Veidekke ASA (Norway) Technical Analysis

VEI Stock  NOK 117.00  0.40  0.34%   
As of the 16th of May 2024, Veidekke ASA has the Semi Deviation of 1.1, coefficient of variation of 382.95, and Risk Adjusted Performance of 0.1697. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Veidekke ASA, as well as the relationship between them. 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 collect and analyze data for nineteen technical drivers for Veidekke ASA, which can be compared to its competition. Please validate Veidekke ASA maximum drawdown, and the relationship between the information ratio and downside variance to decide if Veidekke ASA is priced more or less accurately, providing market reflects its prevalent price of 117.0 per share.

Veidekke ASA Momentum Analysis

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

Veidekke ASA 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 Veidekke ASA volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Veidekke ASA Trend Analysis

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

Veidekke ASA Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Veidekke ASA applied against its price change over selected period. The best fit line has a slop of   0.25  , which means Veidekke ASA will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2290.72, which is the sum of squared deviations for the predicted Veidekke ASA price change compared to its average price change.

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

Veidekke ASA May 16, 2024 Technical Indicators

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

Veidekke ASA May 16, 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 Veidekke 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Veidekke ASA. 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

Complementary Tools for Veidekke Stock analysis

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