Olympic Steel Stock Technical Analysis
| ZEUS Stock | USD 42.28 0.03 0.07% |
As of the 30th of November, Olympic Steel holds the Risk Adjusted Performance of 0.0421, semi deviation of 2.56, and Coefficient Of Variation of 2198.46. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Olympic Steel, as well as the relationship between them. Please check Olympic Steel standard deviation, as well as the relationship between the value at risk and kurtosis to decide if Olympic Steel is priced some-what accurately, providing market reflects its current price of 42.28 per share. Given that Olympic Steel has jensen alpha of (0.16), we recommend you to check out Olympic Steel's recent market performance to make sure the company can sustain itself at a future point.
Olympic Steel Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Olympic, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to OlympicOlympic |
Olympic Steel Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 54.0 | Hold | 1 | Odds |
Most Olympic 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 Olympic stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Olympic Steel, talking to its executives and customers, or listening to Olympic conference calls.
Olympic Steel 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.
Olympic Steel Technical Analysis
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 Olympic Steel volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Olympic Steel Trend Analysis
Use this graph to draw trend lines for Olympic Steel. You can use it to identify possible trend reversals for Olympic Steel 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 Olympic Steel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Olympic Steel Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Olympic Steel applied against its price change over selected period. The best fit line has a slop of 0.05 , which means Olympic Steel will continue generating value for investors. It has 122 observation points and a regression sum of squares at 102.34, which is the sum of squared deviations for the predicted Olympic Steel price change compared to its average price change.About Olympic Steel 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 Olympic Steel 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 Olympic Steel based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Olympic Steel price pattern first instead of the macroeconomic environment surrounding Olympic Steel. By analyzing Olympic Steel'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 Olympic Steel'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 Olympic Steel specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0103 | 0.007211 | 0.00685 | Price To Sales Ratio | 0.15 | 0.36 | 0.23 |
Olympic Steel November 30, 2024 Technical Indicators
Most technical analysis of Olympic 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 Olympic from various momentum indicators to cycle indicators. When you analyze Olympic 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 | 0.0421 | |||
| Market Risk Adjusted Performance | 0.0647 | |||
| Mean Deviation | 2.09 | |||
| Semi Deviation | 2.56 | |||
| Downside Deviation | 2.71 | |||
| Coefficient Of Variation | 2198.46 | |||
| Standard Deviation | 2.85 | |||
| Variance | 8.13 | |||
| Information Ratio | (0) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.36) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.0547 | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (4.04) | |||
| Potential Upside | 4.04 | |||
| Downside Variance | 7.36 | |||
| Semi Variance | 6.55 | |||
| Expected Short fall | (2.16) | |||
| Skewness | 0.6388 | |||
| Kurtosis | 3.22 |
Olympic Steel November 30, 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 Olympic 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 | 826.66 | ||
| Daily Balance Of Power | (0.04) | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 42.38 | ||
| Day Typical Price | 42.34 | ||
| Price Action Indicator | (0.11) |
Additional Tools for Olympic Stock Analysis
When running Olympic Steel's price analysis, check to measure Olympic Steel'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 Olympic Steel is operating at the current time. Most of Olympic Steel's value examination focuses on studying past and present price action to predict the probability of Olympic Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Olympic Steel's price. Additionally, you may evaluate how the addition of Olympic Steel to your portfolios can decrease your overall portfolio volatility.