Renuka City (Sri Lanka) Technical Analysis

RENUN0000  LKR 407.50  11.75  2.80%   
As of the 12th of December 2024, Renuka City holds the Semi Deviation of 1.16, risk adjusted performance of 0.08, and Coefficient Of Variation of 981.86. Our technical analysis interface allows you to check existing technical drivers of Renuka City Hotel, as well as the relationship between them.

Renuka City Momentum Analysis

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

Renuka City Hotel Technical Analysis

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The output start index for this execution was fourty-two with a total number of output elements of nineteen. 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 Renuka City Hotel volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Renuka City Hotel Trend Analysis

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

Renuka City Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Renuka City Hotel applied against its price change over selected period. The best fit line has a slop of   0.56  , which means Renuka City Hotel will continue generating value for investors. It has 122 observation points and a regression sum of squares at 11796.93, which is the sum of squared deviations for the predicted Renuka City price change compared to its average price change.

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

Renuka City December 12, 2024 Technical Indicators

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

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