Weir Group Plc Stock Technical Analysis

WEGRY Stock  USD 13.47  0.29  2.20%   
As of the 15th of May 2024, Weir Group maintains the Mean Deviation of 1.34, market risk adjusted performance of (0.34), and Downside Deviation of 1.59. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Weir Group PLC, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Weir Group PLC, which can be compared to its peers. Please check out Weir Group PLC coefficient of variation, maximum drawdown, as well as the relationship between the Maximum Drawdown and skewness to decide if Weir Group PLC is priced fairly, providing market reflects its latest price of 13.47 per share. Given that Weir Group PLC has jensen alpha of 0.3004, we strongly advise you to confirm Weir Group PLC's prevalent market performance to make sure the company can sustain itself at a future point.

Weir Group Momentum Analysis

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

Weir Group PLC Technical Analysis

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The output start index for this execution was thirty-six with a total number of output elements of twenty-five. 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 Weir Group PLC volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Weir Group PLC Trend Analysis

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

Weir Group Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Weir Group PLC applied against its price change over selected period. The best fit line has a slop of   0.02  , which means Weir Group PLC will continue generating value for investors. It has 122 observation points and a regression sum of squares at 22.15, which is the sum of squared deviations for the predicted Weir Group price change compared to its average price change.

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

Weir Group May 15, 2024 Technical Indicators

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

Weir Group May 15, 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 Weir 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 Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Weir Group PLC. 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.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Complementary Tools for Weir Pink Sheet analysis

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