Sobute New (China) Technical Analysis

603916 Stock   8.45  0.03  0.35%   
As of the 4th of December, Sobute New has the Coefficient Of Variation of 849.37, risk adjusted performance of 0.0969, and Semi Deviation of 2.49. Sobute New technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.

Sobute New Momentum Analysis

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

Sobute New Materials Technical Analysis

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The output start index for this execution was fourteen with a total number of output elements of fourty-seven. 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 Sobute New Materials volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Sobute New Materials Trend Analysis

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

Sobute New Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Sobute New Materials applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Sobute New Materials will continue generating value for investors. It has 122 observation points and a regression sum of squares at 39.02, which is the sum of squared deviations for the predicted Sobute New price change compared to its average price change.

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

Sobute New December 4, 2024 Technical Indicators

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

Complementary Tools for Sobute Stock analysis

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