Grindrod Ltd Adr Stock Technical Analysis
| GRDLY Stock | USD 18.00 0.00 0.00% |
As of the 2nd of December, Grindrod retains the Variance of 0.008, mean deviation of 0.0217, and Risk Adjusted Performance of 0.0187. Grindrod technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.
Grindrod Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Grindrod, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GrindrodGrindrod |
Grindrod technical pink sheet 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, pink sheet market cycles, or different charting patterns.
Grindrod ADR Technical Analysis
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 Grindrod ADR volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Grindrod ADR Trend Analysis
Use this graph to draw trend lines for Grindrod Ltd ADR. You can use it to identify possible trend reversals for Grindrod 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 Grindrod price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Grindrod Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Grindrod Ltd ADR applied against its price change over selected period. The best fit line has a slop of 0 , which means Grindrod Ltd ADR will continue generating value for investors. It has 122 observation points and a regression sum of squares at 0.12, which is the sum of squared deviations for the predicted Grindrod price change compared to its average price change.About Grindrod 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 Grindrod Ltd ADR 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 Grindrod Ltd ADR based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Grindrod ADR price pattern first instead of the macroeconomic environment surrounding Grindrod ADR. By analyzing Grindrod'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 Grindrod'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 Grindrod specific price patterns or momentum indicators. Please read more on our technical analysis page.
Grindrod December 2, 2024 Technical Indicators
Most technical analysis of Grindrod 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 Grindrod from various momentum indicators to cycle indicators. When you analyze Grindrod 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.
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| Volume Indicators |
| Risk Adjusted Performance | 0.0187 | |||
| Mean Deviation | 0.0217 | |||
| Coefficient Of Variation | 812.4 | |||
| Standard Deviation | 0.0895 | |||
| Variance | 0.008 | |||
| Information Ratio | (1.41) | |||
| Total Risk Alpha | (0.01) | |||
| Maximum Drawdown | 0.7275 | |||
| Skewness | 8.12 | |||
| Kurtosis | 66.0 |
Additional Tools for Grindrod Pink Sheet Analysis
When running Grindrod's price analysis, check to measure Grindrod'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 Grindrod is operating at the current time. Most of Grindrod's value examination focuses on studying past and present price action to predict the probability of Grindrod's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grindrod's price. Additionally, you may evaluate how the addition of Grindrod to your portfolios can decrease your overall portfolio volatility.