Sunson Textile (Indonesia) Pattern Recognition Engulfing Pattern
| SSTM Stock | IDR 130.00 5.00 3.70% |
| Symbol |
Recognition |
The output start index for this execution was two with a total number of output elements of fifty-nine. The function generated a total of one valid pattern recognition events for the selected time horizon. The Engulfing Pattern describes Sunson Textile bullish reversal pattern.
Sunson Textile Technical Analysis Modules
Most technical analysis of Sunson Textile 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 Sunson from various momentum indicators to cycle indicators. When you analyze Sunson charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
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About Sunson Textile Predictive Technical Analysis
Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Sunson Textile Manufacturer. We use our internally-developed statistical techniques to arrive at the intrinsic value of Sunson Textile Manufacturer based on widely used predictive technical indicators. In general, we focus on analyzing Sunson Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Sunson Textile's daily price indicators and compare them against related drivers, such as pattern recognition and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Sunson Textile's intrinsic value. In addition to deriving basic predictive indicators for Sunson Textile, we also check how macroeconomic factors affect Sunson Textile price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
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Sunson Textile Manuf pair trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Sunson Textile position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Sunson Textile will appreciate offsetting losses from the drop in the long position's value.Sunson Textile Pair Trading
Sunson Textile Manufacturer Pair Trading Analysis
The ability to find closely correlated positions to Sunson Textile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunson Textile when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sunson Textile - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sunson Textile Manufacturer to buy it.
The correlation of Sunson Textile is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sunson Textile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sunson Textile Manuf moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Sunson Textile can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Sunson Stock
Sunson Textile financial ratios help investors to determine whether Sunson Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Sunson with respect to the benefits of owning Sunson Textile security.