TMP Steel (Taiwan) Technical Analysis
| 6248 Stock | TWD 28.40 0.10 0.35% |
As of the 3rd of December, TMP Steel has the variance of 1.92, and Risk Adjusted Performance of (0.09). TMP Steel 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. Please validate TMP Steel treynor ratio, value at risk, and the relationship between the information ratio and maximum drawdown to decide if TMP Steel is priced fairly, providing market reflects its prevalent price of 28.4 per share.
TMP Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as TMP, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to TMPTMP |
TMP Steel 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.
TMP Steel Technical Analysis
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 TMP Steel volatility. High ATR values indicate high volatility, and low values indicate low volatility.
TMP Steel Trend Analysis
Use this graph to draw trend lines for TMP Steel. You can use it to identify possible trend reversals for TMP Steel 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 TMP Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.TMP Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for TMP Steel applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that TMP Steel market price will keep on failing further. It has 122 observation points and a regression sum of squares at 218.22, which is the sum of squared deviations for the predicted TMP Steel price change compared to its average price change.About TMP Steel 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 TMP Steel 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 TMP Steel based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on TMP Steel price pattern first instead of the macroeconomic environment surrounding TMP Steel. By analyzing TMP Steel'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 TMP Steel'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 TMP Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
TMP Steel December 3, 2024 Technical Indicators
Most technical analysis of TMP 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 TMP from various momentum indicators to cycle indicators. When you analyze TMP 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.
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.09) | |||
| Market Risk Adjusted Performance | (0.37) | |||
| Mean Deviation | 0.9551 | |||
| Coefficient Of Variation | (831.64) | |||
| Standard Deviation | 1.38 | |||
| Variance | 1.92 | |||
| Information Ratio | (0.21) | |||
| Jensen Alpha | (0.23) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | (0.38) | |||
| Maximum Drawdown | 9.59 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 1.66 | |||
| Skewness | 0.4526 | |||
| Kurtosis | 3.76 |
Additional Tools for TMP Stock Analysis
When running TMP Steel's price analysis, check to measure TMP Steel'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 TMP Steel is operating at the current time. Most of TMP Steel's value examination focuses on studying past and present price action to predict the probability of TMP Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TMP Steel's price. Additionally, you may evaluate how the addition of TMP Steel to your portfolios can decrease your overall portfolio volatility.