Impinj Inc Stock Technical Analysis

PI Stock  USD 128.41  0.99  0.78%   
As of the 28th of March, Impinj retains the Risk Adjusted Performance of 0.1259, downside deviation of 2.25, and Market Risk Adjusted Performance of 0.634. Concerning fundamental indicators, the technical analysis model lets you check existing technical drivers of Impinj Inc, as well as the relationship between them. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to collect and analyze data for nineteen technical drivers for Impinj Inc, which can be compared to its competitors. Please check out Impinj Inc variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Impinj is priced fairly, providing market reflects its last-minute price of 128.41 per share. Given that Impinj Inc has jensen alpha of 0.4955, we strongly advise you to confirm Impinj Inc's regular market performance to make sure the company can sustain itself at a future point.

Impinj Momentum Analysis

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

Impinj Analyst Consensus

Target PriceAdvice# of Analysts
87.75Strong Buy8Odds
Impinj Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Impinj 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 Impinj stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Impinj Inc, talking to its executives and customers, or listening to Impinj conference calls.
Impinj Analyst Advice Details
Impinj 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 Impinj technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Impinj 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...

Impinj Inc Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. 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 Impinj Inc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Impinj Inc Trend Analysis

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

Impinj Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Impinj Inc applied against its price change over selected period. The best fit line has a slop of   0.72  , which suggests that Impinj Inc will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 19612.66, which is the sum of squared deviations for the predicted Impinj price change compared to its average price change.

About Impinj 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 Impinj Inc 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 Impinj Inc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Impinj Inc price pattern first instead of the macroeconomic environment surrounding Impinj Inc. By analyzing Impinj'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 Impinj'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 Impinj specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Cash Conversion Cycle108.87135.84272.86147.24
Cash Ratio3.490.463.073.22

Impinj March 28, 2024 Technical Indicators

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

Impinj 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 Impinj 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 Impinj Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Impinj's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Impinj Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Impinj Inc Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Impinj Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

Complementary Tools for Impinj Stock analysis

When running Impinj's price analysis, check to measure Impinj'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 Impinj is operating at the current time. Most of Impinj's value examination focuses on studying past and present price action to predict the probability of Impinj's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Impinj's price. Additionally, you may evaluate how the addition of Impinj to your portfolios can decrease your overall portfolio volatility.
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Is Impinj's 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 Impinj. If investors know Impinj 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 Impinj listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.62)
Revenue Per Share
11.496
Quarterly Revenue Growth
(0.08)
Return On Assets
(0.07)
Return On Equity
(1.74)
The market value of Impinj Inc is measured differently than its book value, which is the value of Impinj that is recorded on the company's balance sheet. Investors also form their own opinion of Impinj's value that differs from its market value or its book value, called intrinsic value, which is Impinj's 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 Impinj's market value can be influenced by many factors that don't directly affect Impinj's 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 Impinj's value and its price as these two are different measures arrived at by different means. Investors typically determine if Impinj is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Impinj'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.