Wellnex Life (Australia) Technical Analysis
| WNX Stock | 0.63 0.01 1.61% |
As of the 15th of December 2024, Wellnex Life maintains the Mean Deviation of 5.68, standard deviation of 8.34, and Market Risk Adjusted Performance of 0.2178. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wellnex Life, as well as the relationship between them.
Wellnex Life Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wellnex, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WellnexWellnex |
Wellnex Life 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.
Wellnex Life Technical Analysis
The output start index for this execution was thirty 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 Wellnex Life volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wellnex Life Trend Analysis
Use this graph to draw trend lines for Wellnex Life. You can use it to identify possible trend reversals for Wellnex Life 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 Wellnex Life price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Wellnex Life Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wellnex Life applied against its price change over selected period. The best fit line has a slop of 0.0051 , which may suggest that Wellnex Life market price will keep on failing further. It has 122 observation points and a regression sum of squares at 0.97, which is the sum of squared deviations for the predicted Wellnex Life price change compared to its average price change.About Wellnex Life 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 Wellnex Life 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 Wellnex Life based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wellnex Life price pattern first instead of the macroeconomic environment surrounding Wellnex Life. By analyzing Wellnex Life'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 Wellnex Life'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 Wellnex Life specific price patterns or momentum indicators. Please read more on our technical analysis page.
Wellnex Life December 15, 2024 Technical Indicators
Most technical analysis of Wellnex 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 Wellnex from various momentum indicators to cycle indicators. When you analyze Wellnex 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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| Math Transform | ||
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| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
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| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.02) | |||
| Market Risk Adjusted Performance | 0.2178 | |||
| Mean Deviation | 5.68 | |||
| Coefficient Of Variation | (2,289) | |||
| Standard Deviation | 8.34 | |||
| Variance | 69.62 | |||
| Information Ratio | (0.06) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (1.41) | |||
| Treynor Ratio | 0.2078 | |||
| Maximum Drawdown | 48.83 | |||
| Value At Risk | (13.33) | |||
| Potential Upside | 17.74 | |||
| Skewness | 0.8406 | |||
| Kurtosis | 2.08 |
Additional Tools for Wellnex Stock Analysis
When running Wellnex Life's price analysis, check to measure Wellnex Life'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 Wellnex Life is operating at the current time. Most of Wellnex Life's value examination focuses on studying past and present price action to predict the probability of Wellnex Life's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wellnex Life's price. Additionally, you may evaluate how the addition of Wellnex Life to your portfolios can decrease your overall portfolio volatility.