Bittium Oyj (Finland) Technical Analysis

BITTI Stock  EUR 5.42  0.14  2.65%   
As of the 29th of March, Bittium Oyj shows the Downside Deviation of 1.57, mean deviation of 1.45, and Risk Adjusted Performance of 0.055. Bittium Oyj technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates 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 collect and analyze data for nineteen technical drivers for Bittium Oyj, which can be compared to its rivals. Please confirm Bittium Oyj variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Bittium Oyj is priced correctly, providing market reflects its regular price of 5.42 per share.

Bittium Oyj Momentum Analysis

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

Bittium Oyj 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 Bittium Oyj volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Bittium Oyj Trend Analysis

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

Bittium Oyj Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Bittium Oyj applied against its price change over selected period. The best fit line has a slop of   0.01  , which means Bittium Oyj will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1.69, which is the sum of squared deviations for the predicted Bittium Oyj price change compared to its average price change.

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

Bittium Oyj March 29, 2024 Technical Indicators

Most technical analysis of Bittium 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 Bittium from various momentum indicators to cycle indicators. When you analyze Bittium 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 Bittium Oyj. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for Bittium Stock analysis

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