Andretti Acquisition Corp Stock Technical Analysis

POLEW Stock   0.16  0.03  23.08%   
As of the 17th of December 2024, Andretti Acquisition shows the risk adjusted performance of 0.1164, and Mean Deviation of 14.71. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Andretti Acquisition, as well as the relationship between them. Please confirm Andretti Acquisition Corp semi deviation, jensen alpha, as well as the relationship between the Jensen Alpha and semi variance to decide if Andretti Acquisition Corp is priced correctly, providing market reflects its regular price of 0.16 per share. As Andretti Acquisition Corp appears to be a penny stock we also recommend to validate its total risk alpha numbers.

Andretti Acquisition Momentum Analysis

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

Andretti Acquisition Corp Technical Analysis

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The output start index for this execution was one with a total number of output elements of thirty-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 Andretti Acquisition Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Andretti Acquisition Corp Trend Analysis

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

Andretti Acquisition Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Andretti Acquisition Corp applied against its price change over selected period. The best fit line has a slop of    , which means Andretti Acquisition Corp will continue generating value for investors. It has 64 observation points and a regression sum of squares at 0.03, which is the sum of squared deviations for the predicted Andretti Acquisition price change compared to its average price change.

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

Andretti Acquisition December 17, 2024 Technical Indicators

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

Andretti Acquisition December 17, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Andretti stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

Additional Tools for Andretti Stock Analysis

When running Andretti Acquisition's price analysis, check to measure Andretti Acquisition'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 Andretti Acquisition is operating at the current time. Most of Andretti Acquisition's value examination focuses on studying past and present price action to predict the probability of Andretti Acquisition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andretti Acquisition's price. Additionally, you may evaluate how the addition of Andretti Acquisition to your portfolios can decrease your overall portfolio volatility.