Mithra Pharmaceuticals (Belgium) Technical Analysis

MITRA Stock  EUR 0.22  0.01  4.35%   
As of the 25th of April, Mithra Pharmaceuticals secures the Risk Adjusted Performance of (0.15), standard deviation of 8.06, and Mean Deviation of 5.21. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Mithra Pharmaceuticals, as well as the relationship between them. 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 analyze thirteen technical drivers for Mithra Pharmaceuticals, which can be compared to its peers in the industry. Please verify Mithra Pharmaceuticals standard deviation, as well as the relationship between the maximum drawdown and kurtosis to decide if Mithra Pharmaceuticals SA is priced some-what accurately, providing market reflects its recent price of 0.22 per share.

Mithra Pharmaceuticals Momentum Analysis

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

Mithra Pharmaceuticals Technical Analysis

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The output start index for this execution was ten with a total number of output elements of fifty-one. 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 Mithra Pharmaceuticals volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Mithra Pharmaceuticals Trend Analysis

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

Mithra Pharmaceuticals Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Mithra Pharmaceuticals SA applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Mithra Pharmaceuticals SA market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.22, which is the sum of squared deviations for the predicted Mithra Pharmaceuticals price change compared to its average price change.

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

Mithra Pharmaceuticals April 25, 2024 Technical Indicators

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

Mithra Pharmaceuticals April 25, 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 Mithra 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mithra Pharmaceuticals SA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Mithra Pharmaceuticals information on this page should be used as a complementary analysis to other Mithra Pharmaceuticals' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Mithra Stock analysis

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