Alumina Limited Pk Stock Technical Analysis

AWCMY Stock  USD 3.93  0.02  0.51%   
As of the 17th of April 2024, Alumina Limited shows the Mean Deviation of 2.26, risk adjusted performance of 0.1035, and Downside Deviation of 2.94. Alumina Limited PK technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We have collected data for nineteen technical drivers for Alumina Limited PK, which can be compared to its peers. Please confirm Alumina Limited PK variance and potential upside to decide if Alumina Limited PK is priced correctly, providing market reflects its regular price of 3.93 per share. Given that Alumina Limited has jensen alpha of 0.392, we suggest you to validate Alumina Limited PK's prevailing market performance to make sure the company can sustain itself at a future point.

Alumina Limited Momentum Analysis

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

Alumina Limited PK Technical Analysis

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The output start index for this execution was twenty-four with a total number of output elements of thirty-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 Alumina Limited PK volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Alumina Limited PK Trend Analysis

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

Alumina Limited Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Alumina Limited PK applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Alumina Limited PK will continue generating value for investors. It has 122 observation points and a regression sum of squares at 16.69, which is the sum of squared deviations for the predicted Alumina Limited price change compared to its average price change.

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

Alumina Limited April 17, 2024 Technical Indicators

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

Alumina Limited April 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 Alumina 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alumina Limited PK. Also, note that the market value of any otc stock could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

Complementary Tools for Alumina OTC Stock analysis

When running Alumina Limited's price analysis, check to measure Alumina Limited'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 Alumina Limited is operating at the current time. Most of Alumina Limited's value examination focuses on studying past and present price action to predict the probability of Alumina Limited's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alumina Limited's price. Additionally, you may evaluate how the addition of Alumina Limited to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Alumina Limited's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alumina Limited is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alumina Limited's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.