Eurodry Stock Technical Analysis
| EDRY Stock | USD 13.65 0.09 0.66% |
As of the 29th of November, EuroDry shows the Variance of 3.41, standard deviation of 1.85, and Mean Deviation of 1.38. EuroDry technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
EuroDry Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as EuroDry, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to EuroDryEuroDry |
EuroDry Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 23.5 | Strong Buy | 3 | Odds |
Most EuroDry analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand EuroDry stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of EuroDry, talking to its executives and customers, or listening to EuroDry conference calls.
EuroDry 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.
EuroDry Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-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 EuroDry volatility. High ATR values indicate high volatility, and low values indicate low volatility.
EuroDry Trend Analysis
Use this graph to draw trend lines for EuroDry. You can use it to identify possible trend reversals for EuroDry 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 EuroDry price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.EuroDry Best Fit Change Line
The following chart estimates an ordinary least squares regression model for EuroDry applied against its price change over selected period. The best fit line has a slop of 0.13 , which may suggest that EuroDry market price will keep on failing further. It has 122 observation points and a regression sum of squares at 595.29, which is the sum of squared deviations for the predicted EuroDry price change compared to its average price change.About EuroDry 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 EuroDry 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 EuroDry based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on EuroDry price pattern first instead of the macroeconomic environment surrounding EuroDry. By analyzing EuroDry'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 EuroDry'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 EuroDry specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0226 | 0.0259 | 0.0246 | Price To Sales Ratio | 0.75 | 1.11 | 1.05 |
EuroDry November 29, 2024 Technical Indicators
Most technical analysis of EuroDry 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 EuroDry from various momentum indicators to cycle indicators. When you analyze EuroDry 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 | (0.24) | |||
| Market Risk Adjusted Performance | (5.25) | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (312.91) | |||
| Standard Deviation | 1.85 | |||
| Variance | 3.41 | |||
| Information Ratio | (0.39) | |||
| Jensen Alpha | (0.61) | |||
| Total Risk Alpha | (0.88) | |||
| Treynor Ratio | (5.26) | |||
| Maximum Drawdown | 8.9 | |||
| Value At Risk | (3.86) | |||
| Potential Upside | 1.96 | |||
| Skewness | (0.55) | |||
| Kurtosis | 1.04 |
Additional Tools for EuroDry Stock Analysis
When running EuroDry's price analysis, check to measure EuroDry'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 EuroDry is operating at the current time. Most of EuroDry's value examination focuses on studying past and present price action to predict the probability of EuroDry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EuroDry's price. Additionally, you may evaluate how the addition of EuroDry to your portfolios can decrease your overall portfolio volatility.