Hanil Iron (Korea) Technical Analysis

002220 Stock   2,105  65.00  3.19%   
As of the 2nd of December, Hanil Iron retains the Downside Deviation of 1.84, market risk adjusted performance of 0.1398, and Risk Adjusted Performance of 0.027. Hanil Iron technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.

Hanil Iron Momentum Analysis

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

Hanil Iron Steel Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Hanil Iron Steel volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Hanil Iron Steel Trend Analysis

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

Hanil Iron Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hanil Iron Steel applied against its price change over selected period. The best fit line has a slop of   0.05  , which may suggest that Hanil Iron Steel market price will keep on failing further. It has 122 observation points and a regression sum of squares at 109.61, which is the sum of squared deviations for the predicted Hanil Iron price change compared to its average price change.

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

Hanil Iron December 2, 2024 Technical Indicators

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

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