Oneconnect Financial Technology Stock Technical Analysis

OCFT Stock  USD 1.83  0.05  2.66%   
As of the 24th of April, Oneconnect Financial holds the Coefficient Of Variation of (610.65), risk adjusted performance of (0.09), and Variance of 11.59. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Oneconnect Financial, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to analyze and collect data for thirteen technical drivers for Oneconnect Financial, which can be compared to its competitors. Please check Oneconnect Financial coefficient of variation and maximum drawdown to decide if Oneconnect Financial is priced some-what accurately, providing market reflects its current price of 1.83 per share. Please also confirm Oneconnect Financial jensen alpha, which is currently at (0.67) to check out the company can sustain itself at a future point.

Oneconnect Financial Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Oneconnect, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Oneconnect
  
Oneconnect Financial'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.

Oneconnect Financial Analyst Consensus

Target PriceAdvice# of Analysts
4.01Hold3Odds
Oneconnect Financial Technology current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Oneconnect analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Oneconnect stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Oneconnect Financial, talking to its executives and customers, or listening to Oneconnect conference calls.
Oneconnect Analyst Advice Details
Oneconnect Financial 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 Oneconnect Financial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Oneconnect Financial 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...

Oneconnect Financial 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 Oneconnect Financial volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Oneconnect Financial Trend Analysis

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

Oneconnect Financial Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Oneconnect Financial Technology applied against its price change over selected period. The best fit line has a slop of   0.0063  , which may suggest that Oneconnect Financial Technology market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1.52, which is the sum of squared deviations for the predicted Oneconnect Financial price change compared to its average price change.

About Oneconnect Financial 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 Oneconnect Financial Technology 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 Oneconnect Financial Technology based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Oneconnect Financial price pattern first instead of the macroeconomic environment surrounding Oneconnect Financial. By analyzing Oneconnect Financial'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 Oneconnect Financial'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 Oneconnect Financial specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Graham Number288.482.254.484.25
Receivables Turnover3.652.084.555.14

Oneconnect Financial April 24, 2024 Technical Indicators

Most technical analysis of Oneconnect 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 Oneconnect from various momentum indicators to cycle indicators. When you analyze Oneconnect 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.
When determining whether Oneconnect Financial is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Oneconnect Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Oneconnect Financial Technology Stock. Highlighted below are key reports to facilitate an investment decision about Oneconnect Financial Technology Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Oneconnect Financial Technology. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the Oneconnect Financial information on this page should be used as a complementary analysis to other Oneconnect Financial's 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.

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When running Oneconnect Financial's price analysis, check to measure Oneconnect Financial'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 Oneconnect Financial is operating at the current time. Most of Oneconnect Financial's value examination focuses on studying past and present price action to predict the probability of Oneconnect Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Oneconnect Financial's price. Additionally, you may evaluate how the addition of Oneconnect Financial to your portfolios can decrease your overall portfolio volatility.
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Is Oneconnect Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Oneconnect Financial. If investors know Oneconnect will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Oneconnect Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.37)
Revenue Per Share
3.337
Quarterly Revenue Growth
(0.26)
Return On Assets
(0.03)
Return On Equity
(0.12)
The market value of Oneconnect Financial is measured differently than its book value, which is the value of Oneconnect that is recorded on the company's balance sheet. Investors also form their own opinion of Oneconnect Financial's value that differs from its market value or its book value, called intrinsic value, which is Oneconnect Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Oneconnect Financial's market value can be influenced by many factors that don't directly affect Oneconnect Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Oneconnect Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Oneconnect Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Oneconnect Financial'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.