SA based on widely used predictive technical indicators. In general, we focus on analyzing Elecnor Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Elecnor SA'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 Elecnor SA's intrinsic value. In addition to deriving basic predictive indicators for Elecnor SA, we also check how macroeconomic factors affect Elecnor SA price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Hype
Prediction
LowEstimatedHigh
18.8920.1021.31
Details
Intrinsic
Valuation
LowRealHigh
15.5616.7722.11
Details
Naive
Forecast
LowNextHigh
19.7420.9622.17
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
18.9320.0121.09
Details

Learn to be your own money manager

As an individual investor, you need to find a reliable way to track all your investment portfolios' performance accurately. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing you full analytical transparency into your positions, our tools can tell you how much better you can do without increasing your risk or reducing expected return.

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Elecnor SA pair trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elecnor SA position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elecnor SA will appreciate offsetting losses from the drop in the long position's value.

Elecnor SA Pair Trading

Elecnor SA Pair Trading Analysis

The ability to find closely correlated positions to Elecnor SA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elecnor SA when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elecnor SA - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elecnor SA to buy it.
The correlation of Elecnor SA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elecnor SA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elecnor SA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Elecnor SA can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Elecnor Stock

Elecnor SA financial ratios help investors to determine whether Elecnor Stock 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 Elecnor with respect to the benefits of owning Elecnor SA security.