Mitra Energi (Indonesia) Technical Analysis

KOPI Stock  IDR 368.00  2.00  0.54%   
As of the 16th of April 2024, Mitra Energi secures the Mean Deviation of 2.22, risk adjusted performance of 7.0E-4, and Standard Deviation of 3.04. Mitra Energi Persada 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 Mitra Energi, which can be compared to its peers in the industry. Please verify Mitra Energi Persada coefficient of variation, variance, and the relationship between the mean deviation and standard deviation to decide if Mitra Energi Persada is priced some-what accurately, providing market reflects its recent price of 368.0 per share.

Mitra Energi Momentum Analysis

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

Mitra Energi Persada Technical Analysis

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Mitra Energi Persada Trend Analysis

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

Mitra Energi Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mitra Energi Persada applied against its price change over selected period. The best fit line has a slop of   0.61  , which means Mitra Energi Persada will continue generating value for investors. It has 122 observation points and a regression sum of squares at 14148.32, which is the sum of squared deviations for the predicted Mitra Energi price change compared to its average price change.

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

Mitra Energi April 16, 2024 Technical Indicators

Most technical analysis of Mitra 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 Mitra from various momentum indicators to cycle indicators. When you analyze Mitra 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. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Mitra Stock analysis

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