Milkyway Chemical (China) Technical Analysis

603713 Stock   53.77  1.41  2.56%   
As of the 15th of December 2024, Milkyway Chemical secures the Risk Adjusted Performance of 0.0808, mean deviation of 2.2, and Downside Deviation of 2.99. Milkyway Chemical Supply technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices.

Milkyway Chemical Momentum Analysis

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

Milkyway Chemical Supply Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was ten with a total number of output elements of fifty-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 Milkyway Chemical Supply volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Milkyway Chemical Supply Trend Analysis

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

Milkyway Chemical Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Milkyway Chemical Supply applied against its price change over selected period. The best fit line has a slop of   0.11  , which means Milkyway Chemical Supply will continue generating value for investors. It has 122 observation points and a regression sum of squares at 462.12, which is the sum of squared deviations for the predicted Milkyway Chemical price change compared to its average price change.

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

Milkyway Chemical December 15, 2024 Technical Indicators

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

When running Milkyway Chemical's price analysis, check to measure Milkyway Chemical'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 Milkyway Chemical is operating at the current time. Most of Milkyway Chemical's value examination focuses on studying past and present price action to predict the probability of Milkyway Chemical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Milkyway Chemical's price. Additionally, you may evaluate how the addition of Milkyway Chemical to your portfolios can decrease your overall portfolio volatility.
Equity Analysis
Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities
Aroon Oscillator
Analyze current equity momentum using Aroon Oscillator and other momentum ratios