IRay Technology (China) Technical Analysis

688301 Stock   100.29  0.62  0.62%   
As of the 20th of December, IRay Technology retains the Market Risk Adjusted Performance of (0.38), downside deviation of 3.55, and Risk Adjusted Performance of 0.0563. IRay Technology technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.

IRay Technology Momentum Analysis

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

iRay Technology Technical Analysis

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The output start index for this execution was twenty with a total number of output elements of fourty-one. 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 iRay Technology volatility. High ATR values indicate high volatility, and low values indicate low volatility.

iRay Technology Trend Analysis

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

IRay Technology Best Fit Change Line

The following chart estimates an ordinary least squares regression model for iRay Technology Co applied against its price change over selected period. The best fit line has a slop of   0.15  , which may suggest that iRay Technology Co market price will keep on failing further. It has 122 observation points and a regression sum of squares at 815.01, which is the sum of squared deviations for the predicted IRay Technology price change compared to its average price change.

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

IRay Technology December 20, 2024 Technical Indicators

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

IRay Technology December 20, 2024 Daily Trend Indicators

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

Complementary Tools for IRay Stock analysis

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