Grenergy Renovables (Spain) Technical Analysis
| GRE Stock | EUR 28.30 1.20 4.07% |
As of the 4th of December, Grenergy Renovables retains the Standard Deviation of 2.78, risk adjusted performance of (0.04), and Market Risk Adjusted Performance of 0.4224. Grenergy Renovables 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.
Grenergy Renovables Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Grenergy, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to GrenergyGrenergy |
Grenergy Renovables 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.
Grenergy Renovables Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of fourty-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 Grenergy Renovables volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Grenergy Renovables Trend Analysis
Use this graph to draw trend lines for Grenergy Renovables SA. You can use it to identify possible trend reversals for Grenergy Renovables 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 Grenergy Renovables price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Grenergy Renovables Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Grenergy Renovables SA applied against its price change over selected period. The best fit line has a slop of 0.17 , which may suggest that Grenergy Renovables SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1042.63, which is the sum of squared deviations for the predicted Grenergy Renovables price change compared to its average price change.About Grenergy Renovables 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 Grenergy Renovables SA 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 Grenergy Renovables SA based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Grenergy Renovables price pattern first instead of the macroeconomic environment surrounding Grenergy Renovables. By analyzing Grenergy Renovables'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 Grenergy Renovables'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 Grenergy Renovables specific price patterns or momentum indicators. Please read more on our technical analysis page.
Grenergy Renovables December 4, 2024 Technical Indicators
Most technical analysis of Grenergy 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 Grenergy from various momentum indicators to cycle indicators. When you analyze Grenergy 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 | (0.04) | |||
| Market Risk Adjusted Performance | 0.4224 | |||
| Mean Deviation | 1.89 | |||
| Coefficient Of Variation | (1,617) | |||
| Standard Deviation | 2.78 | |||
| Variance | 7.71 | |||
| Information Ratio | (0.10) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | 0.4124 | |||
| Maximum Drawdown | 20.36 | |||
| Value At Risk | (4.07) | |||
| Potential Upside | 4.4 | |||
| Skewness | 0.666 | |||
| Kurtosis | 4.56 |
Complementary Tools for Grenergy Stock analysis
When running Grenergy Renovables' price analysis, check to measure Grenergy Renovables' 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 Grenergy Renovables is operating at the current time. Most of Grenergy Renovables' value examination focuses on studying past and present price action to predict the probability of Grenergy Renovables' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Grenergy Renovables' price. Additionally, you may evaluate how the addition of Grenergy Renovables to your portfolios can decrease your overall portfolio volatility.
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