Elekta AB (Sweden) Technical Analysis
| EKTA-B Stock | SEK 64.10 0.60 0.93% |
As of the 29th of November, Elekta AB shows the Mean Deviation of 1.36, variance of 2.86, and Standard Deviation of 1.69. Elekta AB technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.
Elekta AB Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Elekta, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to ElektaElekta |
Elekta AB 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.
Elekta AB Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Elekta AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Elekta AB Trend Analysis
Use this graph to draw trend lines for Elekta AB. You can use it to identify possible trend reversals for Elekta AB 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 Elekta AB price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Elekta AB Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Elekta AB applied against its price change over selected period. The best fit line has a slop of 0.08 , which may suggest that Elekta AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 248.65, which is the sum of squared deviations for the predicted Elekta AB price change compared to its average price change.About Elekta AB 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 Elekta AB 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 Elekta AB based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Elekta AB price pattern first instead of the macroeconomic environment surrounding Elekta AB. By analyzing Elekta AB'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 Elekta AB'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 Elekta AB specific price patterns or momentum indicators. Please read more on our technical analysis page.
Elekta AB November 29, 2024 Technical Indicators
Most technical analysis of Elekta 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 Elekta from various momentum indicators to cycle indicators. When you analyze Elekta 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.15) | |||
| Mean Deviation | 1.36 | |||
| Coefficient Of Variation | (2,208) | |||
| Standard Deviation | 1.69 | |||
| Variance | 2.86 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | (0.16) | |||
| Maximum Drawdown | 7.62 | |||
| Value At Risk | (2.33) | |||
| Potential Upside | 2.62 | |||
| Skewness | 0.6007 | |||
| Kurtosis | 0.1484 |
Complementary Tools for Elekta Stock analysis
When running Elekta AB's price analysis, check to measure Elekta AB'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 Elekta AB is operating at the current time. Most of Elekta AB's value examination focuses on studying past and present price action to predict the probability of Elekta AB's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elekta AB's price. Additionally, you may evaluate how the addition of Elekta AB to your portfolios can decrease your overall portfolio volatility.
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