Kancera AB (Sweden) Technical Analysis

KAN Stock  SEK 5.04  0.61  20.21%   
As of the 29th of March, Kancera AB secures the Risk Adjusted Performance of (0.07), standard deviation of 7.79, and Mean Deviation of 3.71. Kancera AB technical analysis lets you operate historical price patterns with an objective to determine a pattern that forecasts the direction of the firm's future prices. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Kancera AB, which can be compared to its peers in the industry. Please verify Kancera AB information ratio, value at risk, as well as the relationship between the Value At Risk and kurtosis to decide if Kancera AB is priced some-what accurately, providing market reflects its recent price of 1.71 per share.

Kancera AB Momentum Analysis

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

Kancera AB Technical Analysis

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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 Kancera AB volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Kancera AB Trend Analysis

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

Kancera AB Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Kancera AB applied against its price change over selected period. The best fit line has a slop of   0.06  , which may suggest that Kancera AB market price will keep on failing further. It has 122 observation points and a regression sum of squares at 124.04, which is the sum of squared deviations for the predicted Kancera AB price change compared to its average price change.

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

Kancera AB March 29, 2024 Technical Indicators

Most technical analysis of Kancera 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 Kancera from various momentum indicators to cycle indicators. When you analyze Kancera 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kancera AB. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

Complementary Tools for Kancera Stock analysis

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