Bright Minds Biosciences Stock Technical Analysis
DRUG Stock | USD 34.03 1.91 5.31% |
As of the 25th of February, Bright Minds shows the Mean Deviation of 3.86, standard deviation of 5.11, and insignificant Risk Adjusted Performance. Bright Minds Biosciences technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Bright Minds Biosciences coefficient of variation and maximum drawdown to decide if Bright Minds Biosciences is priced correctly, providing market reflects its regular price of 34.03 per share. Given that Bright Minds has information ratio of (0.02), we suggest you to validate Bright Minds Biosciences's prevailing market performance to make sure the company can sustain itself at a future point.
Bright Minds Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Bright, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to BrightBright |
Bright Minds 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.
Bright Minds Biosciences 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 Bright Minds Biosciences volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Bright Minds Biosciences Trend Analysis
Use this graph to draw trend lines for Bright Minds Biosciences. You can use it to identify possible trend reversals for Bright Minds 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 Bright Minds price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Bright Minds Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Bright Minds Biosciences applied against its price change over selected period. The best fit line has a slop of 0.05 , which may suggest that Bright Minds Biosciences market price will keep on failing further. It has 122 observation points and a regression sum of squares at 93.9, which is the sum of squared deviations for the predicted Bright Minds price change compared to its average price change.About Bright Minds 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 Bright Minds Biosciences 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 Bright Minds Biosciences based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Bright Minds Biosciences price pattern first instead of the macroeconomic environment surrounding Bright Minds Biosciences. By analyzing Bright Minds'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 Bright Minds'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 Bright Minds specific price patterns or momentum indicators. Please read more on our technical analysis page.
Bright Minds February 25, 2025 Technical Indicators
Most technical analysis of Bright 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 Bright from various momentum indicators to cycle indicators. When you analyze Bright 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.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | (0) | |||
Market Risk Adjusted Performance | 0.183 | |||
Mean Deviation | 3.86 | |||
Coefficient Of Variation | (6,961) | |||
Standard Deviation | 5.11 | |||
Variance | 26.16 | |||
Information Ratio | (0.02) | |||
Jensen Alpha | (0.08) | |||
Total Risk Alpha | (0.12) | |||
Treynor Ratio | 0.173 | |||
Maximum Drawdown | 24.39 | |||
Value At Risk | (8.57) | |||
Potential Upside | 9.56 | |||
Skewness | 0.4437 | |||
Kurtosis | 0.3915 |
Bright Minds February 25, 2025 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 Bright 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.
Accumulation Distribution | 3,833 | ||
Daily Balance Of Power | (1.40) | ||
Rate Of Daily Change | 0.95 | ||
Day Median Price | 34.58 | ||
Day Typical Price | 34.40 | ||
Price Action Indicator | (1.50) |
Complementary Tools for Bright Stock analysis
When running Bright Minds' price analysis, check to measure Bright Minds' 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 Bright Minds is operating at the current time. Most of Bright Minds' value examination focuses on studying past and present price action to predict the probability of Bright Minds' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bright Minds' price. Additionally, you may evaluate how the addition of Bright Minds to your portfolios can decrease your overall portfolio volatility.
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