HEXAGON AB (Germany) Technical Analysis

HXGC Stock  EUR 9.20  0.40  4.55%   
As of the 11th of December 2024, HEXAGON AB retains the risk adjusted performance of 0.052, and Market Risk Adjusted Performance of (0.59). HEXAGON AB 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. Please check out HEXAGON AB ADR1 treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside to decide if HEXAGON AB is priced correctly, providing market reflects its last-minute price of 9.2 per share.

HEXAGON 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 HEXAGON, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to HEXAGON
  
HEXAGON AB'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.
HEXAGON 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.
A focus of HEXAGON AB technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of HEXAGON AB 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...

HEXAGON AB ADR1 Technical Analysis

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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 HEXAGON AB ADR1 volatility. High ATR values indicate high volatility, and low values indicate low volatility.

HEXAGON AB ADR1 Trend Analysis

Use this graph to draw trend lines for HEXAGON AB ADR1. You can use it to identify possible trend reversals for HEXAGON 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 HEXAGON AB price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

HEXAGON AB Best Fit Change Line

The following chart estimates an ordinary least squares regression model for HEXAGON AB ADR1 applied against its price change over selected period. The best fit line has a slop of   0.02  , which may suggest that HEXAGON AB ADR1 market price will keep on failing further. It has 122 observation points and a regression sum of squares at 12.69, which is the sum of squared deviations for the predicted HEXAGON AB price change compared to its average price change.

About HEXAGON 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 HEXAGON AB ADR1 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 HEXAGON AB ADR1 based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on HEXAGON AB ADR1 price pattern first instead of the macroeconomic environment surrounding HEXAGON AB ADR1. By analyzing HEXAGON 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 HEXAGON 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 HEXAGON AB specific price patterns or momentum indicators. Please read more on our technical analysis page.

HEXAGON AB December 11, 2024 Technical Indicators

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

When running HEXAGON AB's price analysis, check to measure HEXAGON 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 HEXAGON AB is operating at the current time. Most of HEXAGON AB's value examination focuses on studying past and present price action to predict the probability of HEXAGON 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 HEXAGON AB's price. Additionally, you may evaluate how the addition of HEXAGON AB to your portfolios can decrease your overall portfolio volatility.
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