Flora Growth Corp Stock Technical Analysis

FLGC Stock  USD 1.74  0.17  10.83%   
As of the 1st of December, Flora Growth shows the Coefficient Of Variation of 776.02, downside deviation of 7.1, and Mean Deviation of 6.35. Flora Growth Corp 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.

Flora Growth Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Flora, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Flora
  
Flora Growth'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.

Flora Growth Analyst Consensus

Target PriceAdvice# of Analysts
20.0Hold2Odds
Flora Growth Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Flora 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 Flora stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Flora Growth Corp, talking to its executives and customers, or listening to Flora conference calls.
Flora Analyst Advice Details
Flora Growth 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 Flora Growth technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Flora Growth 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...

Flora Growth Corp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-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 Flora Growth Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Flora Growth Corp Trend Analysis

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

Flora Growth Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Flora Growth Corp applied against its price change over selected period. The best fit line has a slop of    , which means Flora Growth Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.72, which is the sum of squared deviations for the predicted Flora Growth price change compared to its average price change.

About Flora Growth 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 Flora Growth Corp 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 Flora Growth Corp based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Flora Growth Corp price pattern first instead of the macroeconomic environment surrounding Flora Growth Corp. By analyzing Flora Growth'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 Flora Growth'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 Flora Growth specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Payables Turnover2.712.9111.4111.98
Days Of Inventory On Hand168.72161.8253.2450.57

Flora Growth December 1, 2024 Technical Indicators

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

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