Shandong Mining (China) Technical Analysis

002526 Stock   3.96  0.36  10.00%   
As of the 3rd of December, Shandong Mining has the Risk Adjusted Performance of 0.2324, semi deviation of 2.48, and Coefficient Of Variation of 340.59. Shandong Mining technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices.

Shandong Mining Momentum Analysis

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

Shandong Mining Machinery Technical Analysis

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The output start index for this execution was twenty-eight with a total number of output elements of thirty-three. 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 Shandong Mining Machinery volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Shandong Mining Machinery Trend Analysis

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

Shandong Mining Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Shandong Mining Machinery applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Shandong Mining Machinery will continue generating value for investors. It has 122 observation points and a regression sum of squares at 16.12, which is the sum of squared deviations for the predicted Shandong Mining price change compared to its average price change.

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

Shandong Mining December 3, 2024 Technical Indicators

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

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