Evergreen Marine (Taiwan) Technical Analysis

2603 Stock  TWD 170.50  7.50  4.21%   
As of the 18th of April 2024, Evergreen Marine shows the Downside Deviation of 2.87, coefficient of variation of 1254.97, and Mean Deviation of 2.06. Evergreen Marine Corp technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Evergreen Marine Corp, which can be compared to its peers. Please confirm Evergreen Marine Corp semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to decide if Evergreen Marine Corp is priced favorably, providing market reflects its regular price of 170.5 per share.

Evergreen Marine Momentum Analysis

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

Evergreen Marine Corp Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. 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 Evergreen Marine Corp volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Evergreen Marine Corp Trend Analysis

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

Evergreen Marine Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Evergreen Marine Corp applied against its price change over selected period. The best fit line has a slop of   0.48  , which means Evergreen Marine Corp will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8737.17, which is the sum of squared deviations for the predicted Evergreen Marine price change compared to its average price change.

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

Evergreen Marine April 18, 2024 Technical Indicators

Most technical analysis of Evergreen 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 Evergreen from various momentum indicators to cycle indicators. When you analyze Evergreen 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Evergreen Marine Corp. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.

Complementary Tools for Evergreen Stock analysis

When running Evergreen Marine's price analysis, check to measure Evergreen Marine'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 Evergreen Marine is operating at the current time. Most of Evergreen Marine's value examination focuses on studying past and present price action to predict the probability of Evergreen Marine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Evergreen Marine's price. Additionally, you may evaluate how the addition of Evergreen Marine to your portfolios can decrease your overall portfolio volatility.
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Equity Search
Search for actively traded equities including funds and ETFs from over 30 global markets
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Idea Optimizer
Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
Please note, there is a significant difference between Evergreen Marine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Evergreen Marine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Evergreen Marine'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.