Dorman Products Stock Technical Analysis

DORM Stock  USD 97.43  4.39  4.72%   
As of the 28th of March, Dorman Products shows the Downside Deviation of 1.74, mean deviation of 1.44, and Coefficient Of Variation of 938.09. Dorman Products technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes 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 were able to interpolate data for nineteen technical drivers for Dorman Products, which can be compared to its rivals. Please confirm Dorman Products standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Dorman Products is priced favorably, providing market reflects its regular price of 97.43 per share. Given that Dorman Products has jensen alpha of 0.0545, we urge you to verify Dorman Products's prevailing market performance to make sure the company can sustain itself at a future point.

Dorman Products Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Dorman, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Dorman
  
Dorman Products' 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.

Dorman Products Analyst Consensus

Target PriceAdvice# of Analysts
106.25Buy3Odds
Dorman Products current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Dorman analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Dorman stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Dorman Products, talking to its executives and customers, or listening to Dorman conference calls.
Dorman Analyst Advice Details
Dorman Products 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 Dorman Products technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Dorman Products 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...

Dorman Products Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Dorman Products volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Dorman Products Trend Analysis

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

Dorman Products Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Dorman Products applied against its price change over selected period. The best fit line has a slop of   0.24  , which means Dorman Products will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2116.46, which is the sum of squared deviations for the predicted Dorman Products price change compared to its average price change.

About Dorman Products 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 Dorman Products 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 Dorman Products based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Dorman Products price pattern first instead of the macroeconomic environment surrounding Dorman Products. By analyzing Dorman Products'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 Dorman Products'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 Dorman Products specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2023 (projected)
Dividend Yield0.09440.11
Price To Sales Ratio1.471.36

Dorman Products March 28, 2024 Technical Indicators

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

Dorman Products March 28, 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 Dorman 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.
When determining whether Dorman Products is a strong investment it is important to analyze Dorman Products' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Dorman Products' future performance. For an informed investment choice regarding Dorman Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dorman Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
To learn how to invest in Dorman Stock, please use our How to Invest in Dorman Products guide.
You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.

Complementary Tools for Dorman Stock analysis

When running Dorman Products' price analysis, check to measure Dorman Products' 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 Dorman Products is operating at the current time. Most of Dorman Products' value examination focuses on studying past and present price action to predict the probability of Dorman Products' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dorman Products' price. Additionally, you may evaluate how the addition of Dorman Products to your portfolios can decrease your overall portfolio volatility.
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Is Dorman Products' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Dorman Products. If investors know Dorman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Dorman Products listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.855
Earnings Share
4.1
Revenue Per Share
61.351
Quarterly Revenue Growth
(0.01)
Return On Assets
0.0701
The market value of Dorman Products is measured differently than its book value, which is the value of Dorman that is recorded on the company's balance sheet. Investors also form their own opinion of Dorman Products' value that differs from its market value or its book value, called intrinsic value, which is Dorman Products' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Dorman Products' market value can be influenced by many factors that don't directly affect Dorman Products' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Dorman Products' value and its price as these two are different measures arrived at by different means. Investors typically determine if Dorman Products is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Dorman Products' 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.