Surya Esa (Indonesia) Technical Analysis

ESSA Stock  IDR 755.00  30.00  4.14%   
As of the 18th of April 2024, Surya Esa has the Risk Adjusted Performance of 0.1154, semi deviation of 2.09, and Coefficient Of Variation of 587.06. Surya Esa technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Surya Esa Perkasa, which can be compared to its competition. Please validate Surya Esa Perkasa jensen alpha, maximum drawdown, and the relationship between the information ratio and treynor ratio to decide if Surya Esa is priced more or less accurately, providing market reflects its prevalent price of 755.0 per share.

Surya Esa Momentum Analysis

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

Surya Esa Perkasa Technical Analysis

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Surya Esa Perkasa Trend Analysis

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

Surya Esa Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Surya Esa Perkasa applied against its price change over selected period. The best fit line has a slop of   2.59  , which means Surya Esa Perkasa will continue generating value for investors. It has 122 observation points and a regression sum of squares at 253940.96, which is the sum of squared deviations for the predicted Surya Esa price change compared to its average price change.

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

Surya Esa April 18, 2024 Technical Indicators

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

Surya Esa April 18, 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 Surya 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 Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Surya Stock analysis

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