Provident Agro (Indonesia) Technical Analysis

PALM Stock  IDR 418.00  2.00  0.48%   
As of the 28th of March, Provident Agro holds the Risk Adjusted Performance of (0.03), coefficient of variation of (1,384), and Variance of 12.93. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Provident Agro, 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 interpolate thirteen technical drivers for Provident Agro Tbk, which can be compared to its competitors. Please check Provident Agro Tbk mean deviation, standard deviation, information ratio, as well as the relationship between the coefficient of variation and variance to decide if Provident Agro Tbk is priced some-what accurately, providing market reflects its current price of 418.0 per share.

Provident Agro Momentum Analysis

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

Provident Agro Tbk 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 Provident Agro Tbk volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Provident Agro Tbk Trend Analysis

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

Provident Agro Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Provident Agro Tbk applied against its price change over selected period. The best fit line has a slop of   3.34  , which may suggest that Provident Agro Tbk market price will keep on failing further. It has 122 observation points and a regression sum of squares at 422444.71, which is the sum of squared deviations for the predicted Provident Agro price change compared to its average price change.

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

Provident Agro March 28, 2024 Technical Indicators

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

Provident Agro March 28, 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 Provident 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Provident Agro Tbk. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.

Complementary Tools for Provident Stock analysis

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