WOORI FIN (Germany) Technical Analysis

2WGA Stock  EUR 32.20  0.40  1.23%   
As of the 2nd of December, WOORI FIN maintains the Risk Adjusted Performance of 0.0356, downside deviation of 4.27, and Mean Deviation of 1.78. WOORI FIN GRP technical analysis makes it possible for you to employ past prices and volume data with the intention to determine a pattern that calculates the direction of the company's future prices. Please check out WOORI FIN GRP downside deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if WOORI FIN GRP is priced some-what accurately, providing market reflects its latest price of 32.2 per share.

WOORI FIN Momentum Analysis

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

WOORI FIN GRP 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 WOORI FIN GRP volatility. High ATR values indicate high volatility, and low values indicate low volatility.

WOORI FIN GRP Trend Analysis

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

WOORI FIN Best Fit Change Line

The following chart estimates an ordinary least squares regression model for WOORI FIN GRP applied against its price change over selected period. The best fit line has a slop of   0.02  , which means WOORI FIN GRP will continue generating value for investors. It has 122 observation points and a regression sum of squares at 13.85, which is the sum of squared deviations for the predicted WOORI FIN price change compared to its average price change.

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

WOORI FIN December 2, 2024 Technical Indicators

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

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