Ultra Chip (Taiwan) Technical Analysis

3141 Stock  TWD 81.40  1.40  1.69%   
As of the 18th of April 2024, Ultra Chip has the Coefficient Of Variation of (692.90), risk adjusted performance of (0.08), and Variance of 2.57. Ultra Chip technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. 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 interpolate thirteen technical drivers for Ultra Chip, which can be compared to its competition. Please validate Ultra Chip information ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk to decide if Ultra Chip is priced more or less accurately, providing market reflects its prevalent price of 81.4 per share.

Ultra Chip Momentum Analysis

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

Ultra Chip Technical Analysis

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The output start index for this execution was three with a total number of output elements of fifty-eight. 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 Ultra Chip volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Ultra Chip Trend Analysis

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

Ultra Chip Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Ultra Chip applied against its price change over selected period. The best fit line has a slop of   0.3  , which may suggest that Ultra Chip market price will keep on failing further. It has 122 observation points and a regression sum of squares at 3347.04, which is the sum of squared deviations for the predicted Ultra Chip price change compared to its average price change.

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

Ultra Chip April 18, 2024 Technical Indicators

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

Ultra Chip April 18, 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 Ultra 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Ultra Chip. 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 Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Ultra Stock analysis

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