Mycl Etf Technical Analysis
| MYCL Etf | 24.45 0.02 0.08% |
As of the 30th of October, MYCL owns the Market Risk Adjusted Performance of (5.95), coefficient of variation of (309.63), and Mean Deviation of 0.219. In relation to fundamental indicators, the technical analysis model lets you check practical technical drivers of MYCL, as well as the relationship between them. Please verify MYCL mean deviation, treynor ratio, as well as the relationship between the Treynor Ratio and kurtosis to decide if MYCL is priced correctly, providing market reflects its prevailing price of 24.45 per share.
MYCL Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as MYCL, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to MYCLMYCL |
MYCL technical etf 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, etf market cycles, or different charting patterns.
MYCL Technical Analysis
The output start index for this execution was fourteen with a total number of output elements of twelve. 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 MYCL volatility. High ATR values indicate high volatility, and low values indicate low volatility.
MYCL Trend Analysis
Use this graph to draw trend lines for MYCL. You can use it to identify possible trend reversals for MYCL 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 MYCL price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.MYCL Best Fit Change Line
The following chart estimates an ordinary least squares regression model for MYCL applied against its price change over selected period. The best fit line has a slop of 0.02 , which may suggest that MYCL market price will keep on failing further. It has 52 observation points and a regression sum of squares at 1.53, which is the sum of squared deviations for the predicted MYCL price change compared to its average price change.About MYCL 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 MYCL 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 MYCL based on its technical analysis. In general, a bottom-up approach, as applied to this etf, focuses on MYCL price pattern first instead of the macroeconomic environment surrounding MYCL. By analyzing MYCL'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 MYCL'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 MYCL specific price patterns or momentum indicators. Please read more on our technical analysis page.
MYCL October 30, 2024 Technical Indicators
Most technical analysis of MYCL 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 MYCL from various momentum indicators to cycle indicators. When you analyze MYCL 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.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.26) | |||
| Market Risk Adjusted Performance | (5.95) | |||
| Mean Deviation | 0.219 | |||
| Coefficient Of Variation | (309.63) | |||
| Standard Deviation | 0.2826 | |||
| Variance | 0.0799 | |||
| Information Ratio | (0.55) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (5.96) | |||
| Maximum Drawdown | 1.13 | |||
| Value At Risk | (0.64) | |||
| Potential Upside | 0.3215 | |||
| Skewness | (0.81) | |||
| Kurtosis | 0.2848 |
MYCL October 30, 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 MYCL 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.
| Accumulation Distribution | 0.00 | ||
| Daily Balance Of Power | Huge | ||
| Rate Of Daily Change | 1.00 | ||
| Day Median Price | 24.45 | ||
| Day Typical Price | 24.45 | ||
| Price Action Indicator | 0.01 |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYCL. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
The market value of MYCL is measured differently than its book value, which is the value of MYCL that is recorded on the company's balance sheet. Investors also form their own opinion of MYCL's value that differs from its market value or its book value, called intrinsic value, which is MYCL'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 MYCL's market value can be influenced by many factors that don't directly affect MYCL'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 MYCL's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYCL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYCL'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.