Goodtech (Norway) Momentum Indicators Minus Directional Movement

GOD Stock  NOK 13.45  0.10  0.74%   
Goodtech momentum indicators tool provides the execution environment for running the Minus Directional Movement indicator and other technical functions against Goodtech. Goodtech value trend is the prevailing direction of the price over some defined period of time. The concept of trend is an important idea in technical analysis, including the analysis of momentum indicators indicators. As with most other technical indicators, the Minus Directional Movement indicator function is designed to identify and follow existing trends. Momentum indicators of Goodtech are pattern recognition functions that provide distinct formation on Goodtech potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Minus Directional Movement indicator shows the difference between two consecutive lows of Goodtech price series.

Goodtech Technical Analysis Modules

Most technical analysis of Goodtech 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 Goodtech from various momentum indicators to cycle indicators. When you analyze Goodtech charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Goodtech Predictive Technical Analysis

Predictive technical analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Goodtech. We use our internally-developed statistical techniques to arrive at the intrinsic value of Goodtech based on widely used predictive technical indicators. In general, we focus on analyzing Goodtech Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Goodtech's daily price indicators and compare them against related drivers, such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Goodtech's intrinsic value. In addition to deriving basic predictive indicators for Goodtech, we also check how macroeconomic factors affect Goodtech price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Goodtech's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
11.2913.4515.61
Details
Intrinsic
Valuation
LowRealHigh
10.2812.4414.60
Details
Naive
Forecast
LowNextHigh
11.3513.5115.67
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.3013.8314.35
Details

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Other Information on Investing in Goodtech Stock

Goodtech financial ratios help investors to determine whether Goodtech Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Goodtech with respect to the benefits of owning Goodtech security.