Zhejiang Xiantong (China) Technical Analysis

603239 Stock   14.61  0.21  1.42%   
As of the 15th of December 2024, Zhejiang Xiantong maintains the Downside Deviation of 2.6, market risk adjusted performance of 1.51, and Mean Deviation of 1.98. Zhejiang Xiantong 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.

Zhejiang Xiantong Momentum Analysis

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

Zhejiang Xiantong Technical Analysis

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The output start index for this execution was thirty with a total number of output elements of thirty-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 Zhejiang Xiantong volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Zhejiang Xiantong Trend Analysis

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

Zhejiang Xiantong Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Zhejiang Xiantong RubberPlastic applied against its price change over selected period. The best fit line has a slop of   0.03  , which means Zhejiang Xiantong RubberPlastic will continue generating value for investors. It has 122 observation points and a regression sum of squares at 38.9, which is the sum of squared deviations for the predicted Zhejiang Xiantong price change compared to its average price change.

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

Zhejiang Xiantong December 15, 2024 Technical Indicators

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

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